Senior Residential Mortgage Servicing Counsel

NACBA; Plano (TX); On-site; USD 180,000 - 240,000; Full time

Job summary

Bank of America is seeking an experienced in-house Counsel to support residential mortgage servicing across front line units, providing legal advice on products, services, and actions including loss mitigation, workouts, and loan modifications.

The ideal candidate will hold a bar admission in at least one state, have 7+ years of mortgage law or compliance experience, and familiarity with custom residential mortgage loan documentation; estate planning knowledge for high net worth clients is a

Qualifications

• Bar Admission in at least one state (active/good standing).
• Minimum 7 years legal/compliance experience in mortgage industry.
• Experience with custom residential mortgage loan documentation.

Responsibilities

• Analyses legal issues and implications on consumer banking and wealth management products, services, and regulatory matters.
• Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership.
• Interprets rulings, laws, and regulations from a compliance and business control standpoint.
• Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, and legal opinions.
• Gathers, assesses, and evaluates information from various sources to make a judgment or inference.
• Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation.
• Provides legal support for residential mortgage servicing, including the wealth management residential mortgage servicing business GWIM Consumer Special Asset Group (GCSAG) default servicing for Custom mortgage, as well as additional support for Custom mortgage.
• Supports client escalations, daily advice to the wealth management residential mortgage servicing business, Dodd Frank compliance, servicing questions, legal/compliance matters related to default servicing and general legal advice.

Skills

Advisory

Influence

Regulatory compliance

Attention to detail

Collaboration

Executive presence

Legal drafting

Problem solving

Risk management

Critical thinking

Decision making

Policy guidance

Education

Doctorate degree in related field

Job description

Bank of America is seeking an experienced in-house Counsel to support residential mortgage servicing across front line units, providing legal advice on products, services, and actions including loss mitigation, workouts, and loan modifications.

The ideal candidate will hold a bar admission in at least one state, have 7+ years of mortgage law or compliance experience, and familiarity with custom residential mortgage loan documentation; estate planning knowledge for high net worth clients is a