Overview
Sr. Counsel role at Newrez LLC; a member of the Legal Staff principally responsible for providing legal services to Mortgage Servicing Operations, advising on servicing laws and regulations, and supervising in-house counsel.
Responsibilities
- Monitor, research and interpret federal and state laws and regulations applicable to mortgage servicing specifically and consumer finance generally including but not limited to RESPA, FCRA, FTC Act, TCPA, FDCPA, TILA / HOEPA, SCRA, National Flood Act, Dodd-Frank Act;
- Provide legal advice to Servicing Operations on complex legal issues, compliance policies and risk management;
- Provide legal advice in connection with the development of home ownership preservation alternatives to foreclosure and other loss mitigation strategies;
- Counsel Compliance, Risk Management and Business Controls on servicing laws and regulations;
- Draft and review responses to government agencies regarding escalated consumer complaints and aid with examinations and investigations;
- Draft and review regulatory disclosures and customer communications;
- Participate in the review and revision of servicing policies and procedures and training manuals; conduct comprehensive training on laws and regulations related to Servicing Operations;
- Review and comment on proposed legislation;
- Assist Servicing Operations in managing title claim issues;
- Review and manage pre-dispute litigation matters on servicing issues;
- Provide support to in-house litigation staff on matters involving servicing allegations;
- Provide support and advice to the management of outside foreclosure and bankruptcy counsel;
- Provide legal advice to ARM and REO functions;
- Provide legal support to Global Security on allegations of mortgage fraud; Assist Corporate Security with internal investigations;
- Provide advice and counseling in connection with risk assessments (including legal risk assessments), compliance testing, internal audits and state and federal examinations of mortgage servicing operations;
- Build and maintain working relationships with Servicing Operations Management, Compliance, Internal Audit and Risk functional partners;
- Manage legal staff supporting Servicing;
- Assume responsibility for special projects as assigned;
- Any other job responsibilities requested by management.
Education And Experience Requirements
Law Degree.Membership in good standing in state bar.10-12 years of full-time legal practice with substantial experience in regulatory compliance, focused on residential mortgage servicing issues, in a law firm or in-house setting.Knowledge, Skill And Ability Requirements
Familiarity with FNMA, FHLMC, GNMA Servicing Guidelines.Ability to achieve consensus among competing objectives and constituencies.Strong client service orientation.Excellent interpersonal communication and leadership skills, including the ability to influence others, foster teamwork and drive for results and change within a large and complex organization.Ability to analyze complex issues, develop creative solutions and provide sound, practical and reasoned legal advice to business client.Excellent verbal / written communication skills, excellent listening skills and teamwork skills.Additional Information
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.Company Benefits
Medical, dental, and vision insuranceHealth Savings Account with employer contribution401(k) Retirement plan with employer matchPaid Maternity Leave / Parental Bonding LeavePet insuranceAdoption AssistanceTuition reimbursementEmployee Loan ProgramThe Newrez Employee Emergency and Disaster Fund is a new program to support our team membersNewrez NOW
Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choiceEmployee Matching Gifts Program : We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employeeNewrez Grants Program : Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributionsEqual Employment Opportunity
We\'re proud to be an equal opportunity employer- and celebrate our employees\' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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