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We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
Primary Function
We are seeking a knowledgeable and proactive regulatory attorney to support our mortgage servicing operations. This role will focus on ensuring compliance with federal, state, and local laws and regulations affecting mortgage servicing, advising internal stakeholders, and supporting regulatory examinations and audits. The ideal candidate will have a strong understanding of the mortgage servicing regulatory landscape and experience working in a fast-paced, highly regulated environment.
DUTIES & RESPONSIBILITIES
Monitor, interpret, and advise on federal and state laws, regulations, and agency guidance impacting mortgage servicing, including but not limited to RESPA, TILA, ECOA, FDCPA, FCRA, CFPB Regulations, and state-specific servicing requirements
Provide legal counsel to business units on regulatory compliance matters, operational changes, and risk mitigation strategies.
Draft and review regulatory disclosures and customer communications
Review and advise on policies, procedures, and training materials to ensure alignment with applicable laws and regulatory expectations.
Collaborate with Compliance and Operations teams to implement regulatory changes and support enterprise-wide compliance initiatives
Track and analyze regulatory developments, assess their impact on servicing operations, and communicate changes to relevant stakeholders
Partner with outside counsel as needed to align legal approaches with internal strategic objectives and acceptable risk levels
Draft and review responses to government agencies regarding escalated consumer complaints and aid with examinations and 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
Other duties as directed Education and Experience Requirements
- Law Degree.
- Membership in good standing in state bar.
- Minimum of 5 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:
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental Bonding Leave
Pet insurance
Adoption Assistance
Tuition reimbursement
Employee Loan Program
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez 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 more
1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
Newrez 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 contributions
Equal 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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