Associate Attorney

Renovo Financial • Chicago, IL

55d • Hybrid

About The Position

Renovo Financial is a private lender and mortgage servicer based in Chicago that partners with real estate investors acquiring and renovating single- and multi-family residential properties. The Associate Attorney provides legal counsel and support on mortgage lending, compliance, and regulatory matters, collaborating with departments across the organization to advise on legal risks and help ensure adherence to applicable laws, regulations, and internal policies.

The role includes advising on mortgage lending and servicing issues, monitoring regulatory developments, and overseeing contested foreclosure and other default matters. The Associate Attorney also reviews default-resolution processes and develops jurisdiction-specific playbooks covering foreclosure approaches, guarantor recourse, receiverships, bankruptcy, title issues, loss mitigation, and arbitration. The position requires working in the downtown Chicago office at least three days per week.

Requirements

• Licensed attorney with a Juris Doctor degree from an accredited law school.
• At least five years of experience practicing law in the mortgage industry or a related field.
• Work in the downtown Chicago office at least three days per week.
• Strong understanding of federal and state mortgage regulations.
• Experience with residential or commercial mortgage loan foreclosure and default resolution.
• Strong written and verbal communication skills, including the ability to explain complex legal concepts to non-legal stakeholders.
• Strong attention to detail and organizational skills, particularly in managing contracts and compliance documentation.

Responsibilities

• Provide strategic legal counsel and guidance to internal stakeholders on mortgage lending, servicing, compliance, and regulatory matters affecting business operations and growth initiatives.
• Conduct legal research and analysis on financial regulations, case law, and regulatory guidance.
• Monitor and interpret industry regulations, procedures, and controls to support compliance with federal, state, and local requirements.
• Track contested foreclosures and other default matters, including borrower bankruptcy, guaranty pursuit, complex title matters, and loss mitigation strategies and documentation; review case files, support adequate reporting, and elevate matters during regular default and foreclosure meetings.
• Review foreclosure and other default-resolution processes and timelines across jurisdictions, identify differences between projected and actual timelines, and assess communications between foreclosure processors and outside counsel.
• Assess whether pre-foreclosure, foreclosure, or other default-resolution methods require modification.
• Develop and maintain jurisdiction-specific playbooks addressing judicial and non-judicial proceedings, guarantor recourse, receivership pursuit, borrower bankruptcy, complex title matters, loss mitigation, and arbitration; monitor adherence to the playbooks.
• Demonstrate Renovo’s values through actions, choices, and commitment to a shared purpose.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree