Corporate Counsel

loanDepot•Irvine, CA

27d•$141,000 - $224,000

About The Position

The Corporate Counsel provides a wide range of legal and compliance services to business units, including drafting and reviewing contracts, assisting with litigation and corporate transactions, advising corporate departments and production channels on laws and regulations governing mortgage loan origination, developing compliance strategy, and managing regulatory risks. The role ensures that work is performed in accordance with company policies and procedures and applicable U.S. state and federal laws and regulations. The Corporate Counsel advises management, departments, and branch personnel on residential mortgage loan origination, fair lending, privacy, and corporate compliance matters. The role works with senior management and business units to identify and manage compliance risks, implement legal and regulatory changes, and maintain effective policies and procedures. It also supports audits and examinations, reviews company materials for legal compliance, and drafts and negotiates agreements. The position conducts legal research and investigations and presents recommendations to management.

Requirements

Bachelor’s degree required.
Juris Doctor degree from an American Bar Association-accredited law school or equivalent international degree.
Minimum of three years’ experience practicing law.
Active license to practice law.
Deep understanding of compliance and federal consumer laws and regulations; mortgage origination compliance experience is preferred.
Knowledge of relevant federal and state regulations, including Dodd-Frank, TRID, Section 32, predatory lending, and RESPA.
Demonstrated ability to quantify risk.
Excellent legal research and analytical abilities.
Prior experience interpreting and applying federal, state, and investor regulations.
A minimum of eight years of related experience is preferred.

Nice To Haves

Experience with mortgage origination compliance regulations, including RESPA/TILA, BSA, SARs, TRID, Dodd-Frank, Regulations B, C, E, and Z, the Fair Credit Reporting Act, the Fair Housing Act, the SAFE Act, and the Homeowner’s Equity Protection Act.
Minimum of eight years’ related experience.

Responsibilities

Evaluate legal issues related to residential mortgage loan origination, fair lending, privacy, and general corporate compliance, and advise management, corporate departments, and branch personnel.
Manage and report on regulatory compliance risks across the company and assist the General Counsel with a broad range of legal topics.
Provide proactive guidance to senior management on identifying compliance risks and ensuring adequate compliance policies and procedures are in place.
Assist with regulatory, investor, and lending compliance audits and examinations; coordinate materials and responses to audit requests and findings; and maintain relationships with regulatory agencies and investors.
Work with business units to implement legal changes affecting loan origination processes, including requirements related to Qualified Mortgages, TILA, RESPA, and FCRA.
Draft compliance memoranda, bulletins, training materials, policies, and procedures concerning laws and regulations, and maintain accessible records of those materials.
Track changes in federal and state laws and regulations, establish applicable policies and procedures, and implement changes to procedures, loan documentation, disclosures, fees, origination processes, and related practices and software.
Oversee review and approval of policies, procedures, practices, training materials, marketing materials, consumer disclosures, and other communications for legal compliance.
Provide counsel and guidance, including direct communication and complex written analysis and advice, to executive and senior management.
Review agreements and draft and negotiate correspondent, lease, broker, and vendor agreements.
Conduct complex legal research and investigate claims and defenses; develop oral and written advice and present recommendations to management.