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Newrez · 1 week ago

Sr. Counsel

Coppell, TX

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

Newrez is a company dedicated to exceeding the expectations of residential mortgage borrowers and business partners through superior service and effective communication. The Sr. Counsel will provide legal services to the Mortgage Servicing Operations, including legal advice, compliance counseling, and managing legal staff related to servicing operations.

FinanceFinancial Services

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

Qualification

Regulatory complianceMortgage servicing lawsLegal adviceFNMA/FHLMC/GNMA guidelinesClient service orientationAnalytical skillsInterpersonal communicationLeadership skillsTeamwork skillsVerbal/written communication

Required

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

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

Benefits

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

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