54 applicants

Company

Wealthfront · 2 days ago

Mortgage Product Counsel

Palo Alto, CA

Full-time

Remote

Senior Level

$185K/yr - $217K/yr

5+ years exp

Maximize your interview chances

FinanceFinancial Services

Comp. & Benefits

H1B Sponsor Likely

Insider Connection @Wealthfront

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Mortgage Law Compliance: Advise on legal matters related to mortgage origination, servicing, and default management. Ensure adherence to federal and state mortgage laws and regulations, including the Truth in Lending Act (TILA) and the Equal Credit Opportunity Act (ECOA).

RESPA Expertise: Provide guidance on RESPA compliance, including anti-kickback rules, referral fees, and disclosures. Ensure that company practices align with RESPA requirements and mitigate legal risks.

Loan Officer Regulation: Offer legal advice on the licensing and activities of loan officers, including adherence to the Nationwide Multistate Licensing System (NMLS) and compliance with state-specific loan officer regulations.

Transactional Support: Support transactional matters involving mortgage origination, loan modifications, and assignments, and assist with contract review and negotiation.

Litigation & Risk Management: Handle or oversee litigation related to mortgage origination and servicing. Assess risk and recommend strategies to mitigate legal exposure, especially regarding consumer complaints and regulatory audits.

Training & Policy Development: Develop training programs for loan officers and staff on mortgage regulations and consumer protection laws. Assist in drafting and updating internal policies to comply with new or changing regulations.

Regulatory Monitoring: Monitor changes in mortgage-related regulations at the federal and state level, such as updates from the Consumer Financial Protection Bureau (CFPB), and provide proactive guidance on how these changes impact business operations.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Mortgage LawRESPA ComplianceTILA KnowledgeECOA KnowledgeLoan Officer RegulationNMLS ComplianceSecondary Mortgage MarketRisk ManagementLegal WritingCFPB KnowledgeE-mortgage FamiliarityDigital Closing Platforms

Required

Juris Doctor (JD) degree from an accredited law school and active bar membership.

Minimum 5+ years of legal experience, preferably in mortgage, consumer finance, or real estate law.

Deep knowledge of RESPA, TILA, ECOA, and other mortgage-related federal and state laws.

Experience advising on loan officer compliance and NMLS regulations.

Strong understanding of the secondary mortgage market and loan servicing.

Excellent communication, negotiation, and legal writing skills.

Ability to manage multiple legal matters simultaneously and provide strategic business advice.

Preferred

Previous in-house legal experience in the mortgage or financial services industry.

Experience with CFPB examinations and enforcement actions.

Familiarity with e-mortgage and digital closing platforms.

Company

Wealthfront

Glassdoor

4.1

Wealthfront integrates investing and saving products to help young professionals build long-term wealth in any market condition.

Founded in 2008

Palo Alto, California, USA

201-500 employees

https://www.wealthfront.com

H1B Sponsorship

Wealthfront has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (7)

2022 (6)

2021 (19)

2020 (23)