VP, Corporate Counsel - Servicing

Legal and Compliance | Hybrid Remote, Plano, Texas Irvine, California


Description

Position at loanDepot

loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. While there are many loan-touch career opportunities within loanDepot, we could not take care of our employees, nor our customers, without the amazing support of our corporate teams. From HR & Marketing to Finance & Compliance, #TeamloanDepot is always searching for the best talent out there. With over $100 billion in funded loans since inception, the evolution & enthusiasm is not slowing down anytime soon. Come join us!

loanDepot — We are America’s Lender.

Position Summary:

Responsible for supporting the company’s Compliance Management System and providing the servicing division with legal guidance applicable to state and federal laws, agency, and investor requirements. Interfaces with government agency officials in the representation and development of various strategic compliance programs, policies, services, and initiatives. Provides leadership, direction, and integration of compliance activities to fulfill the needs of the company. This position ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Responsibilities:

  • Responsible for supporting the company’s Compliance Management System and providing the servicing division with legal guidance to applicable state and federal laws, agency and investor requirements.
  • Conducts legal research, analysis, prepares written documentation and advises on state and federal laws appliable to mortgage servicing.
  • Manages the Servicing Compliance Manual, including preparing and updating federal compliance policies and procedures to ensure compliance with applicable legal requirements.
  • Provides legal guidance and supports the company’s compliance function, including advising on mortgage compliance reviews and testing, assessments of targeted compliance issues or investigations.
  • Collaborates with the Servicing Compliance Governance team.
  • Provides legal guidance, analysis and support for internal and external reviews of the servicing division.
  • Collaborates with the Servicing Oversight team.
  • Provides legal guidance, collaboration, and support to the servicing compliance monitoring program; oversees implementation process for key compliance strategies and compliance initiatives to changes in the law and action plans.
  • Supports the enterprise Regulatory Complaints and servicing division’s Escalated Complaints teams in the resolution of consumer complaints regarding mortgage servicing, including reviewing loan files, coordinating research, and preparing responses. Supports the Change Management and Issues Management teams to identify compliance issues for review and possible remediation.
  • Manages the servicing division’s compliance training program, including updates and annual reviews.
  • Participates and collaborates in the development and management of compliance educational and training programs for the servicing division and its contractors.
  • Coordinates activities with the legal team, risk team and operations leadership to ensure company has a comprehensive approach to managing mortgage servicing compliance risk.
  • Interfaces with government agency officials in the representation and development of various strategic compliance programs, policies, services, and initiatives.
  • Oversees the work of outside counsel for various engagements on behalf of the company.
  • Performs other duties and projects as assigned.

Requirements:

  • Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.
  • Advanced knowledge and understanding of mortgage servicing compliance.
  • Advanced knowledge of FNMA, FHLMC, GNMA, FHA, and VA program requirements.
  • Knowledge of public policies, legislation, guidelines, and standards pertaining to the mortgage industry.
  • Knowledge of concepts, practices, principles and procedures of strategic business planning.
  • Exceptional critical thinking skills and the ability to analyze, summarize, and effectively present data.
  • Exceptional interpersonal and communication skills and the ability to work effectively with a wide range of constituencies in a diverse community.
  • Exceptional verbal, written and interpersonal communication skills.
  • Outstanding analytical, communications and writing skills.
  • Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
  • Ability to educate and collaborate with executive management, servicing leadership and operations team members in regards to regulatory and compliance requirements to achieve division objectives.
  • Ability to organize and prioritize work schedules on a short-term and long-term basis.
  • Ability to provide consultation and expert advice to management.
  • Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
  • Ability to use independent judgment and to manage and impart confidential information.
  • Ability to interpret and advise on the application of various laws and regulations.
  • Ability to work with little to no supervision while performing duties.
  • Graduate of an accredited law school admitted to practice law within the state in which they work and is in good standing is required.
  • Minimum of ten (10) + years of mortgage servicing compliance experience, ideally in an in-house legal department.
  • Experience with Dodd/Frank, RESPA, TILA, Regulations X and Z, FCRA, Fair Lending, and other federal and state regulatory requirements.
  • Experience in the mortgage servicing industry preferred.

Why work for #teamloanDepot:

  • Aggressive earning potential and 401K with robust company match           
  • Inclusive, diverse and collaborative culture where people from all backgrounds can thrive
  • Work with other passionate, purposeful and customer-centric people
  • Extensive internal growth and professional development opportunities including tuition reimbursement
  • Comprehensive benefits package including Medical/Dental/Vision
  • Wellness program to support both mental and physical health
  • Generous paid time off for both exempt and non-exempt positions

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.