Senior Regulatory Counsel

This is a fully remote position, open to applicants in United States.

📋 Description

• Conduct research and analysis of federal and state laws and regulations that impact CCM’s business operations.

• Offer legal counsel and recommendations to leadership and business stakeholders.

• Draft legal memoranda and detailed analyses on intricate regulatory and compliance issues.

• Interpret new and revised regulatory requirements and assess their relevance to CCM.

• Collaborate with the regulatory change implementation team on impact assessments and communication regarding regulatory updates.

• Aid in the implementation of regulatory changes, which includes updating policies and procedures.

• Review and address escalated legal and compliance issues.

• Assess borrower rescission requests and provide guidance on necessary actions and timelines.

• Offer advice on post-closing compliance issues, corrective actions, cures, and remediation efforts.

• Assist with power-of-attorney and trust evaluations for loan transactions.

• Manage and prioritize legal and compliance issues related to origination.

• Translate legal and regulatory requirements into risk-based business guidance.

• Transform regulatory requirements into business and system specifications, controls, and processes for platforms such as Encompass, Mavent, and others.

• Oversee, train, and mentor a junior attorney.

• Collaborate with the EVP, Regulatory Counsel on complex regulatory issues and business challenges.

• Keep the EVP, Regulatory Counsel updated on significant issues, emerging risks, and priorities.

⛳️ Requirements

• Juris Doctor (J.D.) degree.

• Active bar license in good standing in at least one U.S. jurisdiction.

• More than 5 years of experience in legal or regulatory compliance within mortgage lending or financial services.

• Proven experience in interpreting regulatory changes and advising on their application.

• Preferred experience in supervising or mentoring attorneys or compliance professionals.

• In-depth knowledge of mortgage origination laws and regulations, including TILA/Regulation Z, RESPA/Regulation X, ECOA/Regulation B, HMDA, FCRA, the SAFE Act, UDAAP, and state lending and licensing requirements.

• Advanced skills in legal research, analysis, and writing.

• Ability to translate regulatory requirements into operational and technological specifications.

• Strong communication, strategic thinking, and problem-solving abilities.

• Sound judgment for effectively managing a high volume of cases and competing deadlines.

• Excellent collaboration and organizational skills.

• Experience with loan origination systems, preferably Encompass.

• Familiarity with compliance technology such as Mavent.

🏝️ Benefits

• Competitive compensation package.

• Medical insurance coverage.

• Dental insurance coverage.

• Vision insurance coverage.

• 401(k) retirement plan.

• Short-term disability provided by the company.

• Employee assistance program.

• Wellness program.

• Comprehensive benefits package.