Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
 
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
 
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
 
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
This job is responsible for providing legal counsel on Consumer Mortgage origination related products, services, and regulatory matters. Key responsibilities include reviewing mortgage documents, interpreting state and federal laws and regulations, performing legal research, responding to loan level transactional inquiries, and communicating legal advice to internal partners. Job expectations include directing the work of outside counsel on related matters and coordinating the work of Paralegals or other Legal staff.

Responsibilities:

Analyzes legal issues and implications on consumer mortgage origination products, services, third-party vendors, and federal and state regulatory mattersCommunicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadershipInterprets rulings, laws, and regulations from a compliance and business control standpointDrafts and reviews, mortgage documents, analyzes loan files for complaint resolution, and reviews digital and marketing collateralGathers, assesses, and evaluates information from various sources to make a judgment or assist the business with a strategic or risk assessmentSupports company responses to government agency examinations and investigations, enforcement actions, and private complaints, and litigation.

Skills:

Interpret Relevant Laws, Rules, and RegulationsAdvisoryLegal Drafting and WritingCritical ThinkingPolicies, Procedures, and GuidelinesProblem SolvingRegulatory ComplianceIssue ManagementDecision MakingInfluenceLegal Structures and Legal FormsAttention to DetailStakeholder ManagementCollaboration

Required Qualifications:

Juris doctorate and active bar license in at least 1 state (preferably Texas)5+ years of related experience handling mortgage origination and regulatory matters in a law firm, regulatory agency or in-housePrior experience handling Texas homestead and home equity lending matters

Desired Qualifications:

Prior experience of working in or with Financial Services institutions, particularly on  mortgage bankingFederal regulatory experience (HMDA/TRID), as well as digital expertise (E-SIGN/AI), and mortgage operations/product and pricing knowledge

Shift:

1st shift (United States of America)

Hours Per Week: 

40