Remote Mortgage Product Counselor

Summary

Join Wealthfront's Legal team as a Mortgage Product Counsel to provide legal advice and support on mortgage origination, servicing, and default management, ensuring compliance with federal and state laws.

Requirements

• 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

Responsibilities

• 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)
• Provide guidance on RESPA compliance, including anti-kickback rules, referral fees, and disclosures
• 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
• Support transactional matters involving mortgage origination, loan modifications, and assignments, and assist with contract review and negotiation
• 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
• 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
• 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

Preferred Qualifications

• 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