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Senior Paralegal

Charlotte, North Carolina;

Job Description:

Performs highest level of substantive legal based services; uses advanced skills developed through substantial experience in a specialized area and is a relied upon resource for complex matters. Regularly uses discretion and independent judgment in matters of consequence to the Bank and its clients. Interacts with Outside Counsel and internal clients with minimal supervision. Recognized as a subject matter expert within their practice group. Trains junior paralegals in area of specialty as needed. Requires four year degree or paralegal degree/certificate or relevant business experience.

Supporting Consumer Mortgage Servicing Operations clients, the Senior Paralegal will:

Utilize working knowledge of applicable laws related to the servicing of residential mortgage loan products such as Reg. Z, TILA, Reg X, RESPA, Reg B, ECOA, FHA, UDAAP, includiing OCC, FTC, CFPB and other agency guidance (including GSE mortgage servicing reuirements), etc.  Spot issues, work with compliance and risk to assess risk posed by mortgage servicing processes and practices, guide the line of business in how to service consumer residential mortgage loans in a compliant manner.

Develop and execute routines for keeping the legal team informed of applicable regulatory changes. Establish alerts and research tools to identify proposed, pending and newly passed legislation, determining whether there is impact to the residential mortgage loan servicing line of business, and, if necessary, preparing a summary.  On a routine or as needed basis, prepare memos and logs to be circulated to inform the legal team and the lines of business of any new, amended, or revised laws or regulations.  Assist attorneys and compliance to determine if the Bank’s lines of business are partaking in behavior that could be implicated by consent orders or other regulatory actions involving other lending institutions.

Work collaboratively with attorneys to assist in projects as they arise from time to time—this many include coordinating meeting routines, determining stakeholders, keeping notes and records of project status, conducting and summarizing legal or factual (e.g. Bank files/notes/ databases) research, helping manage Bank’s response to customer escalations.  

Required Skills & Experiences:

  • Demonstrates excellent written and verbal communication skills.
  • 5+ years paralegal or other related experience, preferably in the area of home loans or the financial industry.
  • Familiarity with the products and processes of mortgages and financial institutions. 

Desired Skills & Experiences:

  • High level of familiarity with residential mortgage servicing  and related laws preferred, such as RESPA, TILA, UDAAP and fair lending laws.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Performs highest level of substantive legal based services; uses advanced skills developed through substantial experience in a specialized area and is a relied upon resource for complex matters. Regularly uses discretion and independent judgment in matters of consequence to the Bank and its clients. Interacts with Outside Counsel and internal clients with minimal supervision. Recognized as a subject matter expert within their practice group. Trains junior paralegals in area of specialty as needed. Requires four year degree or paralegal degree/certificate or relevant business experience.

Supporting Consumer Mortgage Servicing Operations clients, the Senior Paralegal will:

Utilize working knowledge of applicable laws related to the servicing of residential mortgage loan products such as Reg. Z, TILA, Reg X, RESPA, Reg B, ECOA, FHA, UDAAP, includiing OCC, FTC, CFPB and other agency guidance (including GSE mortgage servicing reuirements), etc.  Spot issues, work with compliance and risk to assess risk posed by mortgage servicing processes and practices, guide the line of business in how to service consumer residential mortgage loans in a compliant manner.

Develop and execute routines for keeping the legal team informed of applicable regulatory changes. Establish alerts and research tools to identify proposed, pending and newly passed legislation, determining whether there is impact to the residential mortgage loan servicing line of business, and, if necessary, preparing a summary.  On a routine or as needed basis, prepare memos and logs to be circulated to inform the legal team and the lines of business of any new, amended, or revised laws or regulations.  Assist attorneys and compliance to determine if the Bank’s lines of business are partaking in behavior that could be implicated by consent orders or other regulatory actions involving other lending institutions.

Work collaboratively with attorneys to assist in projects as they arise from time to time—this many include coordinating meeting routines, determining stakeholders, keeping notes and records of project status, conducting and summarizing legal or factual (e.g. Bank files/notes/ databases) research, helping manage Bank’s response to customer escalations.  

Required Skills & Experiences:

  • Demonstrates excellent written and verbal communication skills.
  • 5+ years paralegal or other related experience, preferably in the area of home loans or the financial industry.
  • Familiarity with the products and processes of mortgages and financial institutions. 

Desired Skills & Experiences:

  • High level of familiarity with residential mortgage servicing  and related laws preferred, such as RESPA, TILA, UDAAP and fair lending laws.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21060042

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jana Murdocca

Referral Bonus:

0