Bachelor's Degree preferred; 5+ years in legal/compliance within the mortgage industry.
Experience in policy formulation and strategy development.
Strong ability to analyze and interpret contracts and agreements.
Excellent written, verbal, and interpersonal communication skills.
Solid understanding of risks in residential mortgage loan origination.
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook, Teams).
Ability to interpret data and apply basic to intermediate math skills.
Responsibilities
Assist corporate counsel with drafting and reviewing legal documents related to mortgage lending.
Review and administer various business contracts, ensuring compliance with laws and regulations.
Ensure marketing agreements and loan documents meet federal and state compliance standards.
Develop and update compliance policies and training materials to reflect current regulations.
Coordinate third-party service reviews to align with marketing objectives and compliance requirements.
Manage onboarding of marketing partners and provide training on compliance processes.
Compile and analyze compliance data to support audits and ongoing assessments.
Benefits
Comprehensive training and development opportunities.
Supportive work environment with a focus on compliance and regulatory adherence.
Opportunities for career progression within the company.
Access to industry publications and resources for professional growth.
Full Job Description
Description
Position at loanDepot
Position Summary:
Responsible for assisting and providing a range of legal support and administration to attorneys, clients and other legal practitioners. Performs different clerical and administrative tasks that need extensive knowledge of mortgage industry, legal terms, procedures and documents. Responsible for assisting in the review of regulatory and legislative requirements as they apply to residential mortgage lenders. Provides guidance to senior leadership on the application of those requirements within the business model and the implications to the business of those requirements. 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:
Assists corporate counsel with drafting, reviewing, revising, and researching legal and regulatory documents, including mortgage lending laws and related compliance requirements.
Reviews, prepares, and administers marketing agreements, office space agreements, vendor agreements, and other business contracts; provides guidance to business partners, coordinates internal approval processes, and finalizes agreements for execution.
Ensures marketing agreements, RESPA partnerships, disclosures, loan documents, and related business arrangements comply with applicable federal, state, investor, and agency laws, regulations, policies, and company standards.
Assists with the development, maintenance, and updating of compliance-related policies, procedures, training materials, and internal websites to reflect current regulatory, legislative, and business requirements.
Coordinates third-party valuation and service reviews in partnership with business stakeholders to align services with marketing objectives while adhering to company policies and regulatory requirements.
Manages marketing partner onboarding activities, delivers training on compliance and invoice review processes, and serves as a primary liaison throughout the agreement lifecycle, including renewals, amendments, and terminations.
Reviews monthly documentation submissions and uploads to verify compliance with policy, procedural, and regulatory requirements.
Compiles, prepares, reviews, and submits documentation related to RESPA partnerships and regulatory filings with agencies, investors, warehouse providers, and other external stakeholders, including FNMA, FHLMC, HUD, VA, and GNMA.
Compiles, analyzes, and reports on partnership and compliance data; supports audits, monitoring activities, and ongoing assessments to ensure continued compliance with applicable laws and regulations.
Researches, analyzes, and assesses proposed regulatory, legislative, and industry developments; provides guidance to management regarding potential impacts, risks, opportunities, and required business actions.
Monitors industry publications, regulatory guidance, and market developments to identify emerging compliance risks, regulatory changes, and business implications.
Performs additional regulatory, compliance, and legal support duties and special projects as assigned by senior management.
Performs other duties and projects as assigned.
Requirements:
Bachelor's Degree preferred minimum of five (5) years' experience in legal and/or compliance in the mortgage industry.
Experience in formulating policy and developing and implementing new strategies and procedures.
Ability to analyze and interpret agreements/contracts.
Professional written, verbal and interpersonal skills.
Solid understanding of the risk elements associated with the origination of residential mortgage loans
Travel
Proficient with Microsoft Office applications: Word, Excel, PowerPoint, Outlook, and Teams.
Ability to interpret data and apply basic to intermediate math skills.
Exceptional verbal, written and interpersonal communication skills.
Solid problem-solving skills with a practical, solution-focused approach.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $34.62/hr and $47.60/hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
About loanDepot
LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products. In 2015, the company claimed to be the second largest non-bank provider of direct-to-consumer loans in the United States.
LoanDepot was founded in 2010 by entrepreneur Anthony Hsieh, who had previously founded mortgage companies LoansDirect.com which he sold to E*Trade, and HomeLoanCenter.com, which he sold to LendingTree. The company's products at the time included fixed rate, jumbo, FHA and home equity loans, in addition to more controversial adjustable-rate mortgages and negative amortization products.
In November 2015, the company postponed a planned IPO, citing poor market conditions.
In March 2017, the company introduced technology to automate the loan process, allowing customers to apply for a mortgage without talking to a loan officer.
In January 2018, the company announced two products as part of its technology platform, now called Mello, a home improvement unit to allow contractors to offer financing to customers, and Mello Home, a platform to connect pre-approved buyers to realtors.
In September 2019, the company partnered with Century 21 Redwood Realty to form a new mortgage platform for the mid-Atlantic area, Day 1 Mortgage.
loanDepot went public on the New York Stock Exchange on February 11, 2021 under the ticker symbol LDI.
