What are the responsibilities and job description for the Mortgage Lending Compliance Attorney (In-House) position at Cake Mortgage Corp?
CAKE Mortgage is a cutting-edge wholesale mortgage lender specializing in Non-QM products. We're redefining the lending experience with innovative programs, streamlined processes, and a commitment to speed and precision. As we grow, we're looking for forward-thinking professionals who thrive in fast-paced, collaborative environments.
The Mortgage Lending Compliance Attorney is responsible for providing legal counsel and regulatory compliance support related to mortgage lending activities. This role ensures the organization's mortgage products, policies, procedures, and practices adhere to all applicable federal and state laws, including but not limited to TILA, RESPA, ECOA, HMDA, FCRA, and TRID. The attorney serves as a subject matter expert, advising internal stakeholders and mitigating risk through proactive compliance strategies.
Key Responsibilities:
- Ensure compliance with federal and state laws and regulations related to mortgage lending, including but not limited to:
- Truth in Lending Act (TILA)
- Real Estate Settlement Procedures Act (RESPA)
- Equal Credit Opportunity Act (ECOA)
- Fair Credit Reporting Act (FCRA)
- Home Mortgage Disclosure Act (HMDA)
- Ability-to-Repay (ATR) / Qualified Mortgage (QM) and Non-Qualified Mortgage (Non-QM) rules
- Dodd-Frank Act and TRID guidelines
- Interpret and provide guidance on regulatory changes impacting mortgage lending operations. Assist in implementing necessary changes to policies, procedures, and systems.
- Identify legal and regulatory risks and propose strategies to mitigate them. Work closely with compliance, risk management, and internal audit teams.
- Draft, review, and revise lending policies, procedures, disclosures, and forms to ensure legal and regulatory compliance.
- Provide legal advice and support on day-to-day operations.
- Assist in preparing for and responding to regulatory examinations, internal audits, and external reviews.
- Review and negotiate contracts with vendors related to mortgage lending operations to ensure regulatory compliance.
Requirements:
- Juris Doctor (JD) degree from an accredited law school.
- Licensed to practice law in at least one U.S. jurisdiction.
- 5 years of legal experience with a focus on mortgage lending and consumer finance compliance.
- Strong understanding of mortgage lending processes, products, and relevant regulatory frameworks.
- Experience working in a financial institution, mortgage company, law firm, or regulatory agency.
- Excellent legal research, analytical, and communication skills.
- Ability to manage multiple priorities and meet tight deadlines.
- Experience working with regulatory agencies (e.g., CFPB, OCC, FDIC, state regulators) is a plus.
Why Join CAKE Mortgage?
- Be part of a fast-growing company changing the game in Non-QM.
- Competitive compensation and performance-based bonuses.
- Collaborative and entrepreneurial culture.
- Opportunities for career advancement and innovation.
Cake Mortgage does not tolerate discrimination of any type. Cake Mortgage offers equal employment opportunity to all qualified persons without regard to race, age, color, religion, sex/gender, gender identity, sexual orientation, marital status, medical condition, military or veteran status, national origin, ancestry, disability, or any other considerations made unlawful by Federal, State, or Local law. Cake Mortgage provides eligible and qualified employees with opportunities to advance. Cake Mortgage is an at will employer. Cake Mortgage is committed to providing employees with a work environment free of discrimination and harassment.
