What are the responsibilities and job description for the Legal Intern position at Waterstone Mortgage Careers?
SUMMARY: Kickstart your legal career with hands-on experience supporting a corporate legal team in the mortgage industry. This role focuses on legal research, document review, and organizing contracts and records to ensure compliance and accuracy. You’ll work closely with leadership, gain exposure to real-world regulatory frameworks, and build a strong foundation in legal operations. Ideal for a law student early in their program who is detail-oriented, proactive, and interested in the intersection of law and business. Remote or hybrid options available in Brookfield, WI.
JOB DUTIES:
- Independently conduct comprehensive, end-to-end research projects involving state and federal laws, regulations, and guidance governing residential mortgage lending.
- Assist in the review and preparation of contracts, leases, real estate documents, correspondence, and other legal papers of a routine nature.
- Research and analyze relevant statues, rulings and precedents to be used as a basis for answering requests for legal opinions of a routine or limited scope.
- Assist in the preparation of legal documents necessary for litigation.
- Assist with classification of executed agreements, capturing key metadata (counter-party, renewal triggers, risk flags), and upload finalized documents to company’s contract lifecycle repository; Leverage workflow automations and validation checkpoints to ensure each record is audit-ready, searchable, and aligned with retention policies.
- Perform general clerical duties (i.e. record keeping, opening and closing files, organizing mail, filing, preparing mailings, memorandums, etc.)
- Other duties as assigned.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Additional qualifications:
- Professionalism, candor, and the ability to maintain confidentiality are requirements for this position.
- Ability to interpret and apply laws, rules and regulations relative to work.
- Ability to maintain logical and detailed records, and to prepare reports and correspondence related to work.
- Ability to quickly assimilate oral and written data to analyze facts and draw logical conclusions.
- Ability to complete assigned tasks proactively and efficiently, while maintaining quality and attention to detail;
- Ability to work independently and track deadlines in a fast-paced environment;
- Proficient with Microsoft Office software (i.e. Word, PowerPoint, Excel, Outlook)
- Prior experience with legal software such as LegalFiles, AllRegs, and Westlaw.
EDUCATION and/or EXPERIENCE: Bachelor’s Degree and currently enrolled and in good standing at an ABA-approved law school.
Additional education and/or experience: Prior experience working as a Legal Assistant or Paralegal in the real estate, lending or financial industry a plus.
COMPUTER SKILLS: Proficient at an advanced level in all Microsoft Office products (Word, PowerPoint, Excel, Outlook). Previous experience with legal software such as Legal Files, AllRegs, and Westlaw.
LANGUAGE SKILLS: Excellent grammar and diction. Ability to read and comprehend instructions, correspondence, and memos. Ability to write correspondence, and to communicate information clearly and concisely. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC. Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services. Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.