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VP - COMPLIANCE COUNSEL Description/Job Summary

Selene Finance is a multi-line of business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage and a real estate owned company. There are locations in Houston, TX, Jacksonville, FL, Horsham, PA, Salt Lake CIty, UT, and Dallas, TX. Founded in 2007 to address needs in the mortgage industry, we strive to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are attributes we seek in all of our employees. If you want to make a difference, Selene is the place for you!

Summary

Regulatory Compliance Counsel will be responsible for providing legal advice to mortgage servicing operations on all issues involving compliance with new and existing federal and state laws and regulations impacting mortgage servicing, collections activities, state licensing, privacy and UDAAP (Unfair, Deceptive or Abusive Acts and Practices). Regulatory Compliance Counsel will ensure that senior management is promptly made aware of any new laws and regulations or changes to existing laws and regulations that may impact business operations. Compliance Counsel will also oversee state licensing and reporting for the Selene. Regulatory Compliance Counsel will also support Risk and Compliance with the implementation of any changes deemed necessary to ensure ongoing compliance.

Responsibilities

• Ensure all state licenses are obtained and timely renewed including both entity and individual licenses for company and its affiliates
• Oversee the filing of periodic mortgage reports with state regulators for company and its affiliates
• Track and summarize changes to applicable laws and regulations; establish regular meeting cadence to discuss the impact and implementation of new regulatory requirements with Operations and Compliance teams
• Monitor compliance trends and industry developments in all relevant jurisdictions
• Provide legal advice with respect to regulatory questions regarding servicing operations
• Review escalated complaints and provide feedback on draft responses to ensure thoroughness and accuracy in the response; prepare monthly complaint summary and present report to management monthly
• Serve as liaison with state regulators on licensing, escalated consumer complaints and state exam findings
• Provide advice and counseling with respect to federal and state privacy laws
• Provide advice and oversight of Company AML/BSA and OFAC compliance
• Provide legal support for specific projects as deemed necessary
• Provide legal review of company letters to ensure legal and regulatory compliance
• Management and oversight of all client POAs
• Legal review of all vendor contracts
• Management of all related electronic email inboxes to ensure timely and appropriate responses are provided from the legal department
  
  

Job Requirements

• Working knowledge of state mortgage servicing and debt collection regulatory requirements
• Working knowledge of state licensing laws and regulations governing mortgage servicers, debt collectors and mortgage servicing rights
• Possess working knowledge of federal laws and regulations governing mortgage servicing and debt collection practices
• Must be knowledgeable of all state and federal privacy laws, AML/BSA/OFAC requirements for non-bank mortgage servicers, federal bankruptcy code and state foreclosure laws
• Excellent working knowledge of the mortgage servicing industry including performing and non-performing first and second lien loans
• Must be familiar with GSE requirements, Ginnie Mae, HUD, VA and USDA guidelines
  
  

Qualifications

• Juris Doctorate and an active state bar membership in good standing
• Minimum ten years as an experienced regulatory compliance practicing law in-house or with a firm with subject matter expertise in the mortgage industry
• Excellent listening, verbal and written communication skills
• Excellent organization, negotiation, leadership, and creative problem-solving skills, as well as an ability to collaborate and act decisively
• Self-motivated, with an ability to manage multiple, competing priorities
• Strong understanding of Federal and State regulations governing the mortgage industry
• Working knowledge of federal bankruptcy code and state foreclosure laws and practices
• Knowledgeable on state and federal privacy laws, AML/BSA/OFAC laws and regulations
  
  

Why Selene?

Benefits

Selene Finance LP is committed to the total wellbeing of its employees therefore offers one of the best benefits package available in the industry today which include

• Paid Time Off (PTO)
• Medical, Dental &Vision
• Employee Assistance Program
• Flexible Spending Account
• Health Savings Account
• Paid Holidays (10 ½ days off)
• Company paid Life Insurance
• Matching 401(k) Plan
  
  

The job requirement listed above are representative of the knowledge, skill, and/or ability required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene Finance LP reserves the right to amend and change responsibilities to meet business and organizational needs.