Wealthfront, a leading consumer fintech and pioneer of the robo-advisor industry, is currently seeking a talented Mortgage Product Counsel to join its Legal team. We are seeking a skilled Counsel with significant experience in mortgage law, RESPA (Real Estate Settlement Procedures Act) compliance, and loan officer regulations. This role will provide legal advice and support to our company, ensuring compliance with federal and state laws related to residential lending, mortgage origination, and consumer protection. The ideal candidate will bring a deep understanding of the regulatory landscape governing mortgages and possess strong expertise in managing risk, compliance, and litigation.
Key Responsibilities:
- Mortgage Law Compliance: Advise on legal matters related to mortgage origination, servicing, and default management. Ensure adherence to federal and state mortgage laws and regulations, including the Truth in Lending Act (TILA) and the Equal Credit Opportunity Act (ECOA).
- RESPA Expertise: Provide guidance on RESPA compliance, including anti-kickback rules, referral fees, and disclosures. Ensure that company practices align with RESPA requirements and mitigate legal risks.
- Loan Officer Regulation: Offer legal advice on the licensing and activities of loan officers, including adherence to the Nationwide Multistate Licensing System (NMLS) and compliance with state-specific loan officer regulations.
- Transactional Support: Support transactional matters involving mortgage origination, loan modifications, and assignments, and assist with contract review and negotiation.
- Litigation & Risk Management: Handle or oversee litigation related to mortgage origination and servicing. Assess risk and recommend strategies to mitigate legal exposure, especially regarding consumer complaints and regulatory audits.
- Training & Policy Development: Develop training programs for loan officers and staff on mortgage regulations and consumer protection laws. Assist in drafting and updating internal policies to comply with new or changing regulations.
- Regulatory Monitoring: Monitor changes in mortgage-related regulations at the federal and state level, such as updates from the Consumer Financial Protection Bureau (CFPB), and provide proactive guidance on how these changes impact business operations.
Qualifications:
- Juris Doctor (JD) degree from an accredited law school and active bar membership.
- Minimum 5+ years of legal experience, preferably in mortgage, consumer finance, or real estate law.
- Deep knowledge of RESPA, TILA, ECOA, and other mortgage-related federal and state laws.
- Experience advising on loan officer compliance and NMLS regulations.
- Strong understanding of the secondary mortgage market and loan servicing.
- Excellent communication, negotiation, and legal writing skills.
- Ability to manage multiple legal matters simultaneously and provide strategic business advice.
Preferred Qualifications:
- Previous in-house legal experience in the mortgage or financial services industry.
- Experience with CFPB examinations and enforcement actions.
- Familiarity with e-mortgage and digital closing platforms.
About Wealthfront
Wealthfront started with the ambition to transform the investment advisory business, with the goal to unlock access to high quality investment advice for millions who were underserved by the traditional institutions. We built one of the first automated investment products that allows you to invest in a personalized portfolio of thousands of companies in seconds for a remarkably low fee. We then expanded. We now work with partner banks to offer exceptional banking features through a Wealthfront Brokerage Cash Account, which makes it remarkably easy for people to automate their finances end-to-end and eliminated the hassle of money management, all of which resulted in attracting more than $70 billion of our client’s hard earned money, pioneering the robo-advisor category and transforming the broader industry. And yet, we have a long way to go to achieve our mission to build a financial system that favors people, not institutions.
Wealthfront’s vision is to make it delightfully easy to build long-term wealth on your own terms. This vision is more relevant than ever because millions more people are getting into the market early and investing their hard earned savings in a handful of stocks. While this is a great way to start, it is inconsistent with building long-term wealth. We want to empower young investors to expand their horizon, and easily explore and execute on a wider range of investing strategies, make informed investment decisions that are consistent with their values and beliefs while also making it effortless to grow and compound their savings exponentially in a way that’s transformational to their lives and their long-term future.
For more information please visit www.wealthfront.com.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Please review our candidate privacy notice.
What We Do
Wealthfront is a nextgen banking service. We help you manage your money for both your short-term and long-term goals by providing a Cash Account with checking features and high interest, best-in-class automated investment management, and free financial advice, anytime you want it. We entered into the banking space in a big way this year with the launch of our cash account that offers an interest rate 5x greater than the national average. We’ve been overwhelmed by the response and have grown nearly 100% this year already to manage nearly $20 billion in total client assets.
Our ultimate vision is to optimize and automate all of our clients’ finances and build what we call Self-Driving Money™️. We want clients to be able to automatically deposit their paycheck into their Wealthfront account, and let us take care of the rest — paying their bills, topping off their emergency fund or 401(k), and investing the rest based on their specific goals and lifestyle. Join us so you can help us turn this industry on its head and build a service that our clients don't just like, they love.
Wealthfront integrates investing and banking services to make it delightfully easy to build long-term wealth. We're on a mission to build a financial system that favors people over institutions and we're just getting started. Through the power of automation, we deliver personalized, powerful products to help both sophisticated investors and those just starting out learn, lower their costs, and grow their wealth. We're one of the highest rated financial app in the Apple App Store and have been recently named the best robo-advisor and cash management accounts by Nerd Wallet and Investopedia.
Want to help us re-architect the financial industry?
