Regulatory Research Attorney

Who is DocMagic

DocMagic is the leading provider of fully compliant document generation, automated compliance, eSignature, and comprehensive eMortgage solutions for the mortgage industry. DocMagic has been solving the mortgage industry's toughest challenges with innovative technology solutions since its inception. Founded in 1987, DocMagic has continued to develop award-winning software, mobile apps, and web-based solutions for the production and delivery of compliant loan document packages. DocMagic’s culture is built on values like teamwork, innovation, and collaboration which has been one of the reasons for our continued recognition and reputation for excellence. We are committed to living these values every day.

Why Work at DocMagic

Would you like to have a job where your contributions are valued, and you can truly make a difference? What about working in a collaborative environment with great coworkers in an award-winning office setting that has been recognized for its architecture and interior design? DocMagic was most recently named to the Inc. 5000 list of fastest growing private companies in the U.S. and is continuing to grow! DocMagic was also named to HousingWire’s 2021 Tech100 Mortgage list, which recognizes the mortgage industry’s most innovative and impactful companies as well as was recently honored with Mortgage Professional America (MPA) Magazine’s 5-Star Mortgage Technology Provider Award. We are really doing some incredible, amazing things and looking for someone motivated to be a part of this journey.

Position Summary

The Regulatory Research Attorney provides general legal support to the compliance department and is primarily responsible for the Compliance Edge Newsletter and managing the department’s regulatory change management function. This position will prepare legal documents such as mortgages and promissory notes, and disclosures for consumer and non-consumer lending, including non-residential lending. The position serves as a subject matter expert for the organization for how loans should be made in consideration of applicable federal, state and local laws. In addition, the position may also include work outside of the United States and compliance with foreign laws (which may be learned on the job).

Essential Functions

• Responsible for advising the Chief Compliance officer of legal and/or regulatory changes applicable to operations and coordinating the management of changes throughout the organization and department.
• Monitoring legislature and regulatory agency activity for legal and/or regulatory changes related to the mortgage lending industry.
• Ticketing requests to the appropriate department personnel for legal and regulatory changes.
• Providing guidance and written solutions for use by the Customer Service department in responding to customer inquiries related to compliance matters.
• Providing guidance and training to the Compliance and Customer Service departments in relation to compliance matters.
• Drafting documents to be used by DocMagic clients for mortgage lending.
• Providing written articles for publication in DocMagic's Compliance Edge Newsletter reflecting legal and regulatory requirements for disclosures.
• Testing compliance products published for customer use for accuracy, e.g., compliance matrices and disclosure matrices.
• Completing review of various laws and/or regulations to support launches of new forms, products, or areas of business.
• Providing oversight and guidance to internal department members for execution of legal
• and/or regulatory
• changes.
• Willing to periodically travel for business needs.

Other Skills

• Works in a positive, friendly manner at all times and inspires the company’s culture.
• Must be well-organized, extremely detail-oriented, and willing to take ownership of responsibilities.
• Completes assignments on time or advises in advance of delays.
• Excellent time management, organizational, and communication skills.
• Exercises sound judgment and decision-making skills.
• Works well under time limits, handles multiple tasks concurrently, and prioritizes responsibilities.
• Strong problem-solving skills with the ability to identify and correct situations.
• Takes risks to innovate and create better solutions for the job, department, and the company.

Required Qualifications

• Bar admission preferred but not required
• Five years’ experience in the financial services industry
• Five years of knowledge of legal and regulatory requirements related to mortgage lending activities, specifically knowledge of federal TILA, RESPA, FCRA and HPA requirements, state legal and regulatory requirements as well as investor guidelines, e.g., FNMA/FHLMC, FHA, VA, USDA
• Must build strong working relationships with various personalities within DocMagic, including the ability to communicate well with people at all levels at DocMagic
• Must work well under pressure in a fast-paced environment and meet multiple and sometimes competing for deadlines
• Superior analytical & research skills with the ability to synthesize information needed for preparing documents and disclosures and fielding questions from customers, customer service, etc.…
• Excellent writing and verbal communication skills needed to effectively present information to employees and management as well as communicate with customers and publish articles
• Experience working with Word, Excel, Outlook, and PowerPoint
• Knowledge of non-consumer mortgage lending desired

Other Duties

In addition to performing the essential functions of the job, this position may require other duties as assigned. Duties, responsibilities, and activities may change at any time with or without notice.

#zr