Legal Associate - Residential Mortgage Warehouse Lending

We are seeking an Associate-level Legal candidate to provide dedicated support to a high-performing Mortgage Finance group within a premier global investment bank in New York City.  The group provides warehouse lending facilities to residential mortgage loan originators and private equity firms acquiring residential loan portfolios.


As a member of the Mortgage Finance group you will manage the full breadth of legal activities associated with the origination and asset management of new and existing warehouse lines.  You will also be responsible for continuous monitoring of facilities to ensure on-going compliance with internal bank credit policy, facility documentation and external regulatory requirements.

Responsibilities:

  • Preparing waivers and amendments, as needed.
  • Preparing NDAs & Confidentiality Agreements.

  • Working with external counsel to prepare all docs that are not prepared in-house (i.e., new client documents, renewal of facilities, custodial agreements, etc.).

  • Preparing and sending committee approval requests for new facilities and amendments; track approvals and distribute final sign-off from all committee members; prepare and send monthly report of all approvals for the current month.

  • Coordinating the obtaining of required signatures on transaction documents and keeping track of, and uploading to the shared drive, all documents that are executed.

  • Updating and distributing client renewal timeline spreadsheet, which includes process dates (i.e., providing application to client, preparing credit memo, performing on-site diligence, etc.) to the team on a weekly basis to ensure that all expiration deadlines are met.

  • Distributing final documents to appropriate distribution lists and ensuring electronic copies are maintained.

  • Complying with all internal policies and applicable mandated regulations.

  • Preparing minutes of weekly team meeting and distributing to team.

  • Preparing minutes of weekly pipeline meeting and distributing to all attendees.

  • Overseeing outside counsel legal billing to ensure that invoices are correct and are paid in a timely manner, and preparing weekly report of all outstanding invoices and providing to Group Head.

  • Preparing weekly tracker of all tasks/assignments on which each team member is working, as well as all waivers and outstanding financial covenant reports, and providing to Group Head.

  • Participating in meetings and phone calls regarding various facilities, as required.

  • Performing QC of presentations, and providing assistance on special projects, as necessary.

  • Meeting weekly with Group Head to review the various reports and to discuss upcoming issues and deadlines that need to be addressed.

 

Experience required: 

  • Have knowledge of and experience in mortgage finance
  • Have minimum 2-3 years work experience as an attorney
  • Have excellent analytical and communications capabilities

 

About Situs

Since 1985, Situs has been the premier, global provider of end-to-end commercial real estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, primary and special servicing, and creative staffing solutions.

We are an equal opportunity employer (m/f/d/v).

This Employer Participates in E-Verify

EOE/M/F/D/V


#LI-KS1

#LI-POST


Job Location: New York, New York, United States
Date published: 5-Apr-2017
Share with: Facebook LinkedIn Twitter Google Plus Viadeo