Paralegal

Description

As a member of the Legal and Compliance Department team, the Paralegal is responsible for assisting with various Legal and Compliance functions, including (i) the review of borrower documentation, to aid the company in meeting its AML/KYC and corporate authority review requirements, (ii) creating, modifying or customizing loan related documentation and templates, (iii) assisting with corporate maintenance and recordkeeping, and (iv) assisting in the development, maintenance, monitoring and enforcement of an effective compliance program, as required by applicable ethical and regulatory requirements.

• Maintain internal corporate records for various business entities and coordinate with registered agent vendor to ensure timely and accurate filing of business forms and reports.
• Research Secretary of State websites to verify entity status prior to loan funding.
• Assist in preparation of regular reporting and tracking of legal and compliance issues and initiatives.
• Upload information as needed to the appropriate technology system.
• Monitor and ensure appropriate and accurate completion of Customer Identification Program (CIP) and Customer Due Diligence (CDD) for new clients.
• Track legal and regulatory developments and adopt industry best practices.
• Act collaboratively with business partners to answer questions, and/or assist in arriving at the most effective and efficient resolution to comply with regulations and mitigate risk.
• Maintain and update department procedures for AML program related duties.
• Run background reports and review for compliance issues, credit concerns and legal issues. Research issues through various investigative tools and sources to vet out mispins and assess the probability of actual customer matches. Provide additional documentation for escalations to Compliance, Credit or Legal. Significant discretion is required for this due diligence function.
• Review and chart entity relationships, including complex legal structures involving multiple entities, investors, lenders and equity incentive holders.
• Ensure document templates and records are securely stored in the company’s system.
• As appropriate, bring compliance issues to the attention of Compliance Officers and assist in designing and coordinating corrective action.
• Assist the team in developing and enhancing the company’s legal and compliance programs to meet legal and regulatory requirements by creating and implementing internal control systems, policies and procedures to prevent or deal with violations of legal guidelines, internal policies, and contracts.
• Coordinate changes to policy and procedural documents and related processes required as a result of changes to laws and regulations.
• Stay abreast of pertinent regulatory and compliance issues and ensure adherence with related laws and regulations.
• Create, modify or customize loan-specific documents and document templates, including but not limited to: Loan Agreements, Notes, Deeds of Trusts, Loan Agreement addendums, pledge agreements, Notices of Default, Non-disclosure agreements, cross-collateralization agreement.
• Set up and review alerts on updates to background reports.
• Protect all customer information and institution assets and comply with privacy and acceptable use policies.
• Review and interpret borrower documentation, including but not limited to organizational documents, to ensure the company understands entity ownership and management for AML program and corporate authority review purposes.

Requirements

• Bachelor’s Degree from four-year college or university.
• Able and willing to handle a variety of tasks across a broad range of substantive areas and to learn new areas quickly.
• Understanding of requirements to form corporations, partnerships and limited liability companies in any state.
• Working knowledge of Regulatory Compliance laws, as well as underwriting guidelines.
• Proficient in Microsoft Office products with an emphasis on Excel, Word, Outlook.
• Minimum 3-5 years’ experience in a paralegal or similar role, working closely with legal.
• Excellent analytical, time management and organizational skills and ability to manage multiple tasks concurrently and self-prioritize workload to meet deadlines.
• Experience in a mortgage, title, real estate or other related financial services environment.
• Excellent written and verbal communication and interpersonal skills, self-motivated/results-oriented, with the ability to function effectively within a team environment.
• Understanding of the mortgage banking business and related underwriting processes.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance