The Sr Attorney's primary responsibility is to draft, negotiate and finalize documents related to asset purchases and sales transactions, preferably (but not required) loan purchases and sales, mortgage servicing rights sales, and other banking-related mortgage transactions, and draft and negotiate non-disclosure agreements. This includes evaluating the Bank's exposure/risk; determining the business unit's corporate and strategic goals and strategy; coordinating with outside counsel, if used, to implement the transaction consistent with corporate goals; reviewing all transaction documents; acting as liaison between outside counsel and Flagstar's business units; coordinating business unit information needs and ensuring timely distribution of information to outside counsel and business units; evaluating legal strategy for achieving business goals; and reporting on all pending transactional matters. Could include intellectual property matter management responsibilities, working with outside counsel and business units to coordinate strategy and responses.
Manages transactional corporate work involving Flagstar, including asset purchases and sales (preferably, but not required, mortgage purchases and sales, mortgage servicing rights sales) non-disclosure agreements.
Provide support and direction to the corporate paralegals and other attorneys.
Retain and manage outside counsel to represent Flagstar.
Provides legal analysis, exposure analysis and recommendations to senior management on corporate transactional matters.
Provide support to the business units on corporate transactional requirements, review of legal documents and other legal questions.
Prepares corporate transaction workflow reports and information for senior management, and investors.
Support corporate department operational projects, as needed.
Ensure compliance with state and federal laws and regulations affecting the bank, including Dodd-Frank, and consumer protection statutes such as TILA, RESPA, FCRA, and all state laws that impact mortgage lending, mortgage servicing, default servicing and foreclosure requirements.
Juris Doctorate from an ABA-accredited law school.
7+ years of attorney work experience, including corporate transactional experience with law firm and/or corporation (preferably mortgage company or mortgage bank).
Experience with mortgage servicing and/or mortgage related loan purchases and sales preferred but not required.
Member in good standing of bar of state in United States, with ability to become a member of the State Bar of Michigan through corporate affiliation or reciprocity.
Exhibits sound practical judgment.
Proven analytical and organizational skills.
Proven ability to handle projects from inception to conclusion in a timely manner.
Able to multi-task, prioritize and adapt to new demands, and communicate complex ideas in an understandable manner.
Demonstrated verbal and written communication skills with the ability to communicate with all levels of the organization.
Solid problem solving and conflict resolution skills.
Project ownership; takes responsibility for timing and content of project completion.
Understands how concepts interrelate and able to provide the business units analysis and recommendations on a timely basis.
Willingness/ability to work weekends and/or evening hours as required by business need.
For Internal Use Only: Job Band D