Pine River Capital Management

  • Corporate Counsel, Mortgage Compliance - Two Harbors

    Job ID
    2018-1909
    # Positions
    1
    Experience (Years)
    3
    Category
    Two Harbors - Legal
  • Overview

     Two Harbors Investment Corp.

     

    Two Harbors Investment Corp. is a publicly traded mortgage real estate investment trust, or REIT. Our objective is to provide an attractive risk-adjusted total return to our stockholders over the long-term through dividends and capital appreciation. Our mission is to be recognized as the industry-leading mortgage REIT.  We take an opportunistic investment approach to the residential mortgage sector, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

    Two Harbors today is the largest hybrid mortgage REIT with a market capitalization of over $3 billion. Two Harbors is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P.  Two Harbors trades on the NYSE under the ticker symbol “TWO”.

     

    Position Description:

     

    We are seeking a consumer finance regulatory attorney to join the growing team of legal professionals dedicated to supporting Two Harbors. The position is housed within the Mortgage Compliance Group in Two Harbors’ Legal Department and reports to Two Harbors’ Mortgage Compliance Officer.  The role is responsible for providing regulatory compliance support to the company’s business initiatives, including the servicing oversight activities related to its ownership and management of a portfolio of mortgage servicing rights (“MSR”), as well as oversight and management of related non-routine loan-level litigation.  A successful candidate must be detail-oriented with excellent communication skills and the ability to work independently while managing multiple priorities and deadlines. Experience in regulatory compliance and loan-level litigation relating to mortgage loan servicing or consumer finance regulation is strongly preferred.  Familiarity with government-related entity programs (Fannie Mae, Freddie Mac, HUD/FHA) is a plus.

     

    Responsibilities

    • Providing regulatory compliance support for the business initiatives and strategic objectives of Two Harbors, including the servicing oversight group and the conversions team;
    • Assisting the Mortgage Compliance Group with continuous evaluation and development of the Company’s Compliance Management Program, including subservicer monitoring and oversight program;
    • Providing guidance to remediate any identified gaps in internal or subservicer compliance controls (including policies & procedures, processes, monitoring & oversight and training) resulting from changes in regulatory requirements or changes in business operations;
    • Researching and providing guidance on regulatory       compliance issues that arise from subservicer monitoring, testing, compliance management system reviews, loan-level reviews, consumer complaints and new products and processes;
    • Collaborating with other members of the Mortgage Compliance Group to identify regulatory changes, emerging compliance issues and best practices and to analyze, communicate and provide guidance on changes to regulatory requirements and their impact on internal or subservicer processes, policies and procedures;
    • Providing support and guidance to Mortgage Compliance Group and business areas with respect to regulatory change management and maintenance of the regulatory rules database to ensure that policies, procedures and processes comply with applicable regulations;
    • Maintaining strong current knowledge of federal and specific state mortgage servicing-related regulations, emerging trends in the industry and developments in regulator expectations;
    • Oversee and, as needed, manage non-routing loan-level litigation related to the MSR portfolio;
    • Assisting with state regulatory compliance and licensing matters;
    • Assisting with drafting and maintaining mortgage compliance-related policies and procedures;
    • Assisting with developing and delivering mortgage compliance training on specific topics;
    • Assisting with preparation for and responding to regulatory exams;
    • Maintaining a strong and effective working relationship with the Servicing Oversight and Conversions groups.

    Qualifications

    • Strong academic credentials from nationally recognized schools (college/university and law school);
    • Minimum 3 years of relevant experience with a leading law firm or corporate legal department
    • Strong legal and technical skills in regulatory review, analysis and interpretation;
    • Demonstrated ability to handle sensitive and confidential information;
    • Excellent communication and interpersonal skills; ability to establish personal credibility and demonstrate expertise ;
    • Ability to independently complete multiple time-sensitive tasks;
    • Demonstrated experience working effectively in a fast-paced, dynamic and complex environment;
    • Excellent attention to detail is a must;
    • Strong intelligence, education, experience, work ethic and character;
    • Versatility, maturity and ability to work both independently and as part of a team; and
    • Excellent oral and written communication skills.

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