Provides legal counsel on mortgage lending, servicing, compliance, and regulatory matters. Conducts legal research, monitors federal and state regulations, tracks foreclosure and default matters, evaluates resolution processes, and develops jurisdiction-specific legal playbooks. Advises internal stakeholders on bankruptcy, title issues, guaranty enforcement, loss mitigation, receivership, arbitration, and related risks. The role requires an attorney licensed in the relevant jurisdiction, mortgage law experience, and regular in-office work in downtown Chicago.
Associate Attorney
Who We Are
Position Summary
Responsibilities
What We Look For
Renovo Financial is a dynamic and fast-growing private lender and mortgage servicer based in Chicago, dedicated to partnering with real estate investors who acquire and renovate single and multi-family residential properties. We take pride in delivering exceptional support to our clients, guiding them seamlessly from loan application to pay off with a commitment to unparalleled service. Our focus on reliability and a “win-win” approach has earned us an industry-leading repeat and referral rate, reflecting the strong relationships we build with our clients.
The Associate Attorney will play a crucial role in providing legal counsel and support to our organization in matters related to mortgage lending, compliance, and regulatory affairs. You will collaborate with various departments to advise the company on legal risks and to ensure adherence to applicable laws, regulations, and internal policies. The ideal candidate possesses strong analytical skills, an eye for detail, understanding of mortgage industry regulations, and the ability to communicate effectively with diverse stakeholders.
Legal Advisory and Regulatory Compliance
- Provide strategic legal counsel and guidance to internal stakeholders on complex mortgage lending, servicing, compliance, and regulatory matters affecting business operations and growth initiatives.
- Conduct comprehensive legal research and analysis on evolving financial regulations, emerging case law, and regulatory guidance.
- Proactively monitor and interpret industry regulations, procedures, and controls to ensure alignment with federal, state, and local regulatory requirements.
- Take internal ownership for tracking contested foreclosure and other default matters, including borrower bankruptcy, guaranty pursuit, complex title matters, and loss mitigation strategies and documentation, through active review of case files and documentation, with a focus on ensuring adequate reporting infrastructure and elevating these matters within regular default and foreclosure meeting cadences.
- Lead a structured review of foreclosure and other default resolution processes and timelines across jurisdictions, identifying gaps between projected and actual timelines and assessing the quality and alignment of communications between foreclosure processors and outside counsel, including evaluation of whether pre-foreclosure, foreclosure, or other default resolution methods require modification.
- Develop and maintain jurisdiction-specific playbooks addressing judicial versus non-judicial proceedings, guarantor recourse strategy, receivership pursuit, borrower bankruptcy strategy, complex title matters, loss mitigation strategies and documentation, and arbitration considerations and monitor ongoing adherence to those playbooks.
Be the Culture
- Bring Renovo’s values to life through your actions, choices, and commitment to a shared purpose.
- Must be a licensed attorney with a Juris Doctor degree from an accredited law school
- At least 5+ years’ experience years of experience practicing law in the mortgage industry or related field
- At least 3 days in office in downtown Chicago
- Strong understanding of federal and state mortgage regulations
- Residential or commercial mortgage loan foreclosure and default resolution experience
- Strong written and verbal communication skills, with the ability to explain complex legal concepts to non-legal stakeholders
- High attention to detail and organizational skills, especially in managing contracts and compliance documentation
At Renovo, we’re building a team that reflects a wide range of backgrounds, perspectives, and skills because we believe diverse voices make us stronger. We’re proud to be an equal opportunity employer and welcome applicants of all identities and experiences.
Renovo Financial Chicago, Illinois, USA Office
222 West Adams St., #3150, Chicago, IL, United States, 60606
Similar Jobs
Legal Tech • Professional Services • Real Estate
Manage property valuation appeal cases for clients, including analyzing property valuations, identifying tax savings, preparing projections and budgets, negotiating with assessing jurisdictions, presenting appeals, communicating with clients and prospects, settling claims, and reviewing invoices. The role requires a Juris Doctor, state bar admission, strong analytical and communication skills, and an undergraduate GPA of at least 3.0.
Legal Tech
Associate Attorney supporting trial and defense litigation matters, including catastrophic injury, commercial litigation, premises liability, bad faith, fraud, class actions, mass torts, and transportation cases. Responsibilities include analyzing insurance policies, drafting coverage opinions, conducting legal research, preparing pleadings, motions, briefs, discovery, and correspondence, and attending depositions, hearings, and mediations. The role requires Illinois Bar admission, strong legal writing and communication skills, litigation experience, and the ability to manage multiple priorities.
Professional Services • Financial Services
Negotiates and communicates with opposing counsel, consumers, and authorized parties regarding account resolutions. Maintains case files, litigation records, correspondence, and compliance with court deadlines and procedures. Uses case and document management systems to track matters and organize documents. Requires sound judgment, strong written and oral communication, discretion, and independent handling of time-sensitive assignments. A Juris Doctorate and Illinois bar admission are required; collections law experience and additional state licenses are advantageous.
Top Skills:
Case Management SoftwareDocument Management SoftwareMS Office
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
