James Kurack
Vice President, Regulatory Counsel at Freedom Mortgage
- Role
- Vice President, Regulatory Counsel at Freedom Mortgage
- Location
- New York, NY, US
- LinkedIn followers
- 500 followers
About James Kurack
Seasoned attorney with expertise in federal and state legal and regulatory compliance…
Experience
Vice President, Regulatory Counsel
Jun 2017 — Present · Mount Laurel, NJ, US
Providing guidance to Retail Call Center, Wholesale, Traditional Retail and Correspondent business channels on federal and state laws impacting the mortgage origination process, including the Ability-to- Repay and Qualified Mortgage Rule, TILA-RESPA Integrated Disclosure Rule (TRID), the Equal Credit Opportunity Act (ECOA), the Fair Credit Reporting Act (FCRA) and the Home Mortgage Disclosure Act (HMDA).Coordinating change management process with information technology and operational business partners by analyzing the business impact of regulatory and Investor guideline changes, communicating changes to executive management and partnering with business units to implement additional processes, procedures and controls as needed.Serving as liaison to Regulatory Quality Control and Compliance Testing and Monitoring groups on issues related to user acceptance testing and validation of regulatory findings.Advising Product Development with respect to the implementation and testing of new products, including non-QM products, temporary interest rate buydowns, second mortgages and down payment assistance products.Reviewing all digital, print and website marketing materials to ensure compliance with federal and state law.Assisted with the onboarding of new third-party document and compliance testing vendor and developed enhanced process for review of loans failing federal and state high cost and predatory lending tests.Assisting Capital Markets and Regulatory QC with resolving exceptions arising out of investor due diligence audit findings to ensure timely delivery of loans to secondary market investors. Reviewing updates to policies and procedures, training materials and job aids to ensure compliance with applicable laws.
Education
Campbell University
BA
1994 — 1998
Villanova University Charles Widger School of Law
Juris Doctor
1998 — 2001
Skills
- Intellectual Property
- Mergers
- Civil Litigation
- Negotiation
- Personal Injury
- Trials
- Bankruptcy
- Legal Research
- Arbitration
- Legal Writing
- Litigation
- Securities Regulation
- Class Actions
- Corporate Law
- Employment Law
- Mediation
- Product Liability
- Corporate Governance
- Mergers & Acquisitions
- Licensing
- Privacy Law
- Commercial Litigation
- Courts
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