Product Counsel, Lending

About FigureFigure is revolutionizing financial services with its disruptive, scaled, and rapidly expanding technology platform. By capitalizing on the loan origination activities on its platform and extensive network of partners, Figure is poised to deliver and scale new products that enhance efficiency and transparency in the industry. Through the integration of cutting-edge technology, Figure’s platform fosters more transparent and efficient capital markets, bolstered by the growing pool of assets originated on its platform. This transformational journey is fueled by a dedicated team at Figure, characterized by their drive, innovation, collaboration, and passion for building from scratch. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation.Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the financial technology space.FastCo Most Innovative CompaniesForbes Top 50 Blockchain CompaniesAbout the RoleWe’re looking for a Product Counsel to join in building and scaling our lending and lending technology products at Figure. This role will guide the expansion of our direct origination lending programs (B2C), as well as the development of our lending-as-a-service products (B2B). You will collaborate with our product, engineering, operations, and marketing departments to enhance our loan (closed-end and open-end) origination systems, drive our lending technology transactions, and ensure our products comply with applicable Federal and State regulations. This is a great opportunity to join a team building innovative products and enhancing the financial services industry through the use of blockchain technology.What You’ll DoProvide day-to-day legal support to lending product and operational groups focused on direct and indirect loan originationsAdvise the product team on enhancing our mortgage loan origination systems, with particular attention to opportunities for automation and efficiencyAdvise lending leadership on strategies for expanding wholesale and indirect lending relationshipsDraft, negotiate, and review commercial lending technology agreementsProvide guidance on the development of policies and proceduresProvide support for regulatory examinations, external audits, and third party diligence requestsWork cross-functionally to gain a deeper understanding of other teams' processes and the impact of policy on their businessesWhat We Look ForJ.D. and a member in good standing of any state bar5+ years of experience. Preference for consumer finance experience at a major law firm, mortgage lending company, or government agency. Demonstrated knowledge and application of consumer protection laws and regulations such as TILA/Regulation Z, ECOA/Regulation B, FCRA, FACTA, FDCPA, SCRA, BSA/AML, EFTA, UDAAP, and GLBA. HMDA knowledge is a plus.Closed-end mortgage industry experience is required; experience with open-end credit products is preferredStrong communication skills, including the ability to distill information into a concise written or in-person presentationStrong entrepreneurialism and a hands-on approachExperience building compliant product while balancing financial and operational risks.Proven ability to take a project from start to finishBenefits and PerksCompetitive salary and growth opportunitiesCompany quarterly performance based bonusEquity stock options packageEmployer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependentsEmployer funded life and disability insurance coverageCompany HSA, FSA, Dependent Care, 401k, and commuter benefitsUp to 12 weeks paid family leaveIn office, remote, and hybrid work location optionsHome office and technology stipend for those working outside of a traditional office more than 75% of the timeFlexible time-off plan to empower employees to take the time off that they want and needContinuing education reimbursementRoutine Team swag deliveries!For CO, NY, CA, and WA residents, the salary range is $166,980 - $208,725 with up to a 25% Bonus and Equity. Actual compensation may vary based on individual candidate experience and location.Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and General Workforce Privacy Noticefor further information.By submitting your application, you are agreeing andacknowledgingthat you have read and understand the above notice.Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.#LI-RF1 #LI-Hybrid#J-18808-Ljbffr