Assistant Counsel

3 days ago


Jersey City, New Jersey, United States Asset Based Lending Full time
Job Title: Assistant Counsel

Asset Based Lending is seeking a detail-oriented and dynamic Assistant Counsel to join our legal team. This role reports directly to the General Counsel and plays a vital part in assisting with our closing process for real estate business purpose loans.

Key Responsibilities:
  • Prepare accurate and comprehensive legal documents, including loan agreements, loan modifications, and deed-in-lieu agreements.
  • Coordinate with loan officers, underwriters, and other team members to facilitate a smooth and efficient closing process.
  • Collaborate with title companies, third-party counsel, and other legal professionals to address any title-related issues and ensure appropriate title coverage.
  • Negotiate Master Agreements with warehouse lenders and loan buyers.
  • Communicate effectively with teammates, lenders, and other stakeholders to provide guidance and ensure a seamless closing process.
Additional Responsibilities:
  • Partner closely with our foreclosure, loss mitigation, and closing teams to provide strategic legal guidance and ensure smooth operations.
  • Work with title companies, external counsel, and other legal professionals to resolve title-related issues and secure appropriate title insurance for transactions.
  • Review and negotiate vendor contracts to ensure terms are favorable and aligned with company policies.
  • Conduct thorough due diligence on loan files to ensure all legal and regulatory requirements are met.
  • Provide insight for the lending business by ensuring ABL's compliance with lending regulations on a state-by-state basis.
Qualifications:
  • Juris Doctorate from an accredited law school.
  • Licensed to practice law in at least one U.S. jurisdiction (New Jersey or New York preferred) with active membership in good standing with the state bar association.
  • 3-5 years of post-graduate legal experience, ideally with exposure to real estate law at a reputable law firm.

Why Join Us:

At Asset Based Lending, we offer a unique opportunity to work closely with our foreclosure, loss mitigation, and closing departments, providing vital legal support in a fast-paced, growth-oriented environment. If you are a detail-oriented and dynamic individual with a strong understanding of real estate law, we encourage you to apply for this exciting opportunity.


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