Senior Legal Associate
1 week ago
Asset Based Lending is seeking a highly skilled and detail-oriented Senior Legal Associate to join our legal team. This role reports directly to the General Counsel and will play a vital part in assisting with our closing process for real estate business purpose loans.
Key Responsibilities- Document Preparation: Prepare accurate and comprehensive legal documents such as loan agreements, loan modifications, deed-in-lieu agreements, and other ancillary documents.
- Closing Process Coordination: Coordinate with loan officers, underwriters, and other team members to facilitate a smooth and efficient closing process.
- Title and Closing Coordination: Collaborate with title companies, third-party counsel, and other legal professionals to address any title-related issues and ensure appropriate title coverage.
- Contract Negotiation: Review and negotiate vendor contracts, ensuring terms are favorable and aligned with company policies.
- Due Diligence: Conduct thorough due diligence on loan files, ensuring all legal and regulatory requirements are met.
- Departmental Collaboration: Partner closely with our foreclosure, loss mitigation, and closing teams to provide strategic legal guidance, ensuring smooth and efficient operations.
- Research and Compliance: Provide insight for the lending business as it continues to expand nationwide by continuing to ensure ABL's compliance with any and all lending regulations on a state-by-state basis.
- Education: Juris Doctorate from an accredited law school.
- Licensing: 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, and if not admitted to practice in New Jersey, eligible to obtain in-house licensure with the State of New Jersey.
- Experience: 3-5 years of post-graduate legal experience, ideally with exposure to real estate law at a reputable law firm. In-house experience not required.
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