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Senior Counsel - Residential Servicing and Foreclosure
Senior Counsel - Residential Servicing and Foreclosure-March 2024
Cleveland
Mar 30, 2026
About Senior Counsel - Residential Servicing and Foreclosure

  Location:4224 Ridge Lea Road - Amherst, New York 14226About the Job:The KeyBank Law Group is seeking an experienced attorney (licensed in New York and/or Ohio) to support one or more enterprise-level functions and lines-of-business. The primary purpose of this position is to provide legal counsel, advice and support to KeyBank National Association's Residential Mortgage line of business, with primary focus on its residential mortgage loan servicing, default and foreclosure activities. Amongst others, this person will work directly with various members of the bank's Mortgage Loan Servicing, Default, Foreclosure, Operational Risk and Compliance departments.The incumbent should have demonstrated experience and familiarity with consumer financial services in general, and consumer real estate lending, servicing and default in particular. Practice, or knowledge, of the consumer finance laws in New York State and/or Ohio is beneficial. This position does not have any direct reports.The preferred location for this position is Buffalo, NY or Cleveland, Ohio. The ability to work remotely may be considered for the right candidate.This unique opportunity offers candidates coming from an in-house or law firm environment an excellent opportunity to work on the client side of a growing super-regional financial services institution.Job Functions Include:Provide legal advice to residential lending business on residential mortgage loan servicing, default and foreclosure activities and objectives (e.g., mortgage payments, statements, hazard insurance, credit reporting, discharges, foreclosure activities, REO, etc.).Support and be the main point of contact for the legal needs of the residential mortgage loan servicing, default and foreclosure departments.Work cooperatively with the Compliance, and other risk departments to advise the company on all aspects of laws and regulations applicable to residential mortgage loan servicing, default and foreclosure activities.Draft and review forms, disclosures, notices, marketing and website content, and agreements for use by residential mortgage loan servicing, default loss mitigation and foreclosure departments.Review and respond to regulatory and customer complaints, debt disputes and Notices of Error/Information RequestsPartner with other legal staff, and Consumer Banking and Lending units on enterprise level operational issues and projects.Ensure compliance monitoring and internal controls are in place, including processes for management of operational risk, in accordance with Company, investor and regulatory standards.Review vendor contracts, update as needed, and advise of any regulatory or legal concerns related to KeyBank's mortgage businesses.Retain and manage outside counsel, as needed and appropriate, to address various KeyBank's mortgage business issues and needs.Oversee and manage escalated foreclosures, title actions or servicing-related litigation with awareness to business interests. Assist with settlement strategies, options, and final agreements.Conduct research on legal matters impacting KeyBank's mortgage businesses, including state and federal statutes and regulations.Maintaining and periodically updating standard legal documentation for line of business use.Partner with compliance department to offer legal advice on internal findings, audits and regulatory exams, as needed.Providing legal updates to line of business managers and other risk partners regarding areas of expertise as appropriate.Applying and translating legal principles into business and customer friendly written and verbal communication.Develop working-knowledge of internal systems to help facilitate practical application of challenging, and changing, legal requirements.Representing the Law Group as proficient in areas of responsibility.Otherwise performing legal work necessary to fulfill scope of responsi

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