Product Counsel, Lending - Figure : Job Details

About Figure Figure is revolutionizing financial services with its disruptive technology platform. Our flagship product is the #1 non-bank HELOC in America. We're delivering new consumer lending products and a capital markets ecosystem that maximize efficiency and transparency - by capitalizing on our loan origination activities, extensive network of partners, and growing pool of assets. Join a team of 450+ people at Figure who have originated $11+ billion in loan volume. We're very profitable and growing fast! Figure has raised $469 million from top investors like Ribbit Capital, DST, Apollo, and Morgan Creek. FastCo Most Innovative Companies Forbes Top 50 Blockchain Companies About the Role We'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 Do

• Provide day-to-day legal support to lending product and operational groups focused on direct and indirect loan originations
• Advise the product team on enhancing our mortgage loan origination systems, with particular attention to opportunities for automation and efficiency
• Advise lending leadership on strategies for expanding wholesale and indirect lending relationships
• Draft, negotiate, and review commercial lending technology agreements
• Provide guidance on the development of policies and procedures
• Provide support for regulatory examinations, external audits, and third party diligence requests
• Work cross-functionally to gain a deeper understanding of other teams' processes and the impact of policy on their businesses

What We Look For

• J.D. and a member in good standing of any state bar
• 5+ 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 preferred
• Strong communication skills, including the ability to distill information into a concise written or in-person presentation
• Strong entrepreneurialism and a hands-on approach
• Experience building compliant product while balancing financial and operational risks.
• Proven ability to take a project from start to finish

Salary

• Compensation Range: $166,980 - $208,725
• Quarterly 25% bonus target
• Equity stock options package
• This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs

Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Employer-funded life and disability insurance coverage
• 11 Observed Holidays & PTO plan
• Up to 12 weeks paid family leave
• Continuing education reimbursement

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 Notice for further information. By submitting your application, you are agreeing and acknowledging that 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