Legal and Compliance Analyst

Title: Legal and Compliance Analyst

Location: Remote

Job Description:

Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). We harness the power of data & technology to offer our customers a simpler, more reliable, and faster way to access the capital they need to scale their businesses.

Formerly known as LendingHome, we’re committed to helping REIs revitalize the approximately $25 trillion worth of aged U.S. housing stock to provide move-in ready homes and rental housing for millions of Americans across the country.

Combining our technology and industry expertise, Kiavi has grown to a team of over 400 and has won many awards over the years including Forbes Fintech 50, Finovate Awards, Best Digital Mortgage Platform, Fast Company’s Most Innovative Companies, and many more.

• • Loans Funded: $18+ billion in loans funded

• • Homes financed: 71,000+ projects funded for our customers across the country

• • Geography: 31 states + D.C. where we lend to REIs so they can revitalize neighborhoods

• • Employees: Over 400 employees with competitive benefits and perks

This position can be based remotely in any of our approved hiring regions. Our hybrid distributed workforce philosophy allows us to find the best talent in the country and build diverse teams, while allowing our colleagues to work from the location that works best for them.

At this time, we are not approved to hire in the following regions for this role: Alabama, Alaska, Arkansas, California, Connecticut, Delaware, Idaho, Indiana, Iowa, Louisiana, Massachusetts, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, North Dakota, Oklahoma, South Dakota, Vermont, Wyoming. As well as: NYC Metro Area, Seattle Metro, Washington DC Metro, Baltimore Metro, Boston Metro, Chicago Metro, Houston Metro, Denver Metro, Portland Metro.

The Team

Legal and Compliance is responsible for managing a wide variety of legal and compliance matters for the company.

The Role

The Legal/Compliance Analyst is an integral role that will support legal projects and assist the company with maintaining and ensuring compliance with Federal and State regulations companywide. The Legal/Compliance Analyst will provide day-to-day support and may assist with various tasks including annual and new hire training, third-party vendor assessments, contract review, legal research, implementation of policies and procedures, fraud investigations, monitoring and testing, regulatory audits, regulatory reporting, customer complaint investigations, and marketing reviews. Additionally, the Legal/Compliance Analyst will be responsible for assisting compliance with review and/or audit of company operations related to fair lending regulations (FCRA, ECOA, HMDA), and other applicable regulations (e.g. AML/BSA, TCPA, CCPA/CPRA).

Responsibilities

• • Provide day-to-day support with cross-functional partners to address compliance risks and identify areas of improvement

• • Assist with the fraud escalation and investigation process

• • Assist with legal and regulatory research on employment, marketing, mortgage, business purpose lending and other related matters as needed

• • Facilitate the data request process for regulatory reporting and external audits

• • Assist with the compliance monitoring and testing program

• • Help with the corrective action process as needed, including collaborating across business units to resolve and document issues

• • Support the development and deployment of annual and new hire compliance training, and follow up to ensure completion

• • Maintain existing policies and procedures and draft new policies and procedures as necessary

• • Review marketing copy and emails to ensure compliance with applicable laws and regulations, including FTC requirements, Fair Lending, and UDAAP concerns

• • Assist with customer complaints and other customer investigations

• • Conduct risk-based reviews on new vendors within the procurement process

• • Assist with review of non-complex contracts within the procurement process

• Work with cross-functional teams to evaluate and update processes and policies

Qualifications

• • Bachelor’s degree required

• • 1-3 years of experience supporting a legal team

• • Mortgage experience and/or compliance experience preferred

• • Ability to work with and communicate effectively with cross functional partners

• • Ability to draft written summaries clearly synthesizing recommendations

• • Thrives in a constantly-evolving & fast-moving environment

• • Ability to handle large volume of emails on a regular basis

• • Demonstrated knowledge and application of laws and regulations such as ECOA, FCRA, and BSA/AML preferred

• • Ability to think critically and creatively to solve problems

Kiavi takes a market-based approach to pay, and pay may vary depending on your location. The expected annualized base pay range for this full-time role to be performed remotely is $53,900 – $72,900 + 5% bonus + equity + benefits. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries. Within the range, the successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. Your recruiter can share more about the specific base pay range for your preferred location during the hiring process. Please note that the pay range listed above reflects the base salary only, and does not include the target value of equity, or benefits.

Benefits and Perks

• • Medical, Dental, and Vision Insurance: Kiavi offers free employee-only coverage for medical, dental, and vision plans. Dependents receive a heavily discounted premium, competitively placed in the 90th percentile for cost.

• • Health Savings Account (HSA): For those enrolled in a High Deductible Health Plan (HDHP), Kiavi provides an annual employer contribution to HSAs: $500 for individual coverage and $1,000 for dependents.

• • Disability and Life Insurance: Immediate access to short-term and long-term disability insurance, as well as group life and AD&D insurance, with coverage at 1x annual salary.

• • Remote Work Policy: Kiavi supports working remotely for day to day activities for most roles and occasionally may ask employees to gather in person for key meetings, trainings, team building etc. For remote workers, Kiavi offers a one-time office setup reimbursement of up to $500 and a monthly $75 stipend for internet and phone expenses. For in-office workers, Kiavi offers employer contributions to commuter benefits account, either for parking or public transportation.

• • Flexible Time Off: Employees are empowered to manage their own time off, with no strict limits, as long as it’s approved by their manager.

• • Paid Leaves: Up to 8 weeks of paid leave for medical or caregiver purposes, and 12 weeks of paid maternity/paternity leave. Short-term disability leave is also available for birthing mothers.

• • 401(k) & Company Match: A 401(k) plan managed by Fidelity, with Kiavi matching 100% of contributions up to 3% of compensation or $4,000 (whichever is less). All employer contributions are immediately vested.

• • Product Ownership: All employees think like an owner because all employees play a critical role in making our business great. Many roles are eligible for stock option grants.

Kiavi in the News:

• • Comment start HousingWire: 2023 HW Tech100 Winner: Kiavi

• • PropTech Connect: Kiavi Closes $209M To Grow Its Funding Capacity

• • CrowdFund Insider: Kiavi Closes $158M Revolving Securitization of Residential Transition Loans

• • Mortgage Professional America: Real investors’ lender Kiavi achieves milestone

• Inc Magazine: 2022 Best Places to Work: Kiavi

If you’d like to see more about what Kiavi has to offer or explore additional opportunities, visit our careers page.