Senior Counsel, Valon Mortgage
Product
$131-178k
+ Equity
Transforming $25B+ mortgage servicing market with software
Job no longer available
Transforming $25B+ mortgage servicing market with software
201-500 employees
Job no longer available
$131-178k
+ Equity
201-500 employees
Company mission
To champion homeowners on their financial journey, as the partner they trust with their home and future.
Role
Who you are
- J.D. from an accredited law school and licensed to practice law in at least one state
- 4+ years of professional experience at both a top law firm and in-house at a growth stage financial services company
- Experience creating and drafting policies, procedures, and control documents
- Excellent communication and collaboration skills with the ability to work cross-functionally at all levels of the organization
- Strong organizational skills and the ability to drive complex projects to completion
- Demonstrated ability to develop solutions to complex legal matters without losing sight of business objectives
- Working knowledge of at least some of the mortgage regulatory landscape strongly preferred (including GLBA, RESPA, HMDA, ECOA, FDCPA, TCPA, TILA, state mortgage laws)
What the job involves
- The Legal, Risk, and Compliance (LRC) department at Valon is responsible for interpreting and advising our company on the various legal, regulatory, and contractual provisions that impact our business
- Given how heavily regulated the mortgage industry is, compliance and risk management sit at the very core of our business
- The team partners closely with our product, engineering, operations, and finance teams to provide legal and compliance expertise and frameworks that inform and drive business decisions
- We are looking to add the first Product Counsel to our Legal, Risk, and Compliance team
- In this role, you will be responsible for handling legal and compliance matters and advising the business, with a focus on product and engineering, as we rapidly scale our loan portfolio and build the technology platform that will continue to transform the mortgage industry
- You are excited to roll up your sleeves and dive into the weeds, partnering closely with cross-functional stakeholders to drive product innovation
- You have excellent organizational and people skills, and thrive in a fast-paced, dynamic environment; and
- You are a self-starter with a bias for action and proactive with a strong sense of ownership
- Proactively provide legal and regulatory guidance to product development teams to enable them to launch innovative and compliant products
- Anticipate emerging regulatory issues across Valon’s product surface areas and develop solutions in close partnership with other business units
- Create, maintain and elevate Valon’s policies, playbooks, and processes to enable us to continue scaling rapidly
- Draft, review, and negotiate a broad range of vendor agreements to support Valon’s evolving business, including terms of use, master services agreements, statements of work, technology licensing agreements, partnership agreements, payment network/association agreements, and financial institution partnership
Our take
Valon is attempting to bring smoother, clearer customer service to the often unsophisticated industry of mortgage services. Its cloud-native mobile platform allows borrowers to make payments and manage escrow accounts while avoiding time-consuming call centers, inaccurate information and poorly designed websites. In turn, lenders can use the platform to request API feeds to gather information on customer performance.
The company is aiming to disrupt and bring down the costs in a market that it sees as heavily monopolized, and which is largely devoid of customer-oriented innovation. Currently, mortgage servicing giant Black Knight controls over half of all residential loans in the US, the result of which has seen a 250% increase in servicing costs in the last decade.
Valon's growth so far has been remarkable. The company went from zero contracts in 2019 to $65 billion in mortgages in 2024, with a 400% year-on-year growth. Its remarkable growth attracted over $169 million in funding in 2024. On top of this boost, it has further diversified its capabilities to include servicing government-sponsored home loans from the Federal National Mortgage Association.
Freddie
Company Specialist at Welcome to the Jungle
Insights
21% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Oct 2024
$100m
SERIES C
Jul 2024
$69.8m
LATE VC
Total funding: $348.8m
Company benefits
- Fully Covered Healthcare Premiums on Zero Deductible Medical/Dental/Vision Insurance Plans
- Flexible Sick Days
- Equity Packages
- Generous Vacation Policy + Multiple Company Holidays
- Provided Laptop, Custom Acessories, and Ergonomic Equipment
- Commuter Benefits
- Paid Parental Leave
- Unlimited Snacks and Drinks
Company HQ
Union Square, New York, NY
Leadership
Andrew Wang
(CEO & Co-Founder)Studied Computer Science at Harvard. Interned as a Software Engineer at The White House, and Google. Was an Analyst at Goldman Sachs. Spent 4 years as a Principal to Soros Fund Management.
Linda Du
(COO)Studied Computer Science and Statistics at Harvard. Worked at Samlyn Capital and Two Sigma prior to joining Valon.
Jake Mintz
(CPO)Studied Electrical Engineering at Santa Clara University. Co-founded Bump Technologies which was acquired by Google.
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