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Jon Langlois

Partner

Washington, D.C.

Jon Langlois has focused his career on representing financial institutions and financial services providers on critical transactional and regulatory compliance matters, developing a particular focus on mortgage lending and servicing activities.

He represents banks, nonbanks, fintechs, private equity and other financial services companies in a variety of corporate and transactional matters, particularly those involving residential mortgage and consumer loans, mortgage servicing rights, and servicing and subservicing relationships. He combines practical strategic advice with a deep knowledge of consumer lending and servicing to provide efficient, successful results.

In addition to his transaction practice, Jon assists clients on a wide range of regulatory issues, including compliance with key consumer financial laws, such as the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Fair Debt Collection Practices Act (FDCPA), unfair, deceptive, or abusive acts and practices (UDAAP), and other consumer protection issues.

Prior to joining Orrick, Jon was a partner at Buckley LLP. While in law school, he was a Legislative Analyst with Wilmer Cutler Pickering Hale and Dorr LLP, and a Government Affairs Representative with the American Financial Services Association.

  • Jon's representative transactional work includes:

    • Negotiating sales of whole loans and mortgage servicing rights (MSRs), both private and government-sponsored enterprise (GSE), as well as consumer loans
    • Negotiating servicing and subservicing agreements and other outsourcing transactions with third-party service providers
    • Advising on selling and servicing relationship issues with Fannie Mae, Freddie Mac, and Ginnie Mae
    • Arranging secured financing transactions, including warehouse lines and advance and buyout facilities
    • Advising on bank partnership and other marketplace lending transactions
    • Developing compliant MSR recapture structures

    His representative regulatory work includes:

    • Preparing institutions for, and guiding institutions through, supervisory examinations by the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB) and other regulatory agencies
    • Designing compliant mortgage servicing processes, particularly with respect to loss mitigation and foreclosure prevention
    • Developing third party oversight/vendor oversight programs and compliance management systems
    • Conducting due diligence reviews of key providers for acquisitions or significant engagements
    • Advising on appraisal issues, including appraiser independence and compliance with interagency appraisal guidelines
    • Addressing transitions away from LIBOR-based obligations

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