Laura LaRaia
Chief Legal Officer and General Counsel // First Guaranty Mortgage Corporation

Laura LaRaia finds that the most enriching part of her job is collaborating with First Guaranty’s risk, compliance, and legal teams as well as the business teams to “proactively and constantly” go above and beyond to help consumers. LaRaia has 23 years’ experience practicing law and was interested in the field from an early age, as her father, brother, uncle, and grandfather were all attorneys. “I love advocating and fighting for the right outcome in all aspects of work and home life,” LaRaia said. “It is one of my greatest passions.” In her role, she works to provide the maximum coverage of all aspects of the legal arena for the company with the use of databases and other electronic tools to ensure that the legal department helps the mortgage company in its efforts to continue to streamline the business. One of her career highlights has been developing the ability to “successfully lead various teams who actively support our company in all areas of risk mitigation but continue to provide assistance with loan production and servicing.” As 2021 draws near, LaRaia believes that many of the legal challenges the professionals in the mortgage industry will face will “center around the results of COVID-19 impact.” For example, mortgage companies will have to make decisions about returning to the workplace determining what protocols will be put in place if they chose to do so. LaRaia added, “Due to the extended forbearance time frames, we will likely find ourselves working through the additional aspects of loans coming out of forbearance and the resulting modifications.”