Assistant General Counsel- Single Family Law

Freddie Mac•McLean, VA

About The Position

The Single-Family Law Department in the Freddie Mac Legal Division is seeking a collaborative, team-focused attorney to join its legal staff as Assistant General Counsel. The attorney will support the single-family mortgage acquisition activities of Freddie Mac, including contract negotiations and drafting, written communications to the industry, internal and external training activities and communications, quality control matters, and new initiatives involving underwriting and purchasing single-family mortgages. Attorneys in the Single-Family Law Department of Freddie Mac’s Legal Division are key advisors to our business colleagues in the development and implementation of policies that support affordable and sustainable housing as part of Freddie Mac’s mission of making home possible. The Legal Division is committed to providing quality and timely advice and representation responsive to client needs on a variety of matters affecting Freddie Mac.

Requirements

Juris Doctor (JD) degree; membership in good standing in a state Bar
At least 5 years relevant legal experience, either in-house with a government sponsored entity, government agency, bank or mortgage company, or law firm
Strong interpersonal skills and ability to work collaboratively

Nice To Haves

Team focus with an ability to build and maintain strong collaborative and positive relationships with colleagues, clients, and our conservator/regulator
Superior analytical, strategic, legal research, oral and written communications and advocacy skills
Ability to effectively handle numerous issues across multiple areas and to set priorities independently
Ability to adapt to change gracefully and shift priorities with ease
Intellectual curiosity and enthusiasm

Responsibilities

Advise internal clients on mortgage eligibility, credit policies and Freddie Mac Single-Family Seller/Servicer Guide (the “Guide”) matters, including lender eligibility; mortgage purchases; mortgage loan documents and forms; representations, warranties, covenants and remedies relating to loans purchased by and serviced for Freddie Mac; and proprietary initiatives and systems
Draft contract provisions for the purchase of mortgage loans, including credit underwriting terms and pricing structures
Participate in the development and drafting of innovative and legally complex new initiatives; amend and update the Guide; review and edit external communications and training materials relating to new products, policies and systems
Regularly collaborate with internal peers and colleagues as well as Freddie Mac’s conservator/regulator on matters relating to mortgage purchase eligibility
Advise internal clients on matters requiring approval by or consultation with Freddie Mac’s conservator/regulator