Associate General Counsel- Single Family Mortgage Servicing Transactions

Freddie Mac•McLean, VA

About The Position

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. Position Overview: Are you a collaborative, resilient team player who anticipates challenges and serves as a positive role model? Freddie Mac’s Single-Family Real Estate Department is seeking an experienced attorney to advise on legal matters, manage outside counsel, and support single-family capital markets, credit risk management, and mortgage servicing—focusing on complex financial transactions. Apply now to learn more! Our Impact: The Associate General Counsel will provide legal counsel as a key advisor to our business colleagues in the development and implementation of internal policies that support affordable and sustainable housing, as part of Freddie Mac’s mission of making home possible. Your Impact: Our team supports the Single-Family Division’s business to negotiate and document transactions including non-bank servicer financing facilities, servicing transfers as well as other related duties. This team is part of the Single-Family Real Estate Department in the company’s Legal Division, providing all-around legal support and advice to the Single-Family Business areas of the company, covering all aspects of residential mortgage underwriting, purchase, delivery, servicing, disposition, and risk mitigation.

Requirements

10 or more years of relevant sophisticated legal experience, either in-house with Freddie Mac/Fannie Mae, a bank, mortgage company, or law firm
Juris Doctor (JD) degree and member in good standing of a state bar association
Excellent analytical, strategic, legal research, writing and advocacy skills
Proven ability to work effectively in a team while achieving personal and organizational goals
Proactive, flexible, creative, and act with an appropriate degree of urgency in every situation
Subject matter expertise in asset-backed finance, mortgage loan servicing and insolvency preparedness

Nice To Haves

Prioritization - Ability to effectively handle numerous issues across multiple areas and to set priorities independently
Collaboration - Ability to build and maintain collaborative relationships with colleagues and clients
Partnership – Build trust and positive relationships through individual and team actions
Client Focus – Engage with clients and other stakeholders to understand their needs and priorities
Drive for Execution – Excel at analytical, strategic, legal research, writing, speaking and advocacy skills
Emotional Intelligence – Demonstrate self-awareness and the ability to adapt to change gracefully

Responsibilities

Represent Freddie Mac in transactions relating to financings secured by servicing contract rights and advance reimbursement rights, including review and revision of loan documents, drafting, negotiating and closing acknowledgment agreements, consent agreements, collateral pledge agreements and parental guaranties, working closely with deal managers to advise them on structures and risks, and coordinating outside counsel
Understand intercreditor agreements, participations and loan syndications, including familiarity with lien perfection, bankruptcy and insolvency considerations
Negotiate and document transactions relating to the purchase and sale of residential mortgage loan portfolios and of mortgage loan servicing
Understand Freddie Mac’s Single-Family Seller/Servicer Guide and how it impacts the complex relationships with our business customers
Be a risk manager at all times; advising clients on legal and business risks while arming them with the information necessary to make informed decisions
Understand Freddie Mac’s Single-Family Seller/Servicer Guide (including knowledge of representations, warranties, covenants and legal remedies)
Develop and deliver strategic solutions to nuanced legal and business issues based on your in-depth knowledge of the company and the regulatory and business environments in which it operates
Liaise with our Litigation group related to distressed counterparties including resolution and settlement agreements, creditor-side bankruptcies and review and analysis of financial and transactional information, litigation planning and client counseling
Be a critical team member and colleague, influencing cohesion, inclusiveness and cooperative involvement by the entire team
Mentor and train junior level attorneys

Benefits

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

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