Director, Mortgage Product Strategy
About The Position
The Director of Mortgage Product Strategy is a senior mortgage-finance leader responsible for setting strategy and driving business performance for a portfolio of Freddie Mac Single-Family mortgage products. The portfolio may include conventional purchase and refinance mortgages, affordable lending solutions, first-time homebuyer offerings, home equity/second liens, construction-to-permanent and renovation lending, manufactured housing and emerging mortgage products. The successful candidate will bring deep residential mortgage expertise and experience developing, managing, underwriting, evaluating pricing, assessing or executing mortgage loan products. The Director will identify unmet borrower and lender needs, assess market opportunities, develop new offerings, optimize existing products, build investment cases, and lead complex initiatives from strategy through market launch. The role requires evaluating opportunities across credit, underwriting, pricing and economics, secondary-market and capital-markets execution, Seller operations, competitive dynamics, and housing finance policy—and translating those insights into mortgage product strategies and recommendations for Freddie Mac senior leadership.
Requirements
- Bachelor’s degree in Business Administration, Finance, Economics, or a related field.
- Demonstrated ability to lead complex mortgage-product initiatives from market opportunity and business case through product approval, implementation, launch and performance assessment.
- 12+ years of relevant experience in Single-Family mortgage finance. Relevant backgrounds include mortgage product strategy or management; mortgage credit or underwriting strategy; secondary marketing or capital markets; affordable lending; home equity; mortgage pricing; or leadership of residential mortgage offerings at a lender, GSE, mortgage insurer, investor, or other housing finance institution.
- Demonstrated ability to assess mortgage product opportunities based on borrower and customer needs, market size, competitive position, credit risk, pricing, capital, economics, operational feasibility, and mission impact—and translate the analysis into an executive recommendation.
- Proven ability to influence executives and lead large cross-functional initiatives.
- Excellent communication and presentation skills with demonstrated ability to engage diverse partners effectively.
- Strategic mindset with a track record of driving change and innovation in mortgage product practices.
Nice To Haves
- Master’s degree, preferred.
- Demonstrated expertise in: Mortgage product strategy/development, conventional/affordable/home-equity/specialty mortgage products; underwriting and credit polity; mortgage pricing and profitability; GSE eligibility and delivery; and mortgage product performance.
- Secondary mortgage market pricing and best-execution strategies, loan economics, and MBS fundamentals.
- Underwriting, mortgage insurance, and credit performance analysis.
- Freddie Mac commitment and delivery processes, loan origination technology tools, and the Seller/Servicer Guide.
Responsibilities
- Propose product strategies that advance Freddie Mac’s mission and strengthen market competitiveness.
- Translate lender needs, market gaps, and industry trends into actionable loan product optimization opportunities.
- Influence mortgage product portfolio and decisions that improve adoption, profitability, performance, and long-term value.
- Translate mortgage product strategy into credit, pricing, Guide, delivery and operational requirements and lead the offering through market launch.
- Recommend strategic enhancements informed by market shifts, lender feedback, and competitive insights.
- Partner across the enterprise to execute loan product strategies and enhancements, fostering alignment across Operations, Credit, Risk, Legal, Compliance, Finance, Capital Markets, Sales, and Servicing on execution and delivery.
- Assess mortgage products in the Single-Family Acquisitions Division, lead recurring product reviews, and recommend expansion, repositioning, or rightsizing as needed.
- Influence enterprise alignment around loan product objectives, performance metrics, adoption targets, and portfolio key performance indicators (KPIs).
- Develop executive recommendations grounded in quantitative analysis, market intelligence, financial analysis, and strategic assessment.
- Present product strategies, loan product optimization recommendations, and performance updates to senior leaders.
- Lead enterprise initiatives that require alignment across senior leaders from multiple business divisions.
- Partner with various teams to engage Sellers through Freddie Mac forums, including Seller Advisory Councils, the Credit Advisory Board, on-site Seller visits, and industry events.
- Monitor industry trends, regulatory changes, and best practices in mortgage product design and development.
- Represent Freddie Mac at industry events and forums by sharing insights and engaging with housing finance peers.
Benefits
- competitive compensation
- market-leading benefit programs
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Director
