Assistant General Counsel- Single Family Law

Freddie Mac; McLean (VA); On-site; USD 186,000 - 280,000; Full time

Job summary

Freddie Mac, through its Single-Family Law Department, seeks an Assistant General Counsel to support mortgage acquisition activities including contract drafting, lender communications, and training materials.

The attorney will advise internal clients on eligibility, Guide matters, and regulatory interactions, and will help develop innovative initiatives while aligning with supervision requirements and policies.

Qualifications

• JD degree and bar in good standing
• At least 5 years relevant legal experience in-house with a government sponsored entity, government agency, bank or mortgage company, or law firm
• Strong interpersonal skills and ability to work collaboratively

Responsibilities

• Advise internal clients on mortgage eligibility, credit policies and Freddie Mac Seller/Servicer Guide matters
• Draft contract provisions for mortgage loan purchases, including underwriting terms and pricing structures
• Develop and draft innovative, legally complex new initiatives and update the Guide
• Review and edit external communications and training materials relating to new products and policies
• Collaborate with internal peers and Freddie Mac’s conservator/regulator on mortgage purchase eligibility matters and approvals

Education

Juris Doctor (JD) degree

Bar membership in good standing

Job description

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:

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.

Our Impact:

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.

Your Impact:

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. As Assistant General Counsel in the Single-Family Law Department, you will:

• 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

Qualifications:

• 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

Keys to Success in this Role:

• 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

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Time-type:Full timeFLSA Status:Exempt

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.

This position has an annualized market-based salary range of $186,000 - $280,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.