Assistant General Counsel- Single Family Mortgage Servicing Transactions and Counterparty Insolvency Preparedness

1 month ago

Bloomington, Illinois, United States Freddie Mac Full time

At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac's hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

Position Overview:

Are you a great teammate? Do you thrive with challenging work that have significant outcomes? Can you channel your legal and business sense to make home possible for millions of Americans? The Single-Family Real Estate Department in the Legal Division welcomes a new member to join our team of outstanding attorneys and legal professionals in managing our servicers' liquidity needs while making prudent decisions relating to counterparty risk.

Apply now to learn about our excellent benefits and why there's #moreatfreddiemac

Our Impact:

Our team supports the Single-Family Division's business to develop and implement servicing policies, assist with servicing operations compliance, communicate with our regulator the Federal Housing Finance Agency, negotiate and document transactions including servicing transfers, non-performing and re-performing loan sales, and non-bank servicer financing facilities 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.

Your Impact:
  • Understand Freddie Mac's Single-Family Seller/Servicer Guide and how it impacts the complex relationships with our business customers
  • Represent Freddie Mac in financing transactions involving servicing contract rights and advance reimbursement rights, including review and revision of loan documents, drafting, negotiating and closing acknowledgment and consent agreements, working closely with deal managers to advise them on structures and risks, and coordinating outside counsel
  • 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
  • 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
  • Analyze sophisticated legal, regulatory, and business issues that require an in-depth knowledge of the company and the inter-relationship between it and our seller/servicers
  • Establish professional development goals and business objectives in accordance with corporate requirements
  • Be a critical team member and colleague; influencing cohesion, inclusiveness and cooperative involvement by the entire team
Qualifications:
  • A minimum of 5 years of relevant, sophisticated legal experience, either in a law firm or a combination of law firm and in-house
  • Juris Doctor (JD) degree; membership in good standing in a state Bar
  • 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 acts with an appropriate degree of urgency in every situation
  • Subject matter expertise in mortgage loan servicing, asset-backed finance and insolvency preparedness
Keys to Success in this Role:
  • Partnership – Build and maintain strong collaborative relationships with colleagues and clients
  • Client Focus – Personally engage with internal clients to understand and advance their needs
  • Drive for Execution – Be accountable for strong individual and team performance
  • Leadership –Motivate, coordinate and support a diverse team of legal professionals and businesspeople to achieve success
  • Resilience- Maintain patience, maturity and self-awareness in the face of adversity

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit and register with our referral code: MAC.

Time-type:Full timeJob Category:LegalFLSA Status:Exempt

The anticipated annualized base salary range for this position is $170,000 to $254,000 and is eligible to participate in the annual incentive program.

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