Position Overview
The Single-Family Mortgage Servicing Transactions Group is seeking an Associate General Counsel to join their legal staff. The attorney will provide legal advice to internal clients on a broad range of legal matters related to Freddie Mac as a business entity, and will also manage outside counsel. The hire will primarily support the single-family capital markets, single-family counterparty credit risk management and single-family mortgage servicing performance business areas with an emphasis on transactions.
Responsibilities Include:
- Negotiate and draft complex commercial agreements, including non-traditional financing arrangements and credit enhancements such as mortgage insurance and credit risk transfers
- Negotiate and document transactions relating to the purchase and sale of residential mortgage loan portfolios and of mortgage loan servicing
- Negotiate and document transactions relating to financings secured by mortgage loan servicing and advance reimbursements
- Understand Freddie Mac’s Single-Family Seller/Servicer Guide (including knowledge of the representations, warranties, covenants and legal remedies set forth in the Guide)
- Understand intercreditor agreements, participations and loan syndications, including familiarity with lien perfection, bankruptcy and insolvency considerations
- Advisory support to internal clients on real estate issues
Qualifications
- Typically has 8+ years of relevant legal experience in a sophisticated practice, either in-house with a well-established bank, mortgage company or real estate company, or with a top tier law firm
- Juris Doctor (JD) degree; membership in good standing in a state Bar
- Excellent analytical, strategic, legal research, writing and advocacy skills
- Ability to effectively manage numerous issues across multiple areas and set priorities independently
Preferred Skills
- Superior oral and written communications skills
- Ability to create and maintain strong collaborative relationships with colleagues and clients
Closing Statement
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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.
Please e-mail Om Jahagirdar at omj110@gmail.com to apply.