Senior Counsel Single-Family Real Estate Transactions (Vinton)

Compensation

: $136,790.00 - $136,790.00 /year *

Employment Type

: Full-Time

Industry

: Real Estate



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The Single-Family Real Estate Department in the Legal Division of Freddie Mac is seeking a Senior Counsel to join its legal staff. The attorney will primarily support the single-family mortgage acquisition activities of Freddie Mac, including loan product development, mortgage credit policy, industry communications and training activities, quality control, and new underwriting and mortgage purchase and servicing initiatives.

Your work will fall into the following two categories:

Mortgage Purchase Initiatives
  • Providing advisory support to internal clients on mortgage eligibility, credit policies and Freddie Mac Single-Family Seller/Servicer Guide (the "Guide") matters, including lender eligibility; mortgage purchases; mortgage servicing; loan documents and forms; representations, warranties, covenants and remedies relating to loans purchased by and serviced for Freddie Mac; and proprietary initiatives and systems
  • Drafting contracts for the purchase of mortgage loans on a flow or bulk basis, including customized credit underwriting terms and pricing structures
  • Participating in developing and drafting credit policies relating to underwriting mortgage loans; amending and updating the Guide; reviewing external communications and training materials relating to new products, policies and systems
  • Providing advice to internal clients on legal matters relating to a variety of U.S. laws and regulations that implicate mortgage underwriting, originations and servicing

Regulatory Matters
  • Working with Freddie Mac's regulator on matters that affect mortgage eligibility or that may require issuance of a directive
  • Advising internal clients on matters requiring approval by or consultation with Freddie Mac's regulator


Qualifications

Qualifications
  • 5 years of relevant sophisticated legal experience, either in-house with a bank, mortgage company or real estate brokerage 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

Keys to Success in This Role
  • Superior oral and written communications skills
  • Ability to create and maintain strong collaborative relationships with colleagues and clients

Top Three Personal Competencies to Possess
  • Partnership - Build trust and strong partnerships through individual and team actions
  • Client Focus - Personally engage with internal clients to understand their needs
  • Drive for Execution - Be accountable for strong individual and team performance


Preferred Skills

Preferred Skills

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.
Associated topics: agent, broker, house, realtor, real estate agent, real estate broker, real estate courier, resident, residential property leasing agent, salesperson * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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