Job Abstract

The Multifamily Real Estate Department of the Legal Division of Freddie Mac (Legal MFRE) is seeking an attorney to join its legal staff as Associate General Counsel in its Asset Management & Operations (AMO) group. The attorney will provide legal advice and counsel on a wide range of transactions and other matters related to the Multifamily Division’s business. We are seeking an attorney with a background in commercial real estate finance to work in a vibrant, collaborative, and mission-based environment. 

Legal MFRE is critical to the Multifamily Division’s success in carrying out its mission to provide liquidity, stability, and affordability for the nation’s rental housing market. We support this important mission through a broad range of legal work, including loan production and underwriting, structured transactions, loan securitization, and asset management and operations matters.

• Transactions:  Serve as legal counsel, independently and/or assisting or collaborating with other attorneys, for Freddie Mac’s servicing and securitization of multifamily loans. This may include:

  • Negotiating loan and servicing transaction documents

  • Reviewing securitization documents (offering documents, pooling and servicing agreements and sub-servicing agreements)

  • Working with outside securitization counsel and Legal Division Securities attorneys

  • Reviewing and analyzing legal issues in connection with servicing transactions and other multifamily asset management and operational matters

  • Coordinating with litigation team on distressed asset and suspicious activity matters

  • Due diligence of real estate matters in connection with structured transactions or securitization

  • Representation of Freddie Mac as Master Servicer and Special Servicer in securitization transactions

  • Coordinating with regulatory and government affairs team to respond to regulatory and congressional inquiries

• Initiatives/Policy/Lender Matters:  Legal support for non-transactional matters including:

  • Initiatives, product improvements and development

  • Multifamily Loan documents and forms, Guide updates and credit policy

  • Rating agency reviews

  • Lender approvals and other counterparty matters

  • Multifamily research, marketing, and communications.

• Communication and Collaboration:

  • Collaborating with peers to ensure consistency of legal advice and negotiating positions.

  • Creating and maintaining effective relationships with business clients, with lenders from whom Freddie Mac buys multifamily mortgages and who service those mortgages, and with lawyers for those lenders.

  • Drafting well-structured, complete and concise correspondence, legal analyses and documents for internal and external purposes.

• Juris Doctor (JD) degree

• Membership in good standing in a state Bar

• At least 7 years of legal experience in commercial and/or multifamily real estate finance transactions with a law firm or corporate law department, including responsibility for negotiating and closing real estate origination or servicing transactions

• Strong legal analytical and writing skills

• Knowledge of the customary legal relationships and closing practices required for commercial and/or multifamily real estate transactions and commercial mortgage backed securities (CMBS)

• Familiarity with master servicing and special servicing issues in the context of CMBS transactions

• Familiarity with common commercial real estate lender-borrower issues and the ability to negotiate resolution of those issues

• Candidates with one or more of the following are especially encouraged to apply:

  • Experience with the Agency/secondary multifamily mortgage market

  • Experience with borrower consent transactions and loan servicing operational matters

• Superior oral and written communications skills

• Ability to work comfortably and routinely as part of a team and to collaborate across organizational boundaries

• Ability to organize and prioritize multiple pending time-sensitive matters

• Ability to build and maintain strong collaborative relationships with colleagues, clients, and customers

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 www.BountyJobs.com and register with our referral code: MAC.

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.