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Assistant General Counsel- Litigation and Asset Resolution

Freddie Mac
$170,000- $254,000/ year
Posted Jun 28
Full Time
HybridMc Lean, Virginia

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.

Position Overview:

This position will be responsible for counseling the company on legal risk and representing its interests in litigation, primarily focusing on loan default, foreclosures, eviction, and other related matters relating to Single Family (SF) loans and properties. This opening provides an outstanding opportunity to work in a vibrant and diverse corporate legal office dedicated to supporting Freddie Mac’s core mission of helping to make homeownership and rental housing more accessible and affordable across the nation. To learn more about the role and our excellent benefits, please apply!

Our Impact:

The Litigation Department is committed to providing quality, proactive and timely advice and representation responsive to client needs on a variety of matters affecting Freddie Mac.

This role will report to the Litigation and Asset Resolution (LAR) group within the Litigation Department, which includes the following subject areas:

  • Single Family LAR: Manages external law firms and provides default-and REO-related legal services involving Freddie Mac-owned or guaranteed single family mortgages (foreclosure, bankruptcy, eviction title, closing and loss mitigation matters), related non-routine litigation, and REO personal injury matters.
  • Multifamily LAR: Handles matters related to Multifamily loan defaults, distressed asset litigation, foreclosures, workout, and REO matters.
  • Bankruptcy/Insolvency: Represents the Corporation in Seller/Servicer and other bankruptcies and related litigation and provides strategic advice in a wide range of creditors' rights enforcement scenarios.

Your Impact:

In your role as an attorney on the Litigation & Asset Resolution Team, you will:

  • Actively manage outside counsel and drive case strategy.
  • Work closely with servicers and local law firms to develop and implement legal strategy in litigation.
  • Advise and partner with internal clients on litigation issues impacting Freddie Mac.
  • Represent Freddie Mac in federal and state courts, administrative actions, and similar proceedings.
  • Conduct legal research as needed.
  • Support internal and external reporting requirements.
  • Review and/or draft settlement agreements and other documents.
  • Respond to third-party subpoenas and government requests for information and documents.
  • Understand Freddie Mac’s business, particularly its Single-Family and Multifamily Seller/Servicer Guides (including knowledge of the representations, warranties, covenants and legal remedies) and other contracts, as needed.
  • The role may include responsibility for litigation relating to Freddie Mac Multifamily assets (subject to experience and need).

Qualifications:

 

  • Juris Doctor (JD) degree
  • Membership in good standing in a state Bar
  • Typically 7+ years relevant litigation experience with a top tier law firm or in-house at a bank, financial or other institution with a sophisticated real estate and investment portfolio
  • Significant experience with all aspects of litigation
  • Expertise in SF loss mitigation, foreclosures, REO, code violations, title, and eviction matters and understanding of SF mortgage issues, including loan/default/REO-related issues
  • Familiarity with consumer bankruptcy issues
  • Significant experience counseling senior business clients on a wide variety of litigation and legal risk issues
  • Ability to effectively/proactively handle a high volume of cases using an automated legal management system
  • Strong oral and written communications and analytical skills
  • Familiarity with Freddie Mac’s Non-Performing Loan and/or HomeSteps business areas

Keys to Success in this Role:

 

  • Ability to handle litigation and balance high-volume workload
  • Strong communication skills
  • Understanding and ability to address business clients’ needs
  • Commitment to producing high quality work
  • Ability to work with and collaborate across the team
  • Ability to self-start and act with limited direction
  • Problem-solving mentality
  • Demonstrated competence and/or potential to lead
  • Collaborative approach and ability to thrive in a diverse workplace

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.

Time-type:Full time

FLSA 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 $170,000 - $254,000 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.