Description:

At A Public Government-Sponsored Enterprise, 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:
The Multifamily Real Estate Department of the Legal Division of A Public Government-Sponsored Enterprise 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.

Our Impact:
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.

Your Impact:
Transactions: Serve as legal counsel, independently and/or assisting or collaborating with other attorneys, for A Public Government-Sponsored Enterprise'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 A Public Government-Sponsored Enterprise 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 A Public Government-Sponsored Enterprise 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.

Qualifications:

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

Keys to Success in this Role:

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