Location
Fannie Mae

Description
THE COMPANY
As the leading buyer of single-family home mortgages in the US, Fannie Mae (NYSE: FNM) is the Fortune 20 company with $51 billion in revenues and only 4500 employees. Fannie Mae's existence is mandated by the US government to provide liquidity in the mortgage market by buying mortgages from lenders and packaging them for resale, transferring risk from lenders and allowing them to offer mortgages to people who would not otherwise be considered. Fannie Mae also invests in mortgage-backed securities.

Founded in 1938, Fannie Mae has grown to become the world’s largest non-bank financial services company in terms of assets managed and the nation’s largest source of home mortgage funds. For over sixty years, the Company has used its strengths to clear the path to the American dream of homeownership for millions of hard-working families. This has been accomplished with visionary mortgage products that serve a diverse and growing market, and leading-edge technologies that reduce the costs and increase the efficiency of the housing finance process.

A tangible and shared spirit lives at Fannie Mae and the Company is singularly committed to finding new and improved ways to make the American dream a reality for as many people as possible. Fannie Mae employees are encouraged to continually pursue discoveries that accomplish this goal.

MANAGEMENT and REPORTING STRUCTURE
We currently have an exciting opportunity for an attorney in our Chicago office. This attorney would report to the Midwest Regional Counsel and be responsible for providing advice and counsel to the Vice Presidents for single-family mortgage loan acquisition, servicing and risk management, and Housing and Community Development in the Chicago office, as well as other management group members in the Chicago, District of Columbia and other Fannie Mae offices.

POSITION RESPONSIBILITIES
The responsibilities of this role include: Handling a variety of residential mortgage transactional matters such as contract negotiation, drafting and review; advising on the purchase and securitization of single family mortgage loans; providing guidance on issues relating to sellers and servicers including transfers and eligibility, lender approvals, suspensions and terminations, and counterparty issues. This attorney will monitor outside counsel who conduct foreclosure, eviction and REO matters and advise the Housing and Community Development Division and Partnership Offices on legal and public relations risk issues affecting their mission to increase affordable homeownership. Also, providing guidance in connection with the company’s underserved borrower and lender initiatives is a key responsibility.

COMPENSATION
Fannie Mae seeks the strongest candidate to fill the position of Associate General Counsel. Fannie Mae's extraordinary commitment to employees has been recognized by numerous publications and organizations - including Fortune, Washingtonian, Catalyst, and Computerworld magazines. The compensation and benefits package is among the finest, and is designed to help employees meet varying needs throughout their careers and to be commensurate with the employee’s skills, experience, and potential. Some of the more notable benefits include: 4 weeks vacation to start, 12 holidays, paid volunteer leave (10 hours/month), employee stock purchase plan, and flexible work options. Career growth. . . diversity. . . opportunity. . . Fannie Mae.

Qualifications
PROFESSIONAL QUALIFICATIONS
• Candidates should have ten (10) or more years experience as an attorney with seven (7) or more years of specialization in mortgage banking/mortgage finance.
• Law degree and admission to a state bar is required.
• Many of the judgements made by the Legal Department will have a major impact on corporate financial loss or gain, so the selected candidate must be both responsible and confident in decision making.
• The position requires a significant degree of independent initiative, including the ability to review a situation and identify opportunities or issues and pursue their expeditious resolution.
• A key is the ability and willingness to make or render advice on strategic decisions, including assuming an appropriate level of risk by balancing risks against the business needs in a particular situation.
• Must have excellent client skills and a focus on, to the greatest extent possible, getting the client what it needs, when it needs it and in the way it needs it.
• Must have strong transactional background and excellent writing and contract drafting skills.
• Ability to interact well and constructively with colleagues in both one-on-one and multidisciplinary team situations is crucial.
• Excellent interpersonal skills are required to interact with a culturally diverse staff.
• Excellent communication skills are needed to communicate effectively and persuasively with internal and external customers at all levels