Director, Mortgage Product Strategy

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

Position Overview:

The Director of Mortgage Product Strategy is a senior mortgage-finance leader responsible for setting strategy and driving business performance for a portfolio of Freddie Mac Single-Family mortgage products. The portfolio may include conventional purchase and refinance mortgages, affordable lending solutions, first-time homebuyer offerings, home equity/second liens, construction-to-permanent and renovation lending, manufactured housing and emerging mortgage products.

The successful candidate will bring deep residential mortgage expertise and experience developing, managing, underwriting, evaluating pricing, assessing or executing mortgage loan products. The Director will identify unmet borrower and lender needs, assess market opportunities, develop new offerings, optimize existing products, build investment cases, and lead complex initiatives from strategy through market launch. The role requires evaluating opportunities across credit, underwriting, pricing and economics, secondary-market and capital-markets execution, Seller operations, competitive dynamics, and housing finance policy-and translating those insights into mortgage product strategies and recommendations for Freddie Mac senior leadership.

Our Impact:

The Single-Family Product Strategy team optimizes Freddie Mac's mortgage loan products and develops new offerings that create enterprise value, improve borrower experiences and outcomes, and expand affordable, accessible homeownership solutions through responsible product design.

Your Impact:

As a mortgage product strategy director, you will identify market opportunities, shape and execute mortgage loan product strategies, and ensure Freddie Mac's loan product offerings remain competitive, mission-focused, and aligned with business objectives. You will partner across the enterprise to convert market opportunities into mortgage offering enhancements or new offerings that benefit borrowers and create value for lenders, investors, and Freddie Mac. Through thoughtful strategy and execution, you will advance Freddie Mac's mission by improving housing market accessibility and sustainability, enhancing borrower experiences, supporting homeownership lending solutions, reducing friction, streamlining operations, and strengthening enterprise profitability.

Mortgage Product Strategy

• Propose product strategies that advance Freddie Mac's mission and strengthen market competitiveness.
• Translate lender needs, market gaps, and industry trends into actionable loan product optimization opportunities.
• Influence mortgage product portfolio and decisions that improve adoption, profitability, performance, and long-term value.

Mortgage Loan Product Development & Optimization

• Translate mortgage product strategy into credit, pricing, Guide, delivery and operational requirements and lead the offering through market launch,
• Recommend strategic enhancements informed by market shifts, lender feedback, and competitive insights.
• Partner across the enterprise to execute loan product strategies and enhancements, fostering alignment across Operations, Credit, Risk, Legal, Compliance, Finance, Capital Markets, Sales, and Servicing on execution and delivery.

Mortgage Product Performance Management

• Assess mortgage products in the Single-Family Acquisitions Division, lead recurring product reviews, and recommend expansion, repositioning, or rightsizing as needed.
• Influence enterprise alignment around loan product objectives, performance metrics, adoption targets, and portfolio key performance indicators (KPIs).

Executive Leadership

• Develop executive recommendations grounded in quantitative analysis, market intelligence, financial analysis, and strategic assessment.
• Present product strategies, loan product optimization recommendations, and performance updates to senior leaders.
• Lead enterprise initiatives that require alignment across senior leaders from multiple business divisions.

Industry Leadership

• Partner with various teams to engage Sellers through Freddie Mac forums, including Seller Advisory Councils, the Credit Advisory Board, on-site Seller visits, and industry events.
• Monitor industry trends, regulatory changes, and best practices in mortgage product design and development.
• Represent Freddie Mac at industry events and forums by sharing insights and engaging with housing finance peers.

Qualifications:

• Bachelor's degree in Business Administration, Finance, Economics, or a related field. Master's degree, preferred.
• Demonstrated ability to lead complex mortgage-product initiatives from market opportunity and business case through product approval, implementation, launch and performance assessment.
• 12+ years of relevant experience in Single-Family mortgage finance. Relevant backgrounds include mortgage product strategy or management; mortgage credit or underwriting strategy; secondary marketing or capital markets; affordable lending; home equity; mortgage pricing; or leadership of residential mortgage offerings at a lender, GSE, mortgage insurer, investor, or other housing finance institution.
• Demonstrated ability to assess mortgage product opportunities based on borrower and customer needs, market size, competitive position, credit risk, pricing, capital, economics, operational feasibility, and mission impact-and translate the analysis into an executive recommendation.
• Proven ability to influence executives and lead large cross-functional initiatives.
• Excellent communication and presentation skills with demonstrated ability to engage diverse partners effectively.
• Strategic mindset with a track record of driving change and innovation in mortgage product practices.

Keys to Success in this Role:

The successful candidate will have demonstrated expertise in:

• Mortgage product strategy/development, conventional/affordable/home-equity/specialty mortgage products; underwriting and credit polity; mortgage pricing and profitability; GSE eligibility and delivery; and mortgage product performance.
• Secondary mortgage market pricing and best-execution strategies, loan economics, and MBS fundamentals.
• Underwriting, mortgage insurance, and credit performance analysis.
• Freddie Mac commitment and delivery processes, loan origination technology tools, and the Seller/Servicer Guide.

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.

A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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 $187,000 - $281,000 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.