Credit Policy and Product Strategist Director -

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.

About the Role

We are seeking a dynamic and experienced Credit Policy & Product Strategist – Director to join our Single-Family Acquisitions organization. The ideal candidate will leverage deep expertise in mortgage products and underwriting along with credit policy to identify opportunities within our current requirements and propose innovative, execution-ready solutions. This role requires a strategic thinker who can advocate for changes that enhance our credit policy and product framework, ensuring it aligns with Freddie Mac’s goals of accessibility and sustainability in the housing market.

The Borrower Strategy team plays a critical role by focusing on innovative approaches to improve borrower experiences and outcomes, enhancing affordability and accessibility of homeownership solutions in today's dynamic housing environment through responsible product design and clear, consistent underwriting guidance.

Responsibilities

• Conduct comprehensive assessments of existing credit policies, underwriting requirements, and mortgage product eligibility/terms within the Single-Family Acquisitions Division.
• Analyze data, loan performance, QC findings, and market trends to identify inefficiencies and opportunities to improve product execution, borrower outcomes, and risk performance.
• Propose targeted solutions or revisions to credit policy and product requirements aimed at enhancing operational efficiency, Seller execution, and risk management.
• Collaborate with cross-functional teams to develop and refine credit and product strategies (e.g., eligibility, documentation, layered risk treatment, product features) that improve overall performance.
• Work closely with Quality Control, Seller Engagement, Credit Risk Management, Legal/Compliance, Operations, and other relevant departments, as well as external stakeholders (Sellers, mortgage industry groups, etc.) to ensure alignment of credit policy and product strategy with broader organizational goals.
• Partner with Credit Risk Management to define and monitor performance metrics that evaluate the effectiveness of implemented credit policy and product strategies (e.g., defect trends, repurchase drivers, early performance, layered risk indicators, Seller execution impacts).
• Recommend adjustments based on observed outcomes, operational feedback, and changing market conditions.
• Collaborate with Seller Engagement and Credit Risk Management to proactively engage with Sellers through Freddie Mac forums including Seller Advisory Councils, Credit Advisory Board, on-site Seller visits, and industry events/conferences.
• Stay abreast of industry trends, regulatory changes, and best practices related to mortgage product design, underwriting, and credit policy.
• Represent Freddie Mac at industry events and forums, sharing insights and engaging with peers in the housing finance space.

Qualifications

• Bachelor’s Degree in Finance, Economics, Business Administration, or a related field; Master’s degree preferred.
• 12+ years of relevant experience in mortgage credit policy, product strategy/management, underwriting, or acquisition credit risk within the Single-Family mortgage industry.
• Preferred: prior primary market experience (e.g., independent mortgage bank and/or financial institution) supporting mortgage products and underwriting.
• Strong knowledge of mortgage products, underwriting standards, credit risk assessment, and regulatory requirements in the housing finance sector.
• Proven analytical skills with the ability to consume data to extract actionable insights and strategies.
• 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 credit policy and/or mortgage product practices.
• Strong project management skills and the ability to manage multiple initiatives simultaneously.

Keys to Success

• Expertise in Credit Policy and Underwriting
• Strategic thinking and innovative mindset
• Data-driven and analytical
• Collaboration and relationship building
• Effective communication and stakeholder engagement

Pay

This position has an annualized market-based salary range of $184,000 - $276,000 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.

Benefits

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.