Product Owner Director - Mortgage Loan Products

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.

We are seeking a dynamic and experienced Product Owner Director to join our Single-Family Division and lead the development of new Mortgage Loan Products and optimization of existing Loan Products. This leadership role involves strategic planning, product innovation, and cross-functional collaboration to ensure the mortgage portfolio aligns with market demands and company objectives. The ideal candidate will leverage their expertise in primary and secondary mortgage market to identify opportunities within our current loan product offerings and propose innovative solutions. This role requires a strategic thinker who can advocate for changes that enhance our credit policy framework, ensuring it aligns with Freddie Mac's goals of accessibility and sustainability in the housing market.

Our Impact:

This role is part of the Borrower Strategy team, which 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.

Your Impact:

As a Mortgage Loan Product Owner Director, your strategic and innovative approach will directly influence the company's position in the mortgage market. By driving the development of differentiated products, you will contribute to Freddie Mac's mission and enhanced customer satisfaction. Your leadership in managing product lifecycles will ensure that our offerings remain competitive and compliant, which is crucial for long-term success. Ultimately, your work will empower homebuyers with tailored solutions, fostering strong financial health for both them and the organization.

Key Responsibilities:

Product Strategy & Innovation:

• Develop and implement a comprehensive mortgage loan product strategy that drives better borrower experience, growth and profitability.
• Analyze market trends, customer needs, and competitive products to identify opportunities for innovation and differentiation.
• Lead the ideation and creation of new mortgage products and enhancements to existing offerings.

Product Management:

• Manage the end-to-end lifecycle of mortgage products, including concept initiation, development, launch, and post-launch evaluation.
• Establish product performance metrics and regularly assess products against these metrics.
• Ensure compliance with regulatory requirements and alignment with organizational policies.

Cross-Functional Leadership:

• Collaborate with sales, operations, and risk management to ensure cohesive product development and delivery.
• Serve as the primary liaison between business units to communicate product vision and goals.

Customer & Stakeholder Engagement:

• Engage with key stakeholders, including senior management, to align product strategy with business objectives.
• Gather and analyze feedback from customers and internal stakeholders to refine products and improve customer satisfaction.
• Develop and maintain relationships with external partners, such as fintech companies and industry groups, to ensure competitive positioning.

Financial Management:

• Monitor and report on the financial performance of mortgage products, including profitability, return on investment, and cost management.

Qualifications:

• Bachelor's Degree in Finance, Economics, Business Administration, or a related field; Master's degree preferred

• 12+ years Mortgage Industry experience and 4+ years management experience

• Understanding of mortgage origination process, including capital markets

• Prior experience in a Product Management role with demonstrated examples of delivery; strategic mindset with a track record of driving change and Product innovation

• Strong business judgment and decision-making skills; ability to identify, prioritize, and articulate highest impact initiatives

• Excellent communication skills, with ability to present complex ideas in a clear, concise fashion to technical and non-technical audiences at all levels

Keys to Success in this Role:

• Demonstrated leadership experience with product development

• Exceptional interpersonal, technical, and organizational skills

• Must be a team player and able to work collaboratively

• Ability to exert influence, but foster a culture of collaborative success

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 $195,000 - $293,000 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.