Michael McElroy

Banking & Finance, Structured Finance, Derivatives


Clients look to Mike McElroy for his extensive experience with finance, securitization and technology transactions for the mortgage banking and consumer financial services industries. Mike routinely advises banks, non-bank lenders and their counterparties on their most important finance and securitization matters. 

Prior to joining Mayer Brown, Mike was general counsel, chief compliance officer and secretary to several mortgage lenders and servicers, both privately- and publicly-owned.

Clients leverage Mike’s 25-plus years of experience at national mortgage firms, government-sponsored enterprises and private law firms. His clients include Achieve Home Loans, Ally Bank, Flagstar Bank, Pretium Partners and numerous insurance companies.


His range of work includes:

  • Securitization offerings, as both issuer’s and underwriters’ counsel, across a range of assets
  • Financing and acquiring mortgage servicing rights
  • Whole loan acquisitions and participations
  • Mortgage warehouse and repurchase facilities
  • Federal and state consumer regulatory actions and examinations
  • Mortgage origination and servicing compliance management
  • Technology and other outsourcing transactions for mortgage origination and servicing 
  • Insurance company and fund investments in mortgage assets


  • Kenyon College, BA, magna cum laude
    Phi Beta Kappa
  • University of Virginia, MAS
  • Georgetown University Law Center, JD


  • District of Columbia