Position Overview:If you are a hard-working, motivated, and intellectually driven professional with a passion for commercial real estate (CRE) and finance, Freddie Mac Multifamily is the employer for you! The nation's greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed income with an annual platform exceeding $80 billion is looking to add a Multifamily Underwriting Senior to the Targeted Affordable Housing team.
At Freddie Mac, you will do important work to build a better housing finance system, and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Our Impact:Our team is responsible for underwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our nationwide network of Optigo Lenders.
We are innovators in the industry by evaluating the overall story and making decisions based on the credit risk profile and finding creative ways to mitigate risks.
Today, Freddie Mac is one of the largest sources of financing for multifamily housing. We are a creative and dedicated team, and you'll do important work for the housing finance system and make a difference in the lives of others.
Your Impact:- You will build toward credit approval and closing individual mortgage loans collateralized by multifamily properties
- Accurately review and ensure concise, complete, and transparent Investment Briefs and ensure data quality for loan securitization
- Analyze and conclude on unique affordable housing pro forma property financial statement considerations, resolve transactional issues that escalate in third party reports, work with Producers to structure deals, review borrower financial position, market analysis, property inspections, and present deals for approval as needed.
- Develop resolutions to problems of limited scope following specific and detailed procedures
- Build strong relationships with Optigo Lenders
Qualifications:- Bachelor's Degree in Real Estate, Finance, Economics, Business Administration, or related discipline or comparable amount of directly relevant professional experience
- 5 + years of related professional experience preferably in multifamily or commercial real estate finance
- Knowledge of real estate property fundamentals and real estate lending/underwriting
- Familiarity with target affordable housing debt structures and products (i.e., tax exempt loans, forward commitments, preservation rehabs, etc.) helpful
- Strong written and verbal communication skills
- Demonstrated proficiency with Microsoft Excel and Word
- Position requires travel for property inspections (10% or less)
Keys to Success in this Role:- Strong interest in a commercial real estate career
- Excellent collaborator and phenomenal teammate, strong work ethic, and positive attitude
- Proficient multitasker that keeps calm under pressure
- Stay current on policies and regulations that may affect the industry and be comfortable with transition and change
Current Freddie Mac employees please apply through the internal career site.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 $131,000 - $197,000 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.
