What are the responsibilities and job description for the Multifamily Underwriting Associate (Hybrid - 3 days in office - VA) position at Freddie Mac?
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.
Position Overview:
If you are a smart, 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 is looking to add a Multifamily Underwriting Associate to its McLean, VA Office. As a member of the Small Balance Loans (SBL) team, your role will be to analyze and underwrite multifamily real estate transactions in compliance with guidelines and credit policy.
Our Impact:
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.
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:Non-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 $86,000 - $128,000 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.
Position Overview:
If you are a smart, 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 is looking to add a Multifamily Underwriting Associate to its McLean, VA Office. As a member of the Small Balance Loans (SBL) team, your role will be to analyze and underwrite multifamily real estate transactions in compliance with guidelines and credit policy.
Our Impact:
- We are responsible for underwriting Multifamily Small Balance Loans across the country, which are loans ranging from $1 million to $7.5 million dollars
- Innovate based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit risk
- Evaluate the overall story and make decisions based on the credit risk profile
- Interact respectfully with a diverse group of coworkers, lenders, and borrowers
- Provide stability and liquidity to the multifamily housing market by giving to Freddie Mac’s mission-driven affordability goal
- Conduct inspections, both virtually and in-person, of multifamily properties that will serve as collateral for new loans
- Analyze property’s performance, third party reports and borrower due diligence
- Evaluate the strengths and weaknesses of proposed loans from a credit or debt perspective
- Identify risks in proposed loans by becoming proficient with Freddie Mac Multifamily’s credit policy and lender guide
- Relationship development: You will work to build relationships with other SBL team members across the country, our business partners at Freddie Mac, and our Optigo lenders
- Process improvement: You will help us constantly improve by looking for new ways to do things and providing feedback
- Lifelong learning: Maintain a growth mentality to seek feedback, provide feedback, participate in training and learning opportunities, and take charge of your personal career development
- 1-3 years of relative real estate experience
- BA/BS degree or equivalent professional experience, advanced degree preferred
- Knowledge of real estate property fundamentals and real estate lending/underwriting
- Highly developed analytical skills
- Exceptional writing skills
- Proficiency with Microsoft Excel and Word
- Ability to travel domestically
- Multi-task/prioritize
- Relationship builder inside and outside of SBL
- Harness the power of data to formulate and inform communications
- Keep calm under pressure
- Ability to take initiative and perform optimally with minimal direction
- Adaptability and flexibility in times of change and uncertainty
- Understanding of market trends in the industry and Freddie Mac’s position in the market
- Develop resolutions to problems of limited scope following specific and detailed procedures
- Ability to learn multifamily underwriting technology systems and tools that are specific to Freddie Mac
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.
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:Non-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 $86,000 - $128,000 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.
Salary : $86,000 - $128,000
