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2025 Summer Internship - Remote Mortgage Company Graduate

Get It - Real Estate
New York, NY Remote Full Time
POSTED ON 1/20/2025
AVAILABLE BEFORE 2/18/2025
Company Overview

As a leading nonprofit multifamily finance organization, we have dedicated ourselves since 1974 to providing essential financial and technical resources to uplift and revitalize underserved communities across the nation. We are recognized as one of the largest Community Development Financial Institutions (CDFI) focused exclusively on investing in multifamily housing through our diverse suites of construction lending, mortgage lending, and equity investment services. Our commitment to extending access to affordable housing is complemented by our expertise in housing finance and public policy, which empowers us to drive down housing production costs, promote diversity and equity in development, and tackle the pressing challenges posed by climate change by financing sustainable housing initiatives.

Our Mortgage Company operates as a pioneering cooperative uniting impact-driven nonprofit mortgage lenders and investors. The revenue generated through our Mortgage Company sustains our mission to deliver positive social impact through strategic investments in housing and community development. Over the years, we have successfully invested more than $15 billion, resulting in the creation and preservation of over 230,000 housing units while currently managing approximately 4,500 affordable units. As a carbon-neutral entity, we proudly hold an AA- rating from S&P.

Position Summary

We are seeking a Summer Intern to join our Mortgage Company, where you will play a pivotal role in supporting the development of both new and existing business initiatives. Your primary focus will be analyzing multifamily mortgage loans from Freddie Mac, Fannie Mae, and FHA/HUD to facilitate impactful lending decisions.

Key Responsibilities

  • Assist with multifamily commercial real estate loan requests by aiding in the generation of pro forma valuations and identifying suitable loan options aligned with Agency Loan Product guidelines.
  • Collaborate with team members to engage with clients and gather essential due diligence documents critical for evaluating potential loans.
  • Analyze financial and credit data, conducting sensitivity analysis to identify risks and structuring loan offerings to align with borrower needs.
  • Perform research on borrowers, properties, and local neighborhoods to ensure compliance with product and program standards.
  • Support the submission of screening packages to Freddie Mac, Fannie Mae, and FHA/HUD, ensuring loan files are complete and meet quality control requirements.
  • Maintain and update agency and loan pipelines as necessary.
  • Work collaboratively with the team to achieve both quantitative and qualitative goals.
  • Manage data within the Closer technology system as required.
  • Undertake additional tasks as directed.

Required Skills

  • Enrollment in a graduate-level program related to Affordable Housing, Housing Finance, or Real Estate, with 1-2 years of relevant professional experience.
  • Exceptional organizational abilities with a keen attention to detail and the capacity to prioritize multiple tasks efficiently.
  • Strong teamwork orientation with an adaptable approach to change.
  • Proficient in Excel, capable of managing and analyzing substantial datasets using established best practices.

Career Growth Opportunities

During your internship, you will have access to a range of career development initiatives, including Lunch and Learn sessions to deepen your understanding of various organizational functions, property tours to experience our projects firsthand, and community engagement opportunities through Service Days.

Compensation And Work Structure

This internship offers a full-time, hybrid working model, requiring office attendance in our New York City location at least three days per week, with the option to work remotely for two days. The internship runs from June 2 to August 8, 2025, with a compensation rate of $22 per hour for a total of 35 hours per week.

Equal Opportunity Employer

We are an Equal Opportunity Employer. All employment-related decisions, including recruitment, selection, evaluation, promotion, compensation, training, and termination, are made without regard to race, creed, color, national origin, sex, disability, marital status, veteran status, sexual orientation, gender identity, or any other protected status.

Employment Type: Full-Time

Salary : $22

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