Demo

Summer Internship 2025 - Remote Mortgage Company | WFH

Get It - Real Estate
New York, NY Remote Full Time
POSTED ON 1/6/2025
AVAILABLE BEFORE 2/4/2025
Job Overview

Join our esteemed nonprofit multifamily finance organization as a Summer Intern in the Mortgage Company. This unique opportunity allows you to engage in meaningful work that supports our mission of revitalizing underserved communities through impactful financial solutions. With a focus on analyzing multifamily mortgage loans, you’ll contribute to our initiatives aimed at expanding access to affordable housing.

Key Responsibilities

  • Assist in the evaluation of multifamily commercial real estate loan requests by generating pro forma valuations and determining suitable loan options.
  • Collaborate with colleagues to gather essential due diligence documents from clients, ensuring a thorough analysis of property economics.
  • Conduct financial and credit data analysis, including sensitivity modeling, to identify risks and structure loan offerings that align with borrower needs.
  • Perform research on borrowers, properties, and neighborhoods to ensure compliance with product and program requirements.
  • Aid in the submission of screening packages to Freddie Mac, Fannie Mae, and FHA/HUD, ensuring completeness and adherence to quality control standards.
  • Maintain updates on agency and loan pipelines, as well as manage information within the Closer technology system.
  • Work collaboratively with the team to meet quantitative and qualitative goals.
  • Undertake additional tasks as assigned.

Required Skills

  • Currently enrolled in or recently graduated from a graduate-level program related to Affordable Housing, Housing Finance, or Real Estate.
  • Proven organizational skills with the ability to prioritize tasks effectively; detail-oriented approach.
  • Strong collaborative team player who is adaptable to change.
  • Proficient in Excel, capable of managing and analyzing extensive datasets using best practices.

Qualifications

  • Minimum of 1-2 years of professional experience in Affordable Housing, Housing Finance, or Real Estate is preferred.
  • Enrollment in a related graduate-level program demonstrating relevant academic background.

Career Growth Opportunities

This internship offers valuable exposure to the multifamily finance sector, coupled with opportunities for professional development. Interns will participate in engaging Lunch and Learn sessions, tours of current properties, and community service initiatives, contributing to both personal and professional growth.

Company Culture And Values

Our organization prides itself on fostering a collaborative, impact-driven work environment that champions diversity, equity, and sustainability. We are dedicated to cultivating an inclusive culture where all voices are heard and valued, ensuring that our mission aligns with the professional aspirations of our team members.

Compensation And Benefits

  • This is a full-time internship, operating under a hybrid model of 3 days in the office and 2 days remote, providing flexibility in your working arrangement.
  • Competitive hourly pay of $22 for a 35-hour work week.
  • Enjoy provided hot breakfast three times per week, along with snacks and drinks.
  • Engage in community service days, fostering connections with colleagues while giving back to the community.
  • Bi-weekly check-ins with leadership to maintain alignment and engagement.

Employment Type: Full-Time

Salary : $22

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