At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
- Do you want to fast track your career? Are you an adept communicator with internal and external stakeholders? We are looking for an analytical rockstar to join our fast-paced and hardworking Freddie Mac Multifamily Underwriting team. We’re looking for someone who is smart, a fast learner, strong with numbers and can hustle. Assists with credit quality of loan production and underwriting for a particular territory, group of customers and/or product type. Assists with evaluating proposed loans for credit risk, negotiating, and obtaining deal approvals, overseeing the preparation and issuing of commitments. Responsibilities entail creating and/or finalizing proformas, I&E and rent roll analysis, review of third party reports, working with producers to structure deals, review of borrower financial position, market analysis, property inspections, presenting deals for approval. Assists with underwriting all property types, including bonds and seniors deals. A wide and comprehensive acquaintance with, and understanding of, both general and specific aspects and the technical phases of the job and their practical applications to complex problems and solutions ordinarily encountered. Applies knowledge of the job, and company policies and principles to complete a wide range of tasks. Complete understanding of the general and technical aspects of the job. Work is completed with minimal supervision. Contacts are frequent with individuals representing other departments, and/or representing outside organizations. Contacts involve obtaining or providing information or data on matters of moderate importance to the function of the department or which may be of sensitive nature.
Our Impact:
- We are responsible for underwriting conventional multifamily loans originated by our Production partners
- Innovate based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit risk
- Evaluating the overall story and making decisions on the credit risk profile
Your Impact:
- Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties
- Accurately prepare concise, complete, and clear Investment Briefs for loan approval and loan commitment
- Apply company principles/policies and critical thought to complete assigned tasks accurately, completely, and in a timely manner
- Collaborate and communicate with external and internal business partners to solve problems and achieve shared success
Qualifications:
- Bachelor’s degree in real estate, finance, economics, business administration, or related field
- 0 - 1 years of related work experience in the commercial/multifamily or real estate industry
- Knowledge of real estate property fundamentals and real estate lending/underwriting
- Strong written and verbal communication skills
- Ability to travel domestically (20 - 25%)
Keys to Success in this Role:
- Multi-task/prioritize
- Relationship builder inside and outside of multifamily underwriting
- Harness the power of data to formulate and inform communications
- Keep calm under pressure
- Comfortable with transition and change
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.
A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
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 $68,000 - $102,000 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.