Multifamily Underwriting Senior Associate - Risk Distribution and Credit

Employer
Freddie Mac
Location
McLean, VA
Salary
Competitive
Posted
Aug 12, 2019
Closes
Aug 21, 2019
Ref
12310BR
Function
Administrative
Hours
Full Time
If you are driven, passionate about real estate, and thrive in a fast-paced environment, then Freddie Mac Multifamily Risk Distribution and Credit is the employer for you. The country's largest multifamily lender is seeking a highly motivated individual to join its collaborative team focusing on analysis and presentation of the credit underlying multifamily loans purchased by Freddie Mac where the risk is distributed to the private market. The goal of the team is to provide transparency, responsiveness and high-quality, loan-level information and analysis to the investor community. The Multifamily Underwriting Senior Associate role focuses on credit assessment and presentation of loans originated/purchased for Freddie Mac Multifamily's securitization platform. The hired candidate will evaluate loans for credit risk through the review and completion of Asset Summary Reports and other due diligence materials. Loan production is nationwide and spans multiple multifamily sub-types including student, seniors, and affordable housing. If you are interested in being intellectually challenged, helping create and preserve housing, and are a team player, come join a dynamic and exciting team.

Your Work Typically Will Fall Into the Following Categories:

Analysis
  • Analyze and recommend solutions for underwriting issues that arise during regional loan underwriting and securitization
  • Assist with training, provide direction to and review work product of junior employees on the team
  • Support and lead additional projects impacting risk distribution or cross-functional initiatives

Due Diligence
  • Monitor credit trends and summarize underwriting feedback from securitization for Freddie Mac Multifamily management and other internal parties

Communication
  • Act as a point of contact for business partners regarding securitizations, own the loan-level credit analysis and understand the collateral composition of the pool
  • Effectively communicate Freddie Mac's underwriting decisions and supporting detail to external parties in response to questions that arise during securitization due diligence process
  • Act as a Relationship Manager with internal business partners such as regional offices and specialty programs


Qualifications

Qualifications
  • Typically has 3 or more years of commercial real estate underwriting or credit analysis experience
  • Solid understanding of credit risk analysis and mitigation related to leverage, cash flow, rent rolls, third party reports, loan structure, borrower credit worthiness, market analysis and asset quality.
  • Bachelor's degree in Real Estate, Finance, Accounting or related field and/or comparable professional experience
  • Understanding of loan documents, purpose and structure
  • Excellent verbal and written communication skills
  • Strong analytical skills, critical thinking, and problem solving ability
  • Proficient in Microsoft Suite (Excel, Word, PowerPoint)

Keys to Success in this Role
  • Proficient understanding of commercial real estate underwriting
  • Ability to work efficiently and drive team execution under tight timelines, provide direction and prioritize between multiple assignments
  • Collaborative, positive, team player who enjoys being challenged and embraces change
  • Strong quantitative, analytical, interpersonal, and organizational skills

Top 3 Personal Competencies to Possess
  • Drive for Execution - Focus on results rather than the appearance of results
  • Customer Focus (Internal and External) - Deliver prompt and high quality customer service
  • Partnership - Build trust and strong partnership through my own and my team's actions


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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.

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