Multifamily Underwriting Associate

Employer
Freddie Mac
Location
Arlington, Virginia
Salary
Competitive
Posted
Oct 07, 2020
Closes
Oct 20, 2020
Ref
JR900
Function
Administrative
Hours
Full Time
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 and issuer of securitized fixed-income with an annual platform exceeding $75 billion is looking to add Underwriting Analysts, Senior Analysts and Associates to its Southeastern Regional office.

Our Impact:

From rehab and moderate-rehab to improvement, lease-up, construction take-out, pre-stabilized and stabilized, Freddie Mac Multifamily offers financing that spans the commercial real estate life-cycle and the spectrum of multifamily property types including Class-A mixed-use multi-tenant high-rises in our nation's urban cores, conventional garden-style assets in the suburban infill outside of our major cities, dedicated student housing properties at our nation's leading educational institutions and manufactured housing communities (MHCs) across rural America.

Your Impact:

This position will be based in the company's Arlington office. Reporting to one of the Region's Managers or Directors, the hired candidates will work on one of many deal teams and will be responsible for assisting the team's underwriters and senior underwriters in evaluating and documenting risks associated with proposed multifamily loans.

Your work is largely categorized two ways:

Analysis
  • Assist in the evaluation of sponsor counterparty credit risk and creditworthiness and overall property-level operational and economic performance for proposed multifamily loans.
  • Analyze balance sheets and property-level historical operating statements as well as third-party reports including real estate appraisals, engineering, environmental and zoning reports.
  • Audit and verify the accuracy of underwriting due diligence documentation.
  • Work with deal team to prepare investment briefs and asset summary reports (ASRs) for loan approval and Freddie Mac loan commitment.
  • Apply company principles and policies and use critical thought to complete assigned tasks accurately, completely and in a timely manner.

Communication
  • Collaborate and communicate daily with external and internal business partners including Production, Legal and Capital Markets to solve problems as they arise throughout the underwriting process and to achieve shared overall success.


Qualifications:
  • 0 to 2 years of professional experience.
  • Bachelor's Degree in Real Estate, Finance, Economics, Business Administration, or related field.
  • Demonstrated proficiency with Microsoft Excel and Word.
  • Strong written and verbal communication skills.
  • Position requires up to 10% travel.


Keys to Success in this Role:
  • Strong interest in a commercial real estate career.
  • Ability to multi-task and prioritize.
  • Attention to detail.
  • Embrace change.
  • Strong work ethic.
  • Good teammate.
  • Positive attitude even under pressure!


Current Freddie Mac employees please apply through the internal career site.

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.

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

Job Category:Underwriting

FLSA Status:Non-Exempt

Similar jobs