Underwriting Operations Senior

Freddie Mac
McLean, Virginia
Jul 22, 2021
Aug 21, 2021
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:

The Multifamily Division is seeking an Underwriting Operations Senior in the Underwriting and Credit department. The Multifamily Underwriting department is responsible for the credit quality of Multifamily loans purchased by Freddie Mac. Apply now and learn why there's #MoreAtFreddieMac!

**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.***

Our Impact:

This position supports the effective operations of the Underwriting and Credit department and works closely with multiple areas within Multifamily LOB such as, Finance, Production, Capital Markets and Operations.

Your Impact:

Underwriting Oversight & Reporting
  • Review and report on monthly Bridger Know Your Customer searches and watchlist hit closure documentation to determine compliance with policy and to identify gaps and trends; provide analysis and feedback to business areas
  • Review and report on monthly credit policy exceptions to identify gaps and trends; provide analysis and feedback to business areas
  • Contribute to quarterly Multifamily Risk Update and monthly risk profile materials submitted to multiple Risk Committees throughout the organization
  • Support preparation, coordination and consolidation of monthly and quarterly Underwriting attestations of data quality for the Department
  • Maintain underwriting critical data identification process and inventory
  • Drive annual department procedure maintenance

Risk Support
  • Respond to and assist in audits and exams, the closure of Internal Audit findings, FHFA Matters Requiring Attention (MRA), and coordinate ERM loan review responses
  • Prepare analysis and respond to Operational Loss events and Controls Testing. Work with the Underwriting Management team to develop new controls and assist in periodic assessments of SOX control effectiveness
  • Support digital transformation adoption by reviewing process, risk and control documentation

  • Bachelor's degree in Business, Real Estate or Finance
  • Minimum of 5-7 years of related work experience
  • Knowledge of Risk Management and/or Operations
  • Strong organizational and project management skills

Keys to Success in this Role:
  • Strong collaboration skills
  • Excellent oral and written communications
  • Self-motivated and a team player

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:Administration

FLSA Status:Exempt

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