Multifamily Underwriting Senior Associate

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Job description

Job DescriptionAt 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. As part of Freddie Mac's return to the office pilot, all employees, contingent workers and visitors must be fully vaccinated against COVID-19 in order to be on-site unless they have an approved accommodation.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 is looking to add an Underwriting Senior Associate to its Chicago Regional office. As an associate on the Small Balance Loans (SBL) team, your role will be to analyze and underwrite multifamily real estate transactions in compliance with guidelines and credit policy.Our Impact:Our group is responsible for underwriting Multifamily Small Balance Loans across the country, which are loans ranging from $1 million to $7.5 million dollarsInnovate based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit riskEvaluating the overall story and making decisions on the credit risk profileInteract respectfully with a diverse group of coworkers, lenders, and borrowersProvide stability and liquidity to the multifamily housing market by giving to Freddie Mac's mission-driven affordability goalYour Impact:Conducting inspections, both virtually and in-person, of multifamily properties that will serve as collateral for new loansAnalyzing property's performance, third party reports and borrower due diligenceEvaluating the strengths and weaknesses of proposed loans from a credit or debt perspectiveLearning to identify risks in proposed loans by becoming proficient with Freddie Mac Multifamily's credit policy and lender guideRelationship development: You will work to build relationships with other SBL team members across the country, our business partners at Freddie Mac, and our Optigo lendersProcess improvement: You will help us constantly improve by looking for new ways to do things and providing feedbackLifelong learning: Maintain a growth mentality to seek feedback, provide feedback, participate in training and learning opportunities, and take charge of your personal career developmentQualifications:3-5 years of relative real estate experienceTypically has BA/BS degree or equivalent professional experience, advanced degree preferredKnowledge of real estate property fundamentals and real estate lending/underwritingHighly developed analytical skillsExceptional writing skillsProficiency with Microsoft Excel and WordAbility to travel domesticallyKeys to Success in this Role:Multi-task/prioritizeRelationship builder inside and outside of SBLHarness the power of data to formulate and inform communicationsKeep calm under pressureAbility to take initiative and perform optimally with minimal directionAdaptability and flexibility in times of change and uncertaintyUnderstanding of market trends in the industry and Freddie Mac's position in the marketDevelop resolutions to problems of limited scope following specific and detailed proceduresAbility to learn multifamily underwriting technology systems and tools that are specific to Freddie MacCurrent 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 and register with our referral code: MAC.Time-type:Full timeJob Category:UnderwritingFLSA Status:Exempt