[Remote] Multifamily Underwriting Associate (Conventional Underwriting) - NYC (REMOTE)
Note: The job is a remote job and is open to candidates in USA. Freddie Mac is a leading organization in the housing finance sector, dedicated to making homeownership and rental housing more accessible. They are seeking a Multifamily Underwriting Associate to support the underwriting of multifamily conventional loans and manage the loan transaction process, contributing to the company's mission-driven affordability goals.
Responsibilities
- We are responsible for underwriting multifamily conventional loans structured and quoted by our Production partners and managing the loan transaction process from quote acceptance to loan approval, commitment, rate-lock and loan purchase
- Innovate based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit risk
- Evaluate the overall story and make decisions based on the credit risk profile
- Provide stability and liquidity to the multifamily housing market by supporting Freddie Mac’s mission-driven affordability goals
- Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties
- Analyze and evaluate due diligence documentation related to sponsor, property characteristics, operating history, property inspection, market, etc. and utilize this information to develop a pro forma income and expense statement
- Prepare concise, complete, and transparent Investment Briefs for loan approval and commitment and ensure accurate data quality for loan securitization
- 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
Skills
- Bachelor's degree in real estate, finance, economics, business administration, or related discipline
- 0 - 2 years of related work experience in the commercial/multifamily real estate industry
- Knowledge of real estate property fundamentals and real estate lending/underwriting
- Strong written and verbal communication skills
- Demonstrated proficiency with Microsoft Excel and Word
- Ability to travel domestically
Benefits
- Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs.
- Eligible to participate in the annual incentive program
Company Overview