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Multifamily Underwriting Associate (Hybrid - 3 Days in Office)

Company: Freddie Mac
Location: New York
Posted on: November 26, 2022

Job Description:

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.

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac's hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

Position Overview:

If you are a hard-working, 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 a Multifamily Underwriting Associate to its New York, NY Regional Office. As a member of 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:

We are responsible for underwriting Multifamily Small Balance Loans across the country, which are loans ranging from $1 million to $7.5 million dollars

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

Interact respectfully with a diverse group of coworkers, lenders, and borrowers

Provide stability and liquidity to the multifamily housing market by giving to Freddie Mac's mission-driven affordability goal

Your Impact:

Conduct inspections, both virtually and in-person, of multifamily properties that will serve as collateral for new loans

Analyze property's performance, third party reports and borrower due diligence

Evaluate the strengths and weaknesses of proposed loans from a credit or debt perspective

Identify risks in proposed loans by becoming proficient with Freddie Mac Multifamily's credit policy and lender guide

Relationship development: You will work to build relationships with other SBL team members across the country, our business partners at Freddie Mac, and our Optigo lenders

Operational improvement: You will help us constantly improve by looking for new ways to do things and providing feedback

Lifelong learning: Maintain a growth mentality to seek feedback, provide feedback, participate in training and learning opportunities, and take charge of your personal career development

Qualifications:

1 to 3 years of relative real estate experience

Typically has BA/BS degree or equivalent professional experience, advanced degree preferred

Knowledge of real estate property fundamentals and real estate lending/underwriting

Highly developed analytical skills

Exceptional writing skills

Proficiency with Microsoft Excel and Word

Ability to travel domestically

Keys to Success in this Role:

Multi-task/prioritize

Relationship builder inside and outside of SBL

Harness the power of data to formulate and inform communications

Keep calm under pressure

Ability to take initiative and perform optimally with minimal direction

Adaptability and flexibility in times of change and uncertainty

Understanding of market trends in the industry and Freddie Mac's position in the market

Develop resolutions to problems of limited scope following specific and detailed procedures

Ability to learn multifamily underwriting technology systems and tools that are specific to Freddie Mac

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

The anticipated annualized base salary range for this position is $76,000 to $114,000 and is eligible to participate in the annual incentive program.%53687875%

Keywords: Freddie Mac, New York , Multifamily Underwriting Associate (Hybrid - 3 Days in Office), Other , New York, New York

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