Multifamily Senior Underwriter (Targeted Affordable Housing)
About The Position
Freddie Mac Multifamily is seeking a Multifamily Underwriting Senior to join the Targeted Affordable Housing (TAH) team. This role is responsible for underwriting TAH loans originated by Optigo Lenders nationwide. The team evaluates credit risk profiles and finds creative ways to mitigate risks, contributing to Freddie Mac's position as a leading financier of multifamily housing. The position involves building toward credit approval and closing individual mortgage loans, reviewing financial statements, resolving transactional issues, structuring deals, and presenting them for approval. The role requires strong collaboration with Optigo Lenders and a commitment to making housing more accessible and affordable.
Requirements
- Bachelor’s Degree in Real Estate, Finance, Economics, Business Administration, or related discipline or comparable amount of directly relevant professional experience
- 5 + years of related professional experience preferably in multifamily or commercial real estate finance
- Knowledge of real estate property fundamentals and real estate lending/underwriting
- Familiarity with target affordable housing debt structures and products (i.e., tax exempt loans, forward commitments, preservation rehabs, etc.) helpful
- Strong written and verbal communication skills
- Demonstrated proficiency with Microsoft Excel and Word
- Position requires travel for property inspections (10% or less)
Nice To Haves
- Strong interest in a commercial real estate career
- Excellent collaborator and phenomenal teammate
- Strong work ethic, and positive attitude
- Proficient multitasker that keeps calm under pressure
- Stay current on policies and regulations that may affect the industry and be comfortable with transition and change
Responsibilities
- Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties
- Accurately review and ensure concise, complete, and transparent Investment Briefs and ensure data quality for loan securitization
- Analyze and conclude on unique affordable housing pro forma property financial statement considerations
- Resolve transactional issues that escalate in third party reports
- Work with Producers to structure deals
- Review borrower financial position, market analysis, and property inspections
- Present deals for approval as needed
- Develop resolutions to problems of limited scope following specific and detailed procedures
- Build strong relationships with Optigo Lenders
Benefits
- Competitive compensation
- Market-leading benefit programs
- Annual incentive program
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What This Job Offers
Job Type
Full-time
Career Level
Senior
