Multifamily Underwriting Analyst

Freddie Mac•McLean, VA

2d•Onsite

About The Position

Freddie Mac is seeking an analytical and driven Multifamily Underwriting Analyst to join their fast-paced team. This role is crucial for assessing the credit quality of loan production and underwriting for a specific territory, customer group, or product type. The analyst will evaluate loan proposals for credit risk, negotiate terms, obtain deal approvals, and oversee the issuance of commitments. Responsibilities include creating proformas, analyzing income/expenses and rent rolls, reviewing third-party reports, structuring deals with producers, assessing borrower financials, conducting market analysis, performing property inspections, and presenting deals for approval. The role also involves underwriting various property types, including bonds and seniors deals. This position requires a comprehensive understanding of the technical aspects of the job and their application to complex problems, with work completed under minimal supervision. The analyst will frequently interact with internal and external stakeholders on matters of moderate to sensitive importance. Our Impact: The Multifamily Underwriting team is responsible for underwriting conventional multifamily loans originated by Production partners. They innovate based on market behaviors, efficiently analyze and mitigate credit risk, and clearly define it. The team evaluates the overall story of a loan to make decisions on its credit risk profile. Your Impact: You will contribute to the credit approval and closing of individual mortgage loans collateralized by multifamily properties. You will accurately prepare concise, complete, and clear Investment Briefs for loan approval and commitment. You will apply company principles, policies, and critical thought to complete assigned tasks accurately, completely, and in a timely manner. You will collaborate and communicate with external and internal business partners to solve problems and achieve shared success.

Requirements

Bachelor’s degree in real estate, finance, economics, business administration, or related field
0 - 1 years of related work experience in the commercial/multifamily or real estate industry
Knowledge of real estate property fundamentals and real estate lending/underwriting
Strong written and verbal communication skills
Ability to travel domestically (20 - 25%)
Multi-task/prioritize
Relationship builder inside and outside of multifamily underwriting
Harness the power of data to formulate and inform communications
Keep calm under pressure
Comfortable with transition and change

Responsibilities

Assists with credit quality of loan production and underwriting for a particular territory, group of customers and/or product type.
Assists with evaluating proposed loans for credit risk, negotiating, and obtaining deal approvals, overseeing the preparation and issuing of commitments.
Creating and/or finalizing proformas, I&E and rent roll analysis, review of third party reports, working with producers to structure deals, review of borrower financial position, market analysis, property inspections, presenting deals for approval.
Assists with underwriting all property types, including bonds and seniors deals.
Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties.
Accurately prepare concise, complete, and clear Investment Briefs for loan approval and loan commitment.
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.