Multifamily Underwriting Associate (Conventional Underwriting) - NYC (REMOTE)

Freddie Mac • New York, NY

2d • $91,000 - $137,000 • Remote

About The Position

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. Must live in the NY Metro area to be considered for this opportunity. 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 and issuer of securitized fixed-income with an annual platform exceeding $70 billion is looking to add a Multifamily Underwriting Associate to its New York City team. 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. If you are an analytical team player who is interested in a multifamily commercial real estate career, please submit your application to join our exciting and dynamic organization! Our Impact: 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 Your Impact: 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

Requirements

• 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

Responsibilities

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level