Multifamily Underwriting Associate

Freddie Mac•McLean, VA

10d•Onsite

About The Position

Freddie Mac Multifamily is seeking a Multifamily Underwriting Professional to join the Targeted Affordable Housing team. This role is responsible for underwriting Targeted Affordable Housing (TAH) loans originated by Optigo Lenders. The team evaluates credit risk and finds creative ways to mitigate risks. In this role, you will contribute to building a better housing finance system and making homeownership and rental housing more accessible and affordable across the nation.

Requirements

Bachelor’s Degree in Real Estate, Finance, Economics, Business Administration, or related field or comparable amount of directly relevant professional experience
0 - 2 years of related professional experience, preferably in multifamily or commercial real estate finance
Demonstrated proficiency with Microsoft Excel and Word
Strong written and verbal communication skills
Position requires travel

Nice To Haves

Strong interest in a commercial real estate career
Excellent collaborator and phenomenal teammate
Sense of humor, strong work ethic, and positive attitude
Great multitasker
Keep 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 clear Investment Briefs and ensure accurate 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