Multifamily Underwriting Professional – Affordable Housing

Freddie Mac•McLean, VA

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. The nation’s greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed-income with an annual platform exceeding $80 billion is looking to add a Multifamily Underwriting Professional to the Targeted Affordable Housing 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. Our team is responsible for underwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our network of Optigo Lenders. We are innovators in the industry by evaluating the story and making decisions based on the credit risk profile and finding creative ways to mitigate risks.

Requirements

2 - 4 years of related professional experience, preferably in multifamily or commercial real estate finance
Bachelor’s degree in Real Estate, Finance, Economics, Business Administration, or related field
Demonstrated proficiency with Microsoft Excel and Word
Strong written and verbal communication skills

Nice To Haves

Ability to manage 2 transactions independently at a given time and drive to 90% to 100% completion
Has a good knowledge of credit policy, procedures and systems
Demonstrates ability to lead Optigo Lender calls
Tackle and effectively complete additional tasks and assignments at the request of Senior Underwriters and above
Experience underwriting 80% of TAH products
Ability to underwrite and assist on other Specialty Products
Raises issues in a timely fashion and makes recommendations on how to resolve issues rather than waiting on what to be told to do
Consensus among Underwriting Managers and Senior Underwriters that underwriter has the capacity to effectively operate at the Professional level
Work product exhibits minimal errors

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 report
Work with Producers to structure deals
Review borrower financial position, market analysis, property inspections
Present deals for approval as needed
Develop resolutions to problems of limited scope following specific and detailed procedures