Multifamily Underwriting Professional

Freddie Mac • Chicago, IL

14h • $108,000 - $160,000

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. Continue your career journey where your work contributes to a greater purpose.
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 $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 Impact:
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
Your Impact:
You will 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

Requirements

• Bachelor’s Degree in Real Estate, Finance, Economics, Business Administration, or related field or comparable amount of directly relevant professional experience
• 2 - 4+ 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 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

Benefits

• Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs.
• Information on these benefit programs is available on our Careers site.
• This position has an annualized market-based salary range of $108,000 - $160,000 and is eligible to participate in the annual incentive program.
• The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

What This Job Offers

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