Multifamily Underwriting Senior Associate– Affordable Housing

Freddie Mac•McLean, VA

2d•Onsite

About The Position

Freddie Mac Multifamily is seeking a Multifamily Underwriting Professional for the Targeted Affordable Housing team. This role involves underwriting Targeted Affordable Housing (TAH) loans originated by Optigo Lenders. The team is innovative in evaluating credit risk and mitigating risks. The impact of this role is to contribute to building a better housing finance system and making homeownership and rental housing more accessible and affordable nationwide. The position requires building toward credit approval and closing individual mortgage loans collateralized by multifamily properties. Responsibilities include reviewing Investment Briefs, analyzing affordable housing pro forma property financial statements, resolving transactional issues, structuring deals with Producers, reviewing borrower financial positions, market analysis, property inspections, and presenting deals for approval.

Requirements

1 - 3 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

Has a good knowledge of credit policy, procedures and systems
Demonstrates ability to lead Optigo Lender calls
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 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.
Manage 2 transactions independently at a given time and drive to 90% to 100% completion.
Lead Optigo Lender calls.
Tackle and effectively complete additional tasks and assignments at the request of Senior Underwriters and above.
Underwrite 80% of TAH products.
Underwrite and assist on other Specialty Products.
Raise issues in a timely fashion and make recommendations on how to resolve issues rather than waiting on what to be told to do.