Multifamily Underwriting Senior Associate– Affordable Housing

Freddie Mac•McLean, VA

4d•$108,000 - $138,000•Onsite

About The Position

Freddie Mac Multifamily is seeking a Multifamily Underwriting Professional for the Targeted Affordable Housing (TAH) team. This role involves underwriting TAH loans originated by Optigo Lenders, evaluating credit risk, and making decisions to mitigate risks. The position contributes to building a better housing finance system and making homeownership and rental housing more accessible and affordable nationwide.

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
Good knowledge of credit policy, procedures and systems
Consensus among Underwriting Managers and Senior Underwriters that underwriter has the capacity to effectively operate at the Professional level

Nice To Haves

Experience underwriting 80% of TAH products
Ability to underwrite and assist on other Specialty Products

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.
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.
Ensure work product exhibits minimal errors.