Analyst - Closing Cordinator

Socket.dev; Virginia (MN); On-site; USD 62,000 - 94,000; Full time

Job summary

Freddie Mac is seeking a closing coordinator for post-purchase transactions on multifamily loans and an analyst for complex multifamily loan transactions. The role supports issuance of approval letters, reviews legal documents, and coordinates execution of documents within a fast-paced securitization workflow.

Ideal candidates will have a Finance/Accounting background, strong Excel/Word skills, and a track record of handling large volumes of requests with excellent organizational and

Qualifications

• Bachelor’s Degree in Finance, Accounting, Business Administration (or related discipline) or equivalent experience.
• Strong expertise with Microsoft Excel and Word is an advantage.
• Efficient in managing large volumes of requests.

Responsibilities

• Serve as a closing coordinator for post-purchase transactions on multifamily loans.
• Coordinate execution and delivery of legal documents, review post-closing submissions to verify accuracy/completeness, update systems.
• Work closely with Underwriting, Capital Markets, Legal, Operations and others within Asset Management to ensure the securitization process runs smoothly.
• Support the transaction check-in process, which may entail reviewing submissions for completeness, corresponding with servicers concerning the status of submissions, and updating systems to reflect pipeline activity.
• Support analysts who analyze, underwrite, recommend and close post-funding transactions for complex multifamily loans. Prepare investment briefs and present recommendations.
• Prepare periodic reports with transaction data for internal distribution to other Multifamily departments / participate in initiatives to streamline business processes.

Skills

Excel

Word

Analytical skills

Communication

Education

Bachelor’s Degree in Finance, Accounting, Business Administration (or related discipline)

Tools

Microsoft Excel

Microsoft Word

Job description

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.

Position Overview

Come join our exciting Multifamily team! This position is critical – serving as closing coordinator for post-purchase transactions and an analyst for complex multifamily loan transactions.

Our Impact

The Multifamily Asset Management Borrower Transactions Team impacts Real Estate Market:

• Liquidity: Outstanding requests to make changes to existing loans must be resolved before the loans can be sold, the risk can be transferred to investors in a securitized loan pool, and Freddie Mac can use the funds from the sale to buy more loans from the Optigo Lenders.
• Stability: The Borrower Transactions team reviews/approves loan assumptions – a competitive advantage for Borrowers wanting to sell their properties in times of restricted credit opportunities.
• Affordability: Freddie Mac is a small balance loan leader – providing small loans to markets that have been historically under-served. The Borrower Transactions team supports this effort with a streamlined review process and lower fee structure.

Your Impact

• Serve as a closing coordinator for post-purchase transactions on multifamily loans—provide support for issuance of approval letters, & reviewing legal documents to ensure all approval conditions are accurately reflected.

• Coordinate execution and delivery of legal documents, review post-closing submissions to verify accuracy/completeness, follow up on open items as needed, and update systems to reflect changes.
• Work closely with counterparts in Underwriting, Capital Markets, Legal, Operations and others within Asset Management to ensure the securitization process runs smoothly / Manage key customer relationships while managing a high volume of transactions.
• Support the transaction check-in process, which may entail reviewing submissions for completeness, corresponding with servicers concerning the status of submissions, and updating systems to reflect pipeline activity.
• Support analysts who analyze, underwrite, recommend and close post-funding transactions for complex multifamily loans. Typical transactions the candidate must be able to complete include releases, subordinate debt approvals and other performing loan transaction/modification requests. The candidate will be required to prepare investment briefs and present recommendations.
• Prepare periodic reports with transaction data for internal distribution to other Multifamily departments / participate in initiatives to streamline business processes or other special projects as assigned

Qualifications

• Bachelor’s Degree in Finance, Accounting, Business Administration (or related discipline) or equivalent experience
• Strong expertise with Microsoft Excel and Word is an advantage

• Efficient in managing large volumes of requests

Keys to Success in this Role

• Excellent customer service and organizational skills
• Strong analytical, writing and verbal communication skills
• Flexible team player

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants

Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Time-type:Full timeFLSA Status:Non-Exempt

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 $62,000 - $94,000 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.