Multifamily Underwriting Associate

Freddie Mac; McLean (VA); On-site; USD 91,000 - 137,000; Full time

Job summary

Freddie Mac Multifamily seeks a motivated underwriting professional to support Targeted Affordable Housing loans. You will assess credit risk, review investment briefs, and collaborate with lenders to structure multifamily deals.

The role focuses on underwriting, data quality for securitization, and resolving issues through disciplined analysis. Ideal candidates hold a related degree, have up to 2 years in CRE finance, and are proficient with Excel/Word.

Qualifications

• Bachelor's degree in Real Estate, Finance, Economics, Business Admin or related field or comparable experience.
• 0–2 years of related professional experience, preferably in multifamily or CRE finance.
• Proficiency with Microsoft Excel and Word.
• Strong written and verbal communication skills.
• Position requires travel.

Responsibilities

• Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties.
• Review and ensure concise, complete Investment Briefs and data quality for loan securitization.
• Analyze unique affordable housing pro forma statements, resolve third-party report issues, help structure deals and present for approval.
• Develop resolutions to problems of limited scope following procedures.

Skills

Excel

Word

Written & Verbal Communication

Travel readiness

Education

Bachelor's degree

Tools

Microsoft Excel

Microsoft Word

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it is 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

Qualifications:

• Bachelor's Degree in Real Estate, Finance, Economics, Business Administration, or related field or comparable amount of directly relevant professional experience

• 0 - 2 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

Keys to Success in this Role:

• 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

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.

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 $91,000 - $137,000 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.