Multifamily Underwriting Senior

Freddie Mac Irvine , CA 92606

Posted 2 months ago

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.

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac's hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

Position Overview:

If you are a smart, 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 is looking to add a Underwriting Senior to its Irvine, CA Regional Office. As a member of the Small Balance Loans (SBL) team, your role will be to analyze and underwrite multifamily real estate transactions in compliance with guidelines and credit policy.

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:

  • We are responsible for underwriting Multifamily Small Balance Loans across the country, which are loans ranging from $1 million to $7.5 million dollars

  • Innovate based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit risk

  • Evaluate the overall story and make decisions based on the credit risk profile

  • Interact respectfully with a diverse group of coworkers, lenders, and borrowers

  • Provide stability and liquidity to the multifamily housing market by giving to Freddie Mac's mission-driven affordability goal

Your Impact:

  • Conduct inspections, both virtually and in-person, of multifamily properties that will serve as collateral for new loans

  • Analyze property's performance, third party reports and borrower due diligence

  • Evaluate the strengths and weaknesses of proposed loans from a credit or debt perspective

  • Identify risks in proposed loans by becoming proficient with Freddie Mac Multifamily's credit policy and lender guide

  • Relationship development: You will work to build relationships with other SBL team members across the country, our business partners at Freddie Mac, and our Optigo lenders

Qualifications:

5-6+ 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 or comparable amount of directly relevant professional experience

Knowledge of real estate property fundamentals and real estate lending/underwriting (especially for GSE)

Strong written and verbal communication skills

Position requires travel

Keys to Success in this Role:

  • Multi-task/prioritize

  • Relationship builder, excellent collaborator, and ability to work well within a team

  • Harness the power of data to formulate and inform communications

  • Keep calm under pressure

  • Be comfortable with transition and change

  • Strong work ethic / positive attitude!

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

Job Category:Underwriting

FLSA Status:Exempt

Freddie Mac provides anticipated base salary ranges where required by law.


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Multifamily Underwriting Senior

Freddie Mac