If you are a smart, curious, self-motivated professional with a passion for multifamily real estate, Freddie Mac Multifamily might be the employer for you. We are looking for a Multifamily Underwriting Professional to join our team to help build and grow our newest and highest priority execution - origination of Small Balance Loans (SBL). This team is responsible for evaluating and mitigating credit risk for standard multifamily loans up to $7.5 million, and annual production in the Freddie Mac SBL program is expected to grow and stabilize at over $10 billion annually. If you are interested in being professionally challenged, being a part of an execution with big growth potential, all while working for the largest Multifamily lender in the country, come join our dynamic and exciting team in our New York office!
Your work falls into three primary categories:
Review and ensure concise, complete, and transparent Investment Briefs and ensure accurate data quality for loan securitization
Opine and conclude on unique SBL pro forma property financial statement considerations, resolve transactional issues that escalate in third party report, work with Producers to structure deals, review of borrower financial position, market analysis, property inspections, present deals for approval as needed
Minimize major audit findings; promptly identify and successfully resolve operational issues
All responsibilities build toward credit approval and closing individual mortgage loans collateralized by multifamily properties.
Structure and Development
Proven ability to learn fast in diverse business environments
Competent at project management and juggling multiple, fast paced deliverables
Ability to thrive under pressure
Understand and convey market implications on subject asset
Develop resolutions to problems of limited scope following specific and detailed procedures
Keep updated on policies and regulations that may affect the industry and be comfortable with transition and change.
Collaborate with external customers, internal business partners, such as loan producers and legal counsel, and the leadership team to achieve shared success
Work closely with SBL Seller/Servicers to maximize efficiency and transparency in the Prior Approval model
Participating in providing reporting and management feedback.
Recommending changes to policies and establishes procedures that affect immediate organization's operation
Typically has BA/BS degree or equivalent professional experience, advanced degree preferred
A minimum of 5 years of directly related work experience in the multifamily real estate industry
Deep knowledge of real estate property fundamentals and real estate lending/underwriting
Proficiency with Microsoft Excel and Word
Ability to travel domestically
Keys to success in this role
Relationship builder inside and outside of SBL
Harness the power of data to formulate and inform communications
Keep calm under pressure
Stay current on policies and regulations that may affect the industry and be comfortable with transition and change
Top 3 Personal Competencies to possess
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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.