[Remote] Multifamily Underwriting Associate (Conventional Underwriting) - NYC (REMOTE)

Note: The job is a remote job and is open to candidates in USA. Freddie Mac is a leading organization in the housing finance sector, dedicated to making homeownership and rental housing more accessible. They are seeking a Multifamily Underwriting Associate to support the underwriting of multifamily conventional loans and manage the loan transaction process, contributing to the company's mission-driven affordability goals.

Responsibilities

• We are responsible for underwriting multifamily conventional loans structured and quoted by our Production partners and managing the loan transaction process from quote acceptance to loan approval, commitment, rate-lock and loan purchase
• 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
• Provide stability and liquidity to the multifamily housing market by supporting Freddie Mac’s mission-driven affordability goals
• Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties
• Analyze and evaluate due diligence documentation related to sponsor, property characteristics, operating history, property inspection, market, etc. and utilize this information to develop a pro forma income and expense statement
• Prepare concise, complete, and transparent Investment Briefs for loan approval and commitment and ensure accurate data quality for loan securitization
• Apply company principles/policies and critical thought to complete assigned tasks accurately, completely, and in a timely manner
• Collaborate and communicate with external and internal business partners to solve problems and achieve shared success

Skills

• Bachelor's degree in real estate, finance, economics, business administration, or related discipline
• 0 - 2 years of related work experience in the commercial/multifamily real estate industry
• Knowledge of real estate property fundamentals and real estate lending/underwriting
• Strong written and verbal communication skills
• Demonstrated proficiency with Microsoft Excel and Word
• Ability to travel domestically

Benefits

• Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs.
• Eligible to participate in the annual incentive program

Company Overview