Multifamily Underwriting Professional - Affordable Housing

Location: McLean, VA • Employment Type: Full-time

About The Employer

At Freddie Mac, our mission of Making Home Possible is what motivates us. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Freddie Mac Multifamily is the nation's largest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed-income, with an annual platform exceeding $80 billion.

About The Role

The Targeted Affordable Housing (TAH) team is looking to add a Multifamily Underwriting Professional responsible for underwriting Targeted Affordable Housing loans originated coast to coast by Freddie Mac's network of Optigo Lenders. The team evaluates the story behind each deal and makes decisions based on the credit risk profile, finding creative ways to mitigate risk.

Responsibilities

• 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, and resolve transactional issues that escalate in third-party reports
• Work with Producers to structure deals, review borrower financial position, market analysis, and property inspections, and present deals for approval as needed
• Develop resolutions to problems of limited scope following specific and detailed procedures

Requirements

• 2-4 years of related professional experience, preferably in multifamily or commercial real estate finance
• Bachelor's degree in Real Estate, Finance, Economics, Business Administration, or a related field
• Demonstrated proficiency with Microsoft Excel and Word
• Strong written and verbal communication skills

Preferred Qualifications

• Ability to manage two transactions independently at a given time and drive to 90-100% completion
• Good knowledge of credit policy, procedures, and systems
• Demonstrated ability to lead Optigo Lender calls
• Experience underwriting 80% of TAH products, and ability to underwrite and assist on other Specialty Products
• Ability to tackle and effectively complete additional tasks and assignments at the request of Senior Underwriters and above
• Ability to raise issues in a timely fashion and make recommendations on how to resolve them

Pay

$108K-$160K annually, and eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and depends on the responsibilities of the position, experience, skill set, internal pay equity, and other relevant qualifications.

Benefits

Freddie Mac offers a comprehensive total rewards package including competitive compensation and market-leading benefit programs.