Multifamily Underwriting Manager
Multifamily Underwriting Manager
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$ 155000 - 233000
1 Vacancy
Job Description
At Freddie Mac you will do important work to build a better housing finance system and youll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Position Overview:
If you are a hardworking motivated and intellectually driven professional with a passion for commercial real estate (CRE) and finance Freddie Mac Multifamily is the employer for you! Apply now and learn why Freddie Mac is #HomeToMore!
The role will provide risk analysis for loan originations structuring and negotiating transactions to minimize credit risk and directing a team of underwriters managing pipeline and timeframes to meet our customers closing of commercial real estate transactions.
Our Impact:
The nations greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixedincome with an annual platform exceeding $70 billion is looking to add a Multifamily Underwriting Manager to its Targeted Affordable Housing team. At Freddie Mac you will do important work to build a better housing finance system and youll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Your Impact:
Management
Manage and monitor pipeline of deals in underwriting stages. Pipeline management will require extensive updates and communication with external and internal customers
Direct management mentoring & training of underwriting staff
Analysis
Review and ensure concise complete and transparent Investment Briefs and ensure accurate data quality for loan securitization
Analyze and resolve various transactional issues that arise in various due diligence documents including sponsor financial information and property operating statements as well as thirdparty reports such as real estate appraisals engineering environmental and zoning reports
Perform due diligence to ensure the accuracy of submitted documentation and prepare deals for loan approval and loan commitment documents
Apply company principles/policies and critical thought to complete assigned tasks accurately completely and in a timely manner
Communication
Communicate daily with external customers and internal business partners including Underwriting leadership Production Legal and Capital Markets to resolve issues as they arise through the underwriting process to achieve shared success
Provide ad hoc reporting and management feedback
Qualifications
Bachelors degree in Finance Real Estate or related field and/or equivalent experience
Typically has 8 years of Multifamily underwriting experience
Knowledge of real estate property fundamentals and real estate lending/underwriting (especially for GSE)
Strong written and verbal communication skills
Leadership and management experience
Position requires up to 25 travel
Keys to success in this role:
Multifamily Credit and Underwriting expertise
Curiosity and interest in the commercial real estate industry
Phenomenal teammate with positive attitude
Good work ethic
Intellectual agility and interpersonal flexibility
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 youll 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.
A safe and secure environment is critical to Freddie Macs business. This includes employee commitment to our acceptable use policy applying a vigilancefirst approach to work supporting regulatory mandates and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
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 and register with our referral code: MAC.
Timetype:Full timeFLSA Status:ExemptFreddie Mac offers a comprehensive total rewards package to include competitive compensation and marketleading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized marketbased salary range of $155000 $233000 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.Required Experience:
Manager
Employment Type
Full-Time
