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Multifamily Underwriting Senior Associate - Risk Distribution and Credit

FREDDIE MAC

Alternative Investments Asset Class Agnostic

McLean, VA

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: N/A

Education Required: N/A

Job Description

If you are driven, passionate about real estate, and thrive in a fast-paced environment, then Freddie Mac Multifamily Risk Distribution and Credit is the employer for you. The country's largest multifamily lender is seeking a highly motivated individual to join its collaborative team focusing on analysis and presentation of the credit underlying multifamily loans purchased by Freddie Mac where the risk is distributed to the private market. The goal of the team is to provide transparency, responsiveness and high-quality, loan-level information and analysis to the investor community. The Multifamily Underwriting Senior Associate role focuses on credit assessment and presentation of loans originated/purchased for Freddie Mac Multifamily's securitization platform. The hired candidate will evaluate loans for credit risk through the review and completion of Asset Summary Reports and other due diligence materials. Loan production is nationwide and spans multiple multifamily sub-types including student, seniors, and affordable housing. If you are interested in being intellectually challenged, helping create and preserve housing, and are a team player, come join a dynamic and exciting team.

Your Work Typically Will Fall Into the Following Categories:

Analysis

Analyze and recommend solutions for underwriting issues that arise during regional loan underwriting and securitization
Assist with training, provide direction to and review work product of junior employees on the team
Support and lead additional projects impacting risk distribution or cross-functional initiatives

Due Diligence

Monitor credit trends and summarize underwriting feedback from securitization for Freddie Mac Multifamily management and other internal parties

Communication

Act as a point of contact for business partners regarding securitizations, own the loan-level credit analysis and understand the collateral composition of the pool
Effectively communicate Freddie Mac's underwriting decisions and supporting detail to external parties in response to questions that arise during securitization due diligence process
Act as a Relationship Manager with internal business partners such as regional offices and specialty programs

Qualifications

Typically has 3 or more years of commercial real estate underwriting or credit analysis experience
Solid understanding of credit risk analysis and mitigation related to leverage, cash flow, rent rolls, third party reports, loan structure, borrower credit worthiness, market analysis and asset quality.
Bachelor's degree in Real Estate, Finance, Accounting or related field and/or comparable professional experience
Understanding of loan documents, purpose and structure
Excellent verbal and written communication skills
Strong analytical skills, critical thinking, and problem solving ability
Proficient in Microsoft Suite (Excel, Word, PowerPoint)

Keys to Success in this Role

Proficient understanding of commercial real estate underwriting
Ability to work efficiently and drive team execution under tight timelines, provide direction and prioritize between multiple assignments
Collaborative, positive, team player who enjoys being challenged and embraces change
Strong quantitative, analytical, interpersonal, and organizational skills

Top 3 Personal Competencies to Possess

Drive for Execution - Focus on results rather than the appearance of results
Customer Focus (Internal and External) - Deliver prompt and high quality customer service
Partnership - Build trust and strong partnership through my own and my team's actions

Preferred Skills

Additional Information

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.