At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Position Overview:
Do you thrive in a fast-paced environment? Are you intellectually driven and passionate about real estate? Risk Distribution and Credit is seeking a highly motivated individual to join its team in focusing on the presentation quality and credit assessment of loans originated for Freddie Mac's Multifamily securitization platform. The hired candidate will lead a deal team in evaluating loans for credit risk through the review of I&E/cash flow and rent roll analysis, third party reports, loan structure, borrower credit worthiness, market analysis, asset quality, and final loan documents. Loan production is nationwide and spans multiple multifamily sub-types including student, seniors, and affordable housing.
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Our Impact:
- The RDC Team is responsible for credit and underwriting analysis and the creation of Asset Summary Reports.
- Support the Securitization due diligence process by representing the Freddie Mac credit perspective to our external stakeholders, investors and rating agencies.
- Collaborate with internal stakeholders, Capital Markets, Underwriting, Production, Asset Management, and Legal, to validate and update pertinent loan information.
- Create and maintain credit reporting documents, including securitization feedback, and trend analyses distributed to Senior Management and across the Multifamily Division.
- Review and provide the MF SVP Credit & Underwriting recommendations for credit approvals.
Your Impact:
- Evaluate loans for credit risk through the review of I&E/cash flow and rent roll analysis, third party reports, loan structure, borrower credit worthiness, market analysis, asset quality, and final loan documents.
- Lead deals managing the securitization due diligence process as the main RDC point of contact with internal stakeholders. Drive deal team execution.
- Meet critical securitization deadlines in delivering Asset Summary Reports, Rating Agency/Investor Q&A to Capital Markets, and credit concern follow-ups.
- Effectively communicate Freddie Mac's credit underwriting decisions on investor and rating agency calls.
- Regional and/or Specialty point of contact for SVP MF Credit & Underwriting credit approvals and questions/concerns related to securitization.
- Mentor and develop junior team members. Provide direction, review work, and assist in resolving complex credit issues.
- Lead ad hoc projects and MF Division/RDC initiatives as assigned.
Qualifications:
- 2-4+ years of multifamily or commercial underwriting 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
- Understanding of loan documents, purpose and structure
- Bachelor's degree or advanced degree in Real Estate, Finance, Economics, or related field
- Strong quantitative, analytical, interpersonal, organizational skills
- Proficient in Microsoft Office (Excel, Word, PowerPoint)
- Excellent written and verbal communication skills
Keys to Success in this Role:
- Prior experience with GSE multifamily lending, CMBS, rating agencies, or commercial real estate underwriting
- Advanced financial modeling skills
- Proactive and creative problem-solving skills
- Ability to work efficiently under tight timelines prioritizing multiple tasks
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 you'll 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.
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 www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $106,000 - $160,000 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.