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Multifamily Underwriting, Associate (Risk Distribution & Credit) - Hybrid - 3 days in office - Chicago

AT Freddie Mac
Freddie Mac

Multifamily Underwriting, Associate (Risk Distribution & Credit) - Hybrid - 3 days in office - Chicago

Chicago, IL

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? Do you like taking on new challenges? Risk Distribution and Credit is seeking a highly motivated individual to join its team in focusing on the information quality and credit assessment of loans originated for Freddie Mac's Multifamily securitization platform. The hired candidate will 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. Loan production is nationwide and spans multiple multifamily sub-types including student, seniors, and affordable housing.

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Our Impact:

  • Our team is responsible for credit and underwriting analysis and the creation of Asset Summary Reports
  • Support the Securitization due diligence process; assist with addressing rating agency and investor questions.
  • Collaborate with Capital Markets, Underwriting, Production, Asset Management, and Legal to validate and update pertinent loan information.
  • Create and maintain credit reporting documents and trend analysis databases to be reported to Senior Management and across the Multifamily Division.

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.
  • Provide analytical and market research support for the team and undertake additional ancillary projects as needed.
  • Ensure timely completion and delivery of Asset Summary Reports and Rating Agency/Investor Q&A to Capital Markets

Qualifications:

  • 1-3 years of demonstrated interest or experience in multifamily or commercial real estate
  • Bachelor's degree in Real Estate, Finance, Economics, or related field
  • Strong quantitative, analytical, interpersonal, organizational skills
  • Proficiency with Microsoft Office (Excel, Word, PowerPoint)
  • Ability to work efficiently under tight timelines and prioritize multiple assignments

Keys to Success in this Role:

  • Prior experience with CMBS, GSE multifamily lending, rating agencies, or asset management
  • Advanced financial modeling skills
  • Excellent written and verbal communication skills

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 $86,000 - $128,000 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.

Client-provided location(s): Chicago, IL, USA
Job ID: Freddie_Mac-JR14053
Employment Type: Other