At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:- Our team sets nationally-recognized insurance standards for our Multifamily Borrowers and Lending Partners and implements those standards across various loan products and complex securitization deals
- We keep abreast of insurance market trends and how those impact the Multifamily Mortgage Industry through both technical research and industry collaboration, work with our Division partners on knowledge transfer, and support new initiatives and updates to Credit Policy
- We support tracking of catastrophic events and implementing rapid data collection on impacts to loan portfolios and insurance coverage, plus reporting results to Division leadership, Lender partners, and investors
- We work closely with Lender representatives and internal Division partners on complex insurance challenges and arriving at the best solutions for our customers
- Review borrower insurance coverage against commercial property and liability standards during loan origination and servicing; make recommendations related to acceptable exceptions
- Coordinate with multiple capital markets securitization teams in evaluating compliance with underwriting standards and preparation of disclosures of exceptions to deal representations and warranties
- Maintain professional relationships with internal and external colleagues while implementing day-to-day responsibilities, as well as resolving challenging situations that frequently require coordination across organizational lines, all while striving to continuously improve processes and user technology
- Lead and support new initiatives and process improvements that require critical thinking and development of sound recommendations
- Support updates to Division Credit Policy as well as enhancements to user technology related to insurance data and policy changes
- Assist internal and external customers with ad-hoc queries and advise on insurance issues and user technologies
- Complete research and data collection in support of analyzing factors that impact the overall Commercial Insurance Market including natural disasters and climate change trends; prepare reports and make recommendations related to market trends and how those impact the Multifamily lending industry
- College degree or equivalent experience related to insurance, risk management, business, or other relevant field
- 5 to 7 years relevant experience, preferably related to insurance risk management and the commercial/Multifamily mortgage industry
- Insurance industry professional designations are a plus, but not required
- Excellent oral and written communication skills
- Proficiency with Microsoft Office suite applications as well as general web-based technologies
- Strong consultative skills and ability to communicate with representatives from different technical backgrounds
- Ability to collaborate effectively across multiple, diverse teams, as well as work independently
- Ability to thrive in a fast-paced work environment while maintaining a positive outlook
- Knowledge of Mortgage industry business and servicing a plus
- Ability to find humor in most situations
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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 Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first 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 www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full timeFLSA Status:ExemptFreddie 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 $125,000 - $187,000 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.Top Skills
What We Do
Freddie Mac is serving America’s homebuyers, homeowners and renters by financing the creation and preservation of more affordable homeownership and rental opportunities, providing liquidity, stability and affordability to the housing market. We are Making Home Possible for families across the nation.
