Multifamily Underwriting Associate

Posted 6 Days Ago
Be an Early Applicant
McLean, VA, USA
In-Office
91K-137K Annually
Junior
Financial Services
The Role
Underwrite multifamily Targeted Affordable Housing mortgage loans through credit approval and closing. Review investment briefs, property financial statements, borrower finances, market analyses, inspections, and third-party reports. Analyze affordable housing pro formas, resolve transaction issues, support deal structuring, ensure data quality for securitization, and present transactions for approval. The role requires collaboration with producers, strong communication, Excel and Word proficiency, and travel.
Summary Generated by Built In

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:

If you are a hard-working, motivated and intellectually driven professional with a passion for commercial real estate (CRE) and finance, Freddie Mac Multifamily is the employer for you! The nation’s greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed-income with an annual platform exceeding $80 billion is looking to add a Multifamily Underwriting Professional to the Targeted Affordable Housing team.

 

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.

 

Our Impact:
  • Our team is responsible for underwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our network of Optigo Lenders

  • We are innovators in the industry by evaluating the story and making decisions based on the credit risk profile and finding creative ways to mitigate risks

 

Your Impact:
  • You will build toward credit approval and closing individual mortgage loans collateralized by multifamily properties

  • Accurately review and ensure concise, complete, and clear Investment Briefs and ensure accurate data quality for loan securitization

  • Analyze and conclude on unique affordable housing pro forma property financial statement considerations, resolve transactional issues that escalate in third party report, work with Producers to structure deals, review borrower financial position, market analysis, property inspections, present deals for approval as needed

  • Develop resolutions to problems of limited scope following specific and detailed procedures

 

Qualifications:
  • Bachelor’s Degree in Real Estate, Finance, Economics, Business Administration, or related field or comparable amount of directly relevant professional experience

  • 0 - 2 years of related professional experience, preferably in multifamily or commercial real estate finance

  • Demonstrated proficiency with Microsoft Excel and Word

  • Strong written and verbal communication skills

  • Position requires travel

 

Keys to Success in this Role:
  • Strong interest in a commercial real estate career

  • Excellent collaborator and phenomenal teammate

  • Sense of humor, strong work ethic, and positive attitude

  • Great multitasker

  • Keep calm under pressure

  • Stay current on policies and regulations that may affect the industry and be comfortable with transition and change

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 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 $91,000 - $137,000 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.

Skills Required

  • Bachelor's degree in Real Estate, Finance, Economics, Business Administration, or a related field, or comparable directly relevant professional experience
  • 0–2 years of related professional experience, preferably in multifamily or commercial real estate finance
  • Proficiency with Microsoft Excel and Microsoft Word
  • Strong written and verbal communication skills
  • Ability to travel

Freddie Mac Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Freddie Mac and has not been reviewed or approved by Freddie Mac.

  • Healthcare Strength Health, dental, and vision insurance are consistently described as core offerings, supported by disability and life insurance coverage. Wellbeing support is reinforced through resources like a wellness center and related health programs.
  • Retirement Support Retirement benefits are positioned as a standout element, including a 401(k) with a strong match structure and additional retirement-related features. Profit sharing and pension-plan references further increase the perceived depth of long-term financial support.
  • Parental & Family Support Family-oriented benefits are described as extensive, including paid leave for new mothers and parental leave for spouses/domestic partners. Fertility coverage, adoption/surrogacy reimbursement, and back-up child/elder care add practical support across multiple family needs.

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The Company
HQ: McLean, VA
9,809 Employees
Year Founded: 1970

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.

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