Loan Underwriter

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers.

Join Multifamily Underwriting to help build our newest and highest priority execution - origination of Small Balance Loans. Annual production in the Freddie Mac Small Balance Loan program is expected to grow and stabilize at $2 billion to $3 billion. The Multifamily Underwriter will report to the Underwriting Manager of Small Balance Loans and is responsible for evaluating and mitigating credit risk for conventional multifamily loans up to $5 million. The position has a national scope and will directly interact with external customers. The hired candidate will be responsible for analyzing various documents required for underwriting analysis and credit decisions. In addition, the Underwriter will be responsible for underwriting and processing loans through Freddie Mac systems and ensuring loan data integrity. All responsibilities build toward credit approval and closing individual mortgage loans collateralized by multifamily properties. The position has development potential for additional responsibilities and access to training and mentorship in a rapidly growing program. Responsibilities include: * Evaluate and negotiate all aspects of proposed loans for credit risk, prepare, review and obtain loan approvals, and issue Commitments * Build relationships with external customers to enhance underwriting execution and attract future business * Ensure accuracy of profoma property financial analysis based on historical property financial statements and market data, review third party reports (appraisal, SBL Physical Risk Report, etc) and analyze borrower/sponsor financial position and experience in order to size loan proceeds * Inspect subject and competing properties and their neighborhood and market for condition and income producing ability * Work efficiently in Microsoft Excel and Word, proprietary data systems, and on-line data sources * Apply job knowledge, company policies and principals and critical thinking to complete assigned tasks accurately, completely, and independently in a timely manner * Communicate daily to internal colleagues and external customers both via telephone and in writing * Develop resolutions to problems of limited scope following specific and detailed procedures to help drive efficiency to the high volume SBL Underwriting process

Basic Requirements * 3 to 7 years of real estate experience * Bachelor's degree in Finance, Business Administration, Economics or related discipline; Knowledge of real estate property fundamentals and real estate lending underwriting * Proficiency with Microsoft Excel and Word * Ability to travel domestically Preferred Skills * Experience underwriting multifamily loans between $1MM- $5MM * Advance degree