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Seniors Housing Commercial Underwriter (Hybrid - 3 Days in Office)

Location
Chicago, Illinois
Job Type
Permanent
Posted
8 Sep 2022
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.

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac's hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

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 $70 billion is looking to add a Multifamily Professional Underwriter to its Chicago Seniors Housing team. If you are an analytical teammate who is interested in a multifamily commercial real estate career, please submit your application to join our exciting and dynamic organization!

Our Impact:

We are responsible for underwriting multifamily Seniors Housing loans structured and quoted by our Production partners and managing the loan transaction process from quote acceptance to loan approval, commitment, rate-lock and loan purchase.

Innovate based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit risk
Evaluate the story and make decisions based on the credit risk profile
Provide stability and liquidity to the multifamily housing market by supporting Freddie Mac's affordability goals

Your Impact:

Build toward credit approval and closing individual mortgage loans collateralized by multifamily properties
Analyze and evaluate due diligence documentation related to sponsor, property characteristics (including unique features related to seniors housing operation), operating history, property inspection, market, etc. and apply this information to develop a pro forma income and expense statement
Prepare concise, complete, and transparent Investment Briefs for loan approval and commitment and ensure accurate data quality for loan securitization
Apply company principles/policies and critical thought to complete assigned tasks accurately, completely, and in a timely manner
Collaborate and communicate with external and internal business partners to solve problems and achieve shared success
Lead a team of less experienced underwriters (including training, providing guidance, and delegating and overseeing the timely execution of tasks and transactions)

Qualifications:

2 to 4 (Professional) years of related work experience in the commercial or multifamily real estate lending, development, banking, or appraisal industries
Knowledge of income producing real estate property fundamentals, such as cash flow and valuation analyses
Strong written and verbal communication skills
Proficient with Microsoft Excel and Word
Ability to travel domestically
Bachelor's degree in real estate, finance, economics, business administration, or related field

Keys to Success in this Role:

Multi-task/prioritize
Relationship builder, excellent collaborator, and ability to work well within a team
Harness the power of data to formulate and inform communications
Keep calm under pressure
Be comfortable with transition and change
Strong work ethic / positive demeanor
Stay current on policies and regulations that may affect the industry

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.

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 and register with our referral code: MAC.

Time-type:Full time

Job Category:Underwriting

FLSA Status:Exempt

Freddie Mac provides anticipated base salary ranges where required by law.
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Details

  • Job Reference: 707234040-2
  • Date Posted: 8 September 2022
  • Recruiter: Freddie Mac
  • Location: Chicago, Illinois
  • Salary: On Application
  • Sector: Insurance & Superannuation
  • Job Type: Permanent