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Freddie Mac

MF Underwriting Prf

Freddie Mac - Chicago, IL

MF Underwriting Prf

in

Chicago

Illinois

9422BR

Work Location:

Chicago, IL

FLSA Status:

Exempt

Req Number:

9422BR

Full Time/Part Time:

Full-time

Job Type:

Regular

Position Overview:

The Multifamily Underwriting Professional reports to the Underwriting Manager and is responsible for evaluating and mitigating credit risk for Small Balance Lending multifamily loans that are underwritten by the North Central Regional Office. The hired candidate will be responsible for making approval recommendations based on a critical analysis of various documents, including those related to sponsor financial information and property operating statements as well as third-party reports such as real estate appraisals, engineering, environmental and zoning reports. In addition, the Underwriter’s duties will include collecting, entering, and conforming data from various sources, resolving discrepancies and ensuring loan data integrity.

Responsibilities include:

Evaluate proposed loans for credit risk, negotiate, and obtain deal approvals, oversee the preparation and issuing of commitments

Creating and/or finalizing pro formas, I&E and rent roll analysis, review of third party reports, working with producers to structure deals, review of borrower financial position, market analysis, property inspections, presenting deals for approval and preparing loan commitment documents

Working efficiently in Microsoft Excel and Word, proprietary data systems and on-line data sources

Applying job knowledge, company policies and principles and critical thinking to complete assigned tasks accurately, completely, independently and in a timely manner

Communication daily by telephone and an in writing with internal business partners as well as external customers. Communication involves obtaining or providing information on matters of importance to the function of the department and/or which may be of a sensitive nature to the company

Provides resolutions to an assortment of problems

Work Location Zip Code:

60606

Division:

Multifamily

Qualifications:

• Typically has two to four years of directly related experience

• Bachelor’s Degree in Finance, Business Administration or related discipline

• Proficiency with Microsoft Excel and Word

• Knowledge of basic Multifamily property fundamentals

Work Location City:

Chicago

Posting Title:

MF Underwriting Professional - Small Balance Loan Execution

Preferred Skills:

• Financial services background

• Multifamily mortgage lending experience

Closing Statement:

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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.

Work Location State:

IL

Job Category:

Mortgage & Underwriting

Job Sub-Category:

Commercial Underwriting

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MF Underwriting Prf Freddie Mac - Chicago, IL, United States

   

Location: Chicago, IL

Company Profile:
Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.