Underwriting Manager Underwriting Manager …

Freddie Mac
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Freddie Mac
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Underwriting Manager


08/13/2019



MF Underwriting Mgr

Work Location

Chicago, IL

FLSA Status

Exempt

Req Number

12321BR

Full Time/Part Time

Full-time

Job Type

Regular

Position Overview

Do you want to join the Freddie Macs growing Multifamily debt offering in Seniors Housing?  Are you an already in the Seniors Housing industry or in the Multifamily industry and wanting to differentiate your skill set? We are looking for a person with a strong analytic and communication background to join our fast-paced and highly talented Freddie Mac Seniors Housing Underwriting team.  As a Multifamily Underwriting Manager, you will manage the pipeline of Seniors Housing loans in underwriting, evaluate proposed loans for credit risk, negotiate loan structure where appropriate and exercise loan approval authority. You will also be responsible for direct management, mentoring & training of experienced underwriting staff.  This includes evaluating the overall story, making decisions on the credit risk profile.  Were looking for someone who is well versed in commercial real estate debt or asset management who can make good credit and structuring decisions.  If that describes you, join our Seniors Housing team in Chicago, IL or McLean, VA and apply today!
 
Your Work Falls Into Three Primary Categories:

Management
  • Manage and monitor pipeline of deals in underwriting stages. Pipeline management will require extensive updates and communication with external and internal customers
  • Manage and mentor a team of up to 4 Underwriting staff in person and remotely utilizing excellent interpersonal skills that encourage team cooperation, promote enthusiasm, and both demonstrate and motivate strategic thinking
  • Provide guidance to subordinates within the latitude of established company policies while assuring adherence to budgets, schedules, work plans, and performance requirements
  • Receive assignments in the form of objectives and determines how to use resources to meet schedules and goals
  • Complete tasks under a deadline and handling large volume of loan request
  • Recommend changes to policies and establishing procedures that affect immediate organization's operation
Analysis
  • Apply in-depth knowledge of seniors housing marketplace and Freddie Mac to ensure loans qualify under program credit requirements
  • Review and ensure concise, complete, and transparent Investment Briefs and ensure accurate data quality for loan securitization
  • Opine and conclude on unique Seniors Housing pro forma property financial statement considerations, resolve transactional issues that escalate in third party report, work with Optigo Lenders to structure deals, review of borrower financial position, market analysis, property inspections, present deals for approval as needed
  • Minimize major audit findings; promptly identify and successfully resolve operational issues and participating in providing reporting and management feedback on these activities
  • Keep abreast of market changes and product enhancements needed to remain current and competitive
Customer Communication
  • Collaborate with external customers, internal business partners, such as loan producers and legal counsel, and the leadership team to achieve shared success
  • Work closely with Seniors Housing Optigo Lenders to maximize efficiency and transparency in the Prior Approval model


Work Location Zip Code

60606

Division

Multifamily

Qualifications

  • Typically has a Bachelors degree or equivalent professional experience
  • Minimum of 8+ years of Multifamily underwriting experience
  • GSE lending experience
  • Seniors Housing knowledge
  • Excellent communication and presentation skills
  • Position requires travel approximately 10% of time
Keys to Success in this Role
  • Relationship building inside and outside of Seniors Housing
  • Harnessing the power of data to formulate and inform communications
  • Ability to multi-task and prioritize while keeping calm under pressure
  • Staying current on policies and regulations that may affect the industry and be comfortable with transition and change
Top 3 Personal Competencies to Possess
  • Partnership Build trust and strong partnerships through my own and my teams actions
  • Customer Focus Personally engage with customers to learn and deliver on their needs
  • Leadership Set and execute upon a clear vision, strategy and goals while being a role model for our target culture


Work Location City

Chicago

Posting Title

Multifamily Underwriting Manager - Seniors Housing

Preferred Skills

  • 5+ years of GSE underwriting experience
  • 3+ years of management experience
  • Graduate degree in Real Estate and/or Finance
  • Ability to innovate and think outside of the box
  • Strong network of commercial real estate lending contacts


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 youll 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

Multifamily & Commercial Real Estate

Job Sub-Category

Commercial Underwriting
Close
Loading...