Serve as a closing coordinator for post-purchase transactions on multifamily loans—provide support for issuance of approval letters, & reviewing legal documents to ensure all approval conditions are accurately reflected. Coordinate execution and delivery of legal documents, review post-closing submissions to verify accuracy/completeness, follow up on open items as needed, and update systems to reflect changes. Work closely with counterparts in Underwriting, Capital Markets, Legal, Operations a... more details
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.
Position Overview:
- Serve as a closing coordinator for post-purchase transactions on multifamily loans—provide support for issuance of approval letters, & reviewing legal documents to ensure all approval conditions are accurately reflected
- Coordinate execution and delivery of legal documents, review post-closing submissions to verify accuracy/completeness, follow up on open items as needed, and update systems to reflect changes
- Work closely with counterparts in Underwriting, Capital Markets, Legal, Operations and others within Asset Management to ensure the securitization process runs smoothly / Manage key customer relationships while managing a high volume of transactions
- Support the transaction check-in process, which may entail reviewing submissions for completeness, corresponding with servicers concerning the status of submissions, and updating systems to reflect pipeline activity
- Support team members who analyze, underwrite, recommend and close post-funding transactions for complex multifamily loans. Typical transaction types include, Transfer of Ownership/Assumptions, Property Management Change, Repair Escrow Extensions, Rental Achievement Release/Modification. The candidate will be required to prepare investment briefs and present recommendations
- Prepare periodic reports with transaction data for internal distribution to other Multifamily departments / participate in initiatives to streamline business processes or other special projects as assigned.
Our Impact:
The Multifamily Asset Management Borrower Transactions Team impacts Real Estate Market:
- Liquidity: Outstanding requests to make changes to existing loans must be resolved before the loans can be sold, the risk can be transferred to investors in a securitized loan pool, and Freddie Mac can use the funds from the sale to buy more loans from the Optigo Lenders.
- Stability: The Borrower Transactions team reviews/approves loan assumptions – a competitive advantage for Borrowers wanting to sell their properties in times of restricted credit opportunities.
- Affordability: Freddie Mac is a small balance loan leader – providing small loans to markets that have been historically under-served. The Borrower Transactions team supports this effort with a streamlined review process and lower fee structure.
Your Impact:
- This position is critical to the team – serving as closing coordinator for post-purchase transactions and an analyst for complex multifamily loan transactions.
Qualifications:
- Bachelor’s degree in Finance, Business Administration or related discipline is required.
- Strong expertise with Microsoft Excel and Word is required.
Keys to Success in this Role:
- Excellent customer service and organizational skills / efficient in managing large volumes of requests
- Strong analytical, writing and verbal communication skills
- Flexible team player
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 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 $62,000 - $94,000 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.
