Multifamily Underwriting Associate; Hybrid - in office - VA

Position Overview

Freddie Mac is seeking a Multifamily Underwriting Associate to join its Small Balance Loans team in McLean, VA. The role involves analyzing and underwriting multifamily real‑estate transactions in compliance with Freddie Mac’s guidelines and credit policy.

• Underwrite Small Balance Loans ranging from $1million to $7.5million nationwide.
• Innovate based on market behaviors while efficiently analyzing, mitigating, and defining credit risk.
• Evaluate the overall story and make decisions based on the credit risk profile.
• Interact respectfully with a diverse group of coworkers, lenders, and borrowers.
• Provide stability and liquidity to the multifamily housing market by supporting Freddie Mac’s mission‑driven affordability goal.

• Conduct inspections (virtual and in‑person) of multifamily properties serving as collateral for new loans.
• Analyze property performance, third‑party reports, and borrower due diligence.
• Evaluate strengths and weaknesses of proposed loans from a credit or debt perspective.
• Identify risks in proposed loans by mastering Freddie Mac Multifamily’s credit policy and lender guide.
• Build relationships with other SBL team members across the country, business partners at Freddie Mac, and Optigo lenders.
• Continuously improve processes by identifying new approaches and providing feedback.
• Pursue lifelong learning through training, feedback, and personal career development.

• 1‑3 years of relevant real‑estate experience.
• BA/BS degree or equivalent professional experience; advanced degree preferred.
• Knowledge of real‑estate property fundamentals and real‑estate lending/underwriting.
• Highly developed analytical skills.
• Exceptional writing skills.
• Proficiency with Microsoft Excel and Word.
• Ability to travel domestically.

• Multi‑task and prioritize effectively.
• Build relationships inside and outside of SBL.
• Use data to formulate and inform communications.
• Remain calm under pressure.
• Take initiative and perform optimally with minimal direction.
• Adapt and remain flexible during change and uncertainty.
• Understand market trends and Freddie Mac’s positioning.
• Develop solutions to problems of limited scope following detailed procedures.
• Learn multifamily underwriting technology systems specific to Freddie Mac.

Freddie Mac is an equal‑opportunity employer and values diversity and inclusion. 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 provide reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other employment benefits.

Please contact us to request accommodation.

Qualified applicants with arrest or conviction records in California will be considered in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Freddie Mac offers a comprehensive total rewards package that includes competitive compensation and market‑leading benefits. The annualized market‑based salary range for this position is $86,000–$128,000. Further details on benefits programs are available on our Careers site.