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Freddie Mac

Freddie Mac

Multifamily Intern

McLean, VA
Internship
Paid
  • Responsibilities

    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:

    Are you looking for an inclusive company culture to help prepare you for a successful career? The Multifamily Division within Freddie Mac is searching for talented and creative individuals to support the division’s objectives, projects and initiatives.

    Freddie Mac Multifamily is a dynamic organization, providing interns a wide variety of experiences and responsibilities to build technical and soft skills, as well as their network. Interns in Freddie Mac Multifamily can actively work on real-world projects and deals, which will provide a broad exposure to Freddie Mac’s important role in the mortgage industry, while developing skills that will apply directly to a career in commercial real estate!

    Our Impact:

    • Freddie Mac Multifamily helps to ensure an ample supply of affordable rental housing by purchasing mortgages secured by apartment buildings with five or more units
    • We provide mortgage funding for apartment loans throughout the nation, purchasing loans from a network of lenders and then securitizing them
    • Our funding spans the nation and we cover large metropolitan areas, mid-market cities, and smaller communities, housing a wide array of renters (i.e., students, working families, etc.)

    Your Impact:

    • Based on your intern role, you will be supporting the business by conducting risk analysis, assisting with deal execution, working with loan accounting, conducting research and modeling or partnering on loan securitizations
    • You will interact with all levels of employees including senior management on various projects
    • You will build relationships across the organization to assist with customer partnerships

    Business Case Study

    As an intern, you will participate with a joint business case study with all Multifamily interns to work through the stages of a loan transaction to demonstrate your learnings to a group of internal mentors and division leadership

    Areas of Internships:

    As an intern, you will be selected for a short-term project in one of the departments/teams in Multifamily:

    Asset Management and Operations

    Manages servicer relationships and Seller/Servicer performance reviews along with ongoing risk and loss mitigation efforts for the Multifamily portfolio. Provides guidance for business transformation, including strategic planning, systems and processes. In addition, the department leads loan funding and document custody, loan servicing, Seller/Servicer counterparty risk, data management, governance and operational risk for the division.

    Capital Markets

    Performs pricing and securitization functions related to Multifamily mortgage purchases intended for securitization and new issue securities. Manages investor relations, securities marketing and banker relationships.

    Production & Sales

    Markets, originates and structures loan products and ensures volume, profitability and affordable housing targets are met. Manages relationships with Multifamily Sellers and borrowers.

    Underwriting & Credit

    Delivers consistent and high-quality transactions to the firm by analyzing transaction strengths and weaknesses and approving the creditworthiness of each loan transaction. This department also oversees loan level due diligence and credit functions within securitization and risk transfer processes, as well as the division's credit policies.

  • Qualifications
    • Minimum cumulative 3.0 GPA
    • Pursuing Bachelor’s degree in Liberal Arts, Business Administration, Accounting, Finance, Economics, Real Estate, Math/Statistics or a related discipline
    • Graduation date of December 2021 – May 2022
    • Availability to begin internship in May 2021

    Keys to Success in this Role:

    • Ability to learn new skills / concepts quickly
    • Strong communication skills – written, verbal and interpersonal
    • Problem solving ability
    • Strong Microsoft Office skills
    • Must be a team player and able to work collaboratively
    • Ability to work efficiently under tight timelines with a positive attitude

    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.

  • Industry
    Financial Services
  • About Us

    We are both leaders and collaborators, continuously building skills and pursuing innovative solutions. Above all, we are passionate about our mission of Making Home Possible. Join our inclusive and diverse culture, which is what drives our success and makes us a stronger company.