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Full Time Multifamily Underwriter Jobs (NOW HIRING)

SitusAMC

Associate, CRE Underwriting

New York, NY · On-site

$140K - $150K/yr

... multifamily, hospitality, and industrial properties throughout the United States. The candidate ... The annual full time base salary range for this role is $140,000.00 - $150,000.00 Specific ...

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Full Time Multifamily Underwriter information

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$32.5K

$78.9K

$139.5K

How much do full time multifamily underwriter jobs pay per year?

As of Aug 30, 2026, the average yearly pay for full time multifamily underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is a full time multifamily underwriter?

A Full Time Multifamily Underwriter is a professional who evaluates and assesses loan applications for multifamily properties, such as apartment complexes. Their primary role is to analyze financial documents, property appraisals, and market conditions to determine the risk and eligibility of borrowers seeking financing. They work closely with lenders, investors, and sometimes real estate developers to ensure that loans are sound and align with the institution's guidelines. This position requires strong analytical skills, attention to detail, and knowledge of real estate and lending practices. Full-time underwriters typically work regular business hours within banks, mortgage companies, or other financial institutions.

What are the key skills and qualifications needed to thrive as a full time multifamily underwriter?

To excel as a Full Time Multifamily Underwriter, you need strong analytical skills, a deep understanding of real estate finance, and typically a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, financial modeling tools such as Excel, and knowledge of loan origination systems are essential. Attention to detail, effective communication, and sound judgment are vital soft skills for evaluating risk and negotiating with stakeholders. These competencies ensure accurate risk assessment, compliance, and successful loan origination in a competitive real estate market.

What are some common challenges faced by full time multifamily underwriters, and how can new hires prepare for them?

Full Time Multifamily Underwriters often encounter challenges such as evaluating complex financial statements, balancing risk assessment with market opportunities, and keeping up with frequently changing regulations. New hires can prepare by staying current on multifamily lending guidelines, developing strong analytical skills, and building effective communication with loan officers, appraisers, and property managers. Proactively seeking mentorship and continuous training can also help in handling the diverse and dynamic nature of multifamily underwriting.

What is the difference between Full Time Multifamily Underwriter vs Commercial Real Estate Underwriter?

AspectFull Time Multifamily UnderwriterCommercial Real Estate Underwriter
CredentialsTypically requires finance, real estate, or related degrees; certifications like CCIM or CPM are commonSimilar credentials; often holds finance or real estate degrees and certifications
Work EnvironmentPrimarily in banking, lending institutions, or real estate firms focusing on multifamily propertiesWorks in banks, investment firms, or lending institutions focusing on various commercial properties
Industry UsageCommonly employed in multifamily housing finance sectorUsed across broader commercial property sectors including office, retail, and industrial

While both roles involve evaluating real estate investments, a Full Time Multifamily Underwriter specializes in multifamily housing projects, whereas a Commercial Real Estate Underwriter covers a wider range of commercial properties. The core skills and credentials overlap, but their focus and industry segments differ.

What cities are hiring for Full Time Multifamily Underwriter jobs?

Cities with the most Full Time Multifamily Underwriter job openings:

What are the most commonly searched types of Multifamily Underwriter jobs?

The most popular types of Multifamily Underwriter jobs are:

Full Time Multifamily Underwriter jobs near you

Multifamily Underwriting Professional - Affordable Housing

Mclean, VA • On-site

Freddie Mac
Finance and Insurance • 5 - 10K employees

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Good employer

Respectful managers

Learn new skills

Learn more about Freddie Macexternal

$108K - $160K/yr

Full-time

Re-posted 2 days ago

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

If you are a hard-working, motivated and intellectually driven professional with a passion for commercial real estate (CRE) and finance, Freddie Mac Multifamily is the employer for you! The nation's greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed-income with an annual platform exceeding $80 billion is looking to add a Multifamily Underwriting Professional to the Targeted Affordable Housing team.

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.

Our Impact:

  • Our teamis responsible forunderwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our network of Optigo Lenders

  • We are innovators in the industry by evaluating the story and making decisions based on the credit risk profile and finding creative ways to mitigate risks

Your Impact:

  • You will build toward credit approval and closing individual mortgage loans collateralized by multifamily properties

  • Accurately review and ensure concise, complete, and clear Investment Briefs and ensureaccuratedata quality for loan securitization

  • Analyze and conclude on unique affordable housing pro forma property financial statement considerations, resolve transactional issues that escalate in third party report, work with Producers to structure deals, review borrower financial position, market analysis, property inspections, present deals for approval as needed

  • Develop resolutions to problems of limited scope following specific and detailed procedures

Qualifications:

  • 2 - 4 years of related professional experience, preferably in multifamily or commercial real estate finance

  • Bachelor's degree in Real Estate, Finance, Economics, Business Administration, or related field

  • Demonstrated proficiency with Microsoft Excel and Word

  • Strong written and verbal communication skills

Keys to Success in this Role:

  • Ability to manage 2 transactions independently at a given time and drive to 90% to 100% completion

  • Has a good knowledge of credit policy, procedures and systems

  • Demonstrates ability to lead Optigo Lender calls

  • Tackle and effectively complete additional tasks and assignments at the request of Senior Underwriters and above

  • Experience underwriting 80% of TAH products

  • Ability to underwrite and assist on other Specialty Products

  • Raises issues in a timely fashion and makes recommendations on how to resolve issues rather than waiting on what to be told to do

  • Consensus among Underwriting Managers and Senior Underwriters that underwriter has the capacity to effectively operate at the Professional level

  • Work product exhibits minimal errors

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.

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 $108,000 - $160,000 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.Employment Type: FULL_TIME
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About Freddie Mac

Sourced by ZipRecruiter

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.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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Hours and flexibility

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