Would working on Freddie Mac's multi family underwriting team help get you into an associate position at JLL, CBRE, C&amp;W etc.
Need advice:

- Has anyone made a transition from Multifamily underwriter to financial analyst ?

- has anyone here worked at Freddie Mac Multifamily division?
[{"id": "djz8y5v", "text": "Yes it would. It puts you on that track. I'd say 1-2 years underwriting and try to transition to a large CRE firm as an analyst, or even associate level, depending on the actual role. ", "replies": [{"id": "dk5a2gp", "text": "I would agree. Working at one of the GSEs give you experience underwriting as well as give you face time with large CRE firms. However, last time I checked, a lot of the big CRE firms were looking for underwriters and screeners, which could also be a possibility if you can support it with your experience. Notably Berkeley Point, PNC, and Prudential were all looking recently. If not, a front end job at Freddie or Fannie would do you a ton of good if you're just starting out.", "replies": [{"id": "dk6vx0c", "text": "\"If not, a front end job at Freddie or Fannie would do you a ton of good if you're just starting out.\" - could you please elaborate on this? Also what jobs come to mind when you state front end (in terms of the GSE)", "replies": [{"id": "dk71vdu", "text": "Generally, Front End jobs mean jobs that are directly involved in delivering new deals. That means underwriters, some analysts, and deal managers/customer engagement. Back end jobs would be anything in Asset Management, Real Estate Owned, or other jobs associated with the deal after it delivers. Remember that while both Freddie and Fannie do multifamily loans, their models are vastly different. Thus, the jobs will differ between the two entities.", "replies": [{"id": "dk9f91q", "text": "Just to give you a bit of a background on myself, I am 1 year out of college, finance major and have been working at Freddie Mac for the past year (single family, and not commercial real estate or underwriting). I am now wondering in order to make a pivot back into what I want to do (work at a commercial real estate firm as a fin analyst) should I try and move to Multifamily underwriting within Freddie or try and make the direct move to a JLL, Cushman etc. and work my way up from there?\n\nIf you work in the industry I would appreciate your opinion.", "replies": [{"id": "dkbbdql", "text": "As you may know, the Multifamily industry is cyclical. We're in an interesting part of the cycle where many markets are still in expansion mode and cap rates are super low. When in this part of the cycle, of of the largest needs is in processing new business. Thus, it's a good time to make the move to Multifamily. If you can get a job at a broker shop, that'd be great, but know that when the cycle turns, it may not be as lucrative. That brings me to my point. I highly recommend getting some real multifamily underwriting experience if you can. It gives you a good understanding of the business. If the cycle turns prior to getting in underwriting, I'd recommend trying to work through the REO/workout group. It'll give you even more of an idea of what makes deals go bad. I see your short term goal is a financial analyst, but you need to set yourself up for success by getting a better idea on what the business really is about. Also, the SF experience is fine, but remember that MF is a totally different business.\n\nI've been in this business for about a decade, so I'm still early in my career, but from my experiences and work contacts, a foundation in underwriting and understanding the business will help you go far.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]