Freddie Mac
Buys, pools, and securitizes mortgages.
Multifamily Software Development Intern - Summer 2027
About the job
- Pursuing a bachelor's degree in Computer Science, Computer Engineering, Software Engineering, Information Technology, or a related technical discipline.
- Expected graduation date of December 2027 through May 2028.
- A strong foundation in computer science fundamentals, including object-oriented programming, data structures, algorithms, and software development concepts.
- Experience with one or more programming languages such as Java or similar object-oriented languages.
- Strong problem-solving and analytical thinking skills.
- Curiosity and a passion for learning new technologies and concepts.
- Self-motivation, initiative, and the ability to learn independently.
- Strong written, verbal, and interpersonal communication skills.
- The ability to collaborate effectively within a team-oriented environment.
- Attention to detail and commitment to producing high-quality work.
- The ability to manage priorities and work effectively under tight timelines.
- Adaptability and openness to new tools, technologies, and ways of working.
- Interest in Agile software development and modern engineering practices.
- Contribute to real-world software development projects and support initiatives that drive business and technology outcomes.
- Participate in all phases of the software development lifecycle, including design, coding, testing, debugging, documentation, deployment, and support.
- Collaborate with software engineers, business partners, and project teams in an Agile development environment.
- Apply computer science fundamentals to solve technical problems and develop efficient solutions.
- Assist in requirements analysis and application development activities while following software engineering best practices.
- Participate in Agile ceremonies, including sprint planning, backlog refinement, standups, and retrospectives.
- Utilize AI-enabled tools to automate repetitive tasks, improve efficiency, and enhance software quality while maintaining strong engineering judgment.
- Work with team members to troubleshoot issues, improve application performance, and support scalable solutions.
- Build relationships across the organization and collaborate with employees at all levels, including senior leadership.
- Familiarity with modern software development tools and methodologies.
- Exposure to Spring Boot, Angular, AWS, cloud-based applications, or related technologies.
- Experience contributing to class projects, hackathons, personal projects, or open-source initiatives.
About the company
Freddie Mac is a government-sponsored enterprise that supports the U.S. housing market by providing liquidity to lenders, buying mortgages, pooling them, and selling mortgage-backed securities to investors. It earns revenue from guarantee fees and interest on retained assets, which lets lenders issue more loans for both single-family homes and multifamily properties. Its mission focuses on keeping the mortgage market stable and affordable, aided by its scale and the guaranteed securities it provides, which private lenders rely on. The goal is to promote homeownership and rental affordability by ensuring a steady flow of money to lenders and by stabilizing accessed housing finance markets, while offering tools like loan-ownership lookups and educational resources for consumers and professionals.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Tysons, Virginia
Founded
1970
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Simplify's Take
What believers are saying
- September 16, 2026 NPL sale monetizes distressed assets and cleans portfolio risk.
- September 2026 API integrations with Ocrolus and Friday Harbor expand origination penetration.
- Freddie Mac priced September 17, 2026 mortgage rates at 6.95%, sustaining market relevance.
What critics are saying
- FHFA still controls Freddie Mac in conservatorship; Treasury commitment remains $140.2 billion.
- Sixth Circuit revived a long-running securities-fraud suit on August 27, 2026.
- VantageScore 4.0 pricing grids raise borrower costs, pressuring loan volumes and lender adoption.
What makes Freddie Mac unique
- Freddie Mac underwrites conforming mortgages with explicit FHFA conservatorship backing.
- Its AIM Check and Income Calculator APIs embed underwriting into lender workflows.
- Multifamily TEL and affordable-housing executions finance regulated, mission-driven supply nationwide.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Professional Development Budget
Conference Attendance Budget
401(k) Retirement Plan
Company News
Former Freddie Mac CEO Michael DeVito joins Owens Corning board. DeVito will serve on the audit and finance and technology committees at Owens Corning Article Summary. Owens Corning has elected former Freddie Mac CEO Michael DeVito to its board of directors. DeVito, who previously led Freddie Mac and spent 24 years in senior roles at Wells Fargo Home Lending, ties the building products manufacturer more closely to the housing finance sector amid ongoing market and rate uncertainty. AI Summary Michael DeVito, former CEO of Freddie Mac, has been elected to the Owens Corning board of directors, according to a company announcement. DeVito will serve on the board's audit committee and its finance and technology committee. Owens Corning, based in Toledo, Ohio, is a building products manufacturer focused on roofing, insulation and doors for residential markets in North America and Europe. DeVito has nearly 40 years of experience in housing, consumer finance and risk management. He previously led Freddie Mac, one of the nation's largest housing finance companies, where he emphasized operating performance, risk management and the government-sponsored enterprise's mission to support liquidity, stability and access in the U.S. mortgage market. Before joining Freddie Mac, DeVito spent 24 years at Wells Fargo in senior leadership roles, including as executive vice president and head of home lending, where he oversaw more than 25,000 employees. He currently serves as an independent director at NVR Inc., a New York Stock Exchange-listed homebuilder, where he is a member of the compensation committee. He also advises technology firms in the consumer and home lending sectors. Bringing a former GSE CEO and large-bank mortgage executive onto the board links Owens Corning more directly to the housing finance side of the housing ecosystem. The appointment comes at a time when mortgage rate volatility, credit risk management and long-term demand for new construction remain central issues for lenders, builders and building products manufacturers. "As a company serving primarily residential markets in North America, we will benefit from Michael's deep understanding of the housing ecosystem, market dynamics and the factors that influence long-term demand," Brian Chambers, Owens Corning chair and CEO, said in a statement. "His proven operational leadership and board experience will provide valuable perspective as we continue executing our strategy to accelerate growth and deliver long-term value."
PNC lends $92Mln for Washington, D.C., apartments. Commercial Observer PNC Bank has provided $92 million of construction financing for a 299-unit apartment project in Washington, D.C. United Bank also participated in the five-year loan, which September 15, 2026 The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million... September 15, 2026 Commercial Observer JE Richards has leased all 935,000 square feet at the recently constructed 211 Centreport Parkway industrial property in Stafford, Va The Lanham, Md, commercial electrical contractor and manufacturer will make data-center... September 15, 2026 Property investor Stockdale Capital Partners has launched a credit platform and plans to lend as much as $300 million in the coming year The Los Angeles investment manager, best known for its opportunistic and value-add investments, has hired Alec... September 15, 2026 Dwight Investment Management has provided $130 million of bridge financing against the 389-unit Saiya apartment property in downtown Phoenix The 23-story building, at 802 North 1st Ave, is in the city's Roosevelt Row area, also known as the Ro... September 15, 2026 Commercial Real Estate Direct Staff Report Regions Bank has provided $9955 million of financing to help fund Fairbourne Properties' $122 million, or $17429/sf, purchase of the 724,400-square-foot Village Crossing retail property in the Chicago... September 15, 2026 Bucks County Courier Times The demolition of most of the Neshaminy Mall in the Philadelphia suburb of Bensalem, Pa, is scheduled to get underway in December The 105 million-square-foot retail property was purchased two years ago by a venture of... September 14, 2026 Commercial Real Estate Direct Staff Report ORIX Real Estate Capital has provided $55 million of mortgage financing against the 200-unit Swell apartments in Seattle The loan, arranged by Newmark, allowed the property's owner, a venture of Mack... September 14, 2026 Philadelphia Business Journal EPR Properties has paid $60 million, or $500/sf, for the 120,000-square-foot retail building occupied by Netflix House in King of Prussia, Pa The Kansas City, Mo, REIT acquired the property from HBC, the former... September 14, 2026 Multi-Housing News JPL Development has secured $483 million of Freddie Mac financing against the Edison at Maple Grove, a 248-unit apartment property in the Minneapolis suburb of Maple Grove, Minn Gantry arranged the 10-year loan, which requires... Recent. September 15, 2026 * Transactions * CMBS * Exec Changes September 15, 2026
New credit score pricing grids point to higher borrower costs, report shows. Analyses indicate the newly released pricing grids could make loans more expensive with VS 4.0 Article Summary. Fannie Mae and Freddie Mac released official LLPA grids for Classic FICO and VantageScore 4.0 as FHFA opened VantageScore delivery to all lenders. The GSEs apply VantageScore pricing at a bucket that's 20 points higher than FICO, and third-party analyses find borrower costs are higher in many scenarios, especially cash-out refis. AI Summary Fannie Mae and Freddie Mac have published official pricing grids for single-family mortgages using the traditional Classic FICO and new VantageScore 4.0 models. Early analyses suggest the new credit score model could result in higher borrower costs in many scenarios. The updates, released Wednesday as the Federal Housing Finance Agency (FHFA) opened delivery of VantageScore 4.0 loans to all lenders, formalize a temporary workaround used in a limited rollout: Price adjustments designed for FICO are applied to VantageScore 4.0 at 20 points higher. The top purchase tier for FICO remains 780 and above, which now aligns with an 800-plus VantageScore bucket. According to sources at the government-sponsored enterprises (GSEs), they expect competition between VantageScore and FICO to reduce credit report and borrowing costs over time while making mortgages available for "credit invisible" borrowers by considering rent payments and trended data in new models. Membership Full access Billed annually Membership includes: * | Unlimited access to HousingWire reporting and analysis * | Access to HousingWire Intelligence * | Member-only newsletter * | Event perks Free account Limited access * | Read 2 subscriber-only articles each month
Ocrolus integrates with Freddie Mac's AIM Check API. 10 Sep 2026 TL;DR: Ocrolus has integrated with Freddie Mac's AIM Check API, enabling mortgage lenders to receive an early income assessment from Loan Product Advisor(R)(LPA(R) asset and income modeler (AIM) directly inside Ocrolus Analyze. The integration uses W-2s and pay stubs already uploaded to Ocrolus, with no prior LPA submission required and no duplicate data entry. Income values, AIM eligibility per income type, the AIM Check API certificate and its expiration date are returned in Analyze and stored on the loan, and results can be imported to Encompass(R) by ICE Mortgage Technology(R), Today, Ocrolus announced its integration with Freddie Mac's AIM Check API, enabling mortgage lenders to receive an early income assessment from Loan Product Advisor(R)(LPA(R) asset and income modeler (AIM) directly inside Ocrolus Analyze. Lenders can access this capability using the W-2s and pay stubs already in their loan file, with no prior LPA submission required and no duplicate data entry. "Mortgage lenders already use Ocrolus throughout the origination process to transform bank statements, pay stubs and tax forms into decision-ready data," said Nadia Aziz, GM of Mortgage at Ocrolus. "With this integration, that same data can now power an early income assessment from AIM inside lenders' existing workflows. It's a significant step in reducing manual touchpoints and further accelerating lenders' path to clear-to-close." What the integration does. As an AIM Check API integrator, Ocrolus submits extracted W-2 and pay stub data to AIM Check API, enabling lenders to receive an early income assessment directly in Ocrolus Analyze. Through this integration, lenders benefit from: * An income breakdown (base, overtime, bonus and commission) returned from AIM * AIM eligibility returned per income type, displayed in Analyze and stored on the loan * The AIM Check API certificate, with its expiration date, saved to the loan file, with one-click re-run capability and a full submission history for audit purposes * The option to import income values, the Report ID into the LPA submission, and the certificate into Encompass(R) by ICE Mortgage Technology(R) By leveraging documents already in the loan file, lenders can accelerate income assessment without a prior LPA submission and without duplicate data entry. Income data collection and assessment remain among the most manual and time-intensive steps in mortgage origination. Through this integration, lenders can streamline income calculation, reduce manual effort and improve efficiency while increasing confidence in income calculations. Part of Ocrolus' Freddie Mac & Fannie Mae integration roadmap. This is Ocrolus's second government-sponsored enterprise (GSE) integration. Ocrolus's existing Fannie Mae integration covers self-employed and rental income. Freddie Mac's AIM Check API integration covers wage-earner income (W-2s and pay stubs) and is designed to complement it for lenders managing borrowers with different income profiles in the same pipeline. Both integrations are built on the same principle: income results should flow from the documents lenders already collect, not from a separate submission process. Loans originated using AIM are half as likely to produce defects and become delinquent (source: Digital Innovation Drives Loan Quality) Lenders who originate Freddie Mac-eligible conventional loans and currently use Ocrolus can speak with their account manager to learn more and get started. Key takeaways. * Ocrolus has integrated with Freddie Mac's AIM Check API, returning an early income assessment from AIM directly inside Ocrolus Analyze. * The integration uses W-2s and pay stubs lenders already upload to Ocrolus, with no prior LPA submission needed and no duplicate data entry required. * Results include an income breakdown (base, overtime, bonus and commission) and AIM eligibility per income type. Income values, the Report ID and the AIM Check API certificate are stored on the loan and can be imported to Encompass(R) by ICE Mortgage Technology(R). * This is Ocrolus' second GSE integration, alongside the existing Fannie Mae integration, which covers self-employed and rental income. * Loans originated using AIM are half as likely to produce defects and become delinquent (source: Digital Innovation Drives Loan Quality). FAQs. What is AIM Check API and how is it different from a complete Loan Product Advisor(R)(LPA(R) submission? AIM Check API enables access to LPA and asset and income modeler (AIM) independent of a complete LPA submission. It gives mortgage lenders an early view of the income assessment, as far upstream as lender pre-approval, without first submitting a complete loan application into LPA. Does Ocrolus perform the income assessment? No. Ocrolus submits extracted W-2 and pay stub data to AIM Check API and displays the results returned by AIM. The income assessment is generated by AIM. What documents does the Ocrolus AIM Check API integration require? The integration uses W-2s and pay stubs already uploaded to Ocrolus. It covers wage-earner income. Self-employed borrowers and tax-return income calculation capabilities will be added with Freddie Mac at a future date. What can be sent to Encompass(R) by ICE Mortgage Technology(R) by Ocrolus Analyze? Income values, the Report ID for the LPA submission, and the AIM Check API certificate are stored on the loan in Ocrolus and can be imported into Encompass(R) by ICE Mortgage Technology(R). How is this different from the Ocrolus Fannie Mae integration? The Fannie Mae integration covers self-employed and rental income calculated from tax returns and related documents. The integration of Freddie Mac's AIM Check API uses Ocrolus-extracted W-2s and pay stubs and covers wage-earner income. Ocrolus is working with Freddie Mac to add support for Self Employment and Rental income calculations at a future date.
Ocrolus has integrated with Freddie Mac's AIM Check API to help mortgage lenders accelerate loan underwriting. The integration allows Ocrolus customers to access early borrower income assessments from Freddie Mac's Loan Product Advisor asset and income modeler directly within their existing workflows. The system submits borrower income data extracted by Ocrolus to AIM Check API, covering wage-earner income from W-2s and pay stubs. This enables lenders to assess income before completing a full submission, without duplicate data entry. The integration aims to streamline income calculation and reduce manual effort in mortgage origination. Ocrolus, a vertical AI workflow platform for lenders founded in 2016, currently analyses roughly 750,000 credit applications monthly and serves over 500 customers.