Production professional- Freddie Mac
Anybody here familiar with the pay for a production professional at Freddie Mac? I am at an optigo shop working in screening conventional agency loans. Base pay is 150K with bonus around 35-50K. Would a production professional title get me better total comp at Freddie Mac? Thank you!
Bump
Is a production professional a VP? Noticed some senior production associates got promoted to a production professional at Freddie. Whats the hierarchy like? What's next after production professional?
Bump, anybody have any color? Appreciate it, thank you!
Bump- if not production professional, what title should I target at Freddie that will get me a materially higher comp?
Well. I’m getting boned at $100K all-in doing the similar gig as you at a DUS Lender shop lol thanks for the insight. Hope you get what you are looking for.
really? That's surprising. If you are at a shop like Berkadia or W&D, I would imagine just bonus must be more than 100K. I am in an agency group at a bank, our base is higher but bonus is a little lower. I like the pay and work life balance here, if the agencies cannot beat my pay by a significant amt, I am not moving. I suspect they cannot at least not at my (senior associate/VP ) level but I am not a 100% sure.
I’m the original commenter. Could you please PM me? Not sure how I can PM you rn. But I’d like to talk to you more.
How many YOE tho?
2yrs and 9 months now.
Producers or if even if they are called "senior" producers at GSE, the comp is actually lower than optigo/dus shops. You work at the GSE for the hours and you give up pay and upside for that. But that being said, having your cake and eating it too is finding an agency shop (typically a bank than a shop like Berkadia or W&D) that has good comp and work life balance. It certainly exists. Bonus is the access to a balance sheet and other product types thus providing diverse opportunities and security. Interesting datapoint- A "senior" producer at Freddie got hired as a senior production analyst at Key's agency group. That tells you that while the title at Key had the word analyst in it, total comp including bonus might have been on par if not better than the Freddie gig and maybe the upside was appealing. But of course, a year later, she went back to her old gig as grass is always greener on the other side but who knows we do not know the whole story. https://www.linkedin.com/in/talia-del-forno-86b42b35/
I work at Freddie and can tell you with certainty that a producer's comp all in is the same as yours.
Same as senior production analyst/associate- yes, I can vouch for it, but same as an originator- no, the dus/optigo originator in a good group makes so much money compared to producers at Freddie that it’s candidly kinda ridiculous lol. But hey you might have more job security and stability.
A nihil neque corrupti quos magnam ipsum perferendis. Omnis veniam sunt debitis quam.
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