Real Estate Modeling Course

  • Real-life RE Modeling Tests from actual Interviews
  • Various asset classes including multi-family, commercial and more
  • Huge discount - until more tests and cases added

Comments (12)

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May 25, 2020 - 4:28pm

Given that Freddie is a secondary market operation, I'm not sure how they have 'producers' in any comparable sense. Freddie and Fannie are really just very specialized, gov't sponsored (or now, owned I guess) banking operations. I think the roles at Freddie/Fannie should be compared to their counter part roles at large banks, as they do similar on 'private label' basis.

Walker Dunlop, Berkadia, Northmarq and the rest are doing D/E placement, investment banking, and in some cases servicing on behalf of the agencies and others.

You can make more in a production role, because, well it's production.... (cute way of saying sales).

Freddie/Fannie are quasi-gov't owned banks. So the work culture and pay will be something like main line banking and gov't. So I wouldn't really try and compare.

May 25, 2020 - 6:58pm

The difference is essentially one is in 'retail' the other 'wholesale', very different game. Especially different when your product is so regulated and practically a monopoly from a competitive standpoint.

Production at Walker and Dunlap and Berkadia really means getting borrowers to sign up, that is tough and competitive business (hence earnings more driven fees from closed deals, than traditional salary + bonus). The 'buy side' of the loan transaction is comparatively easier, especially when you are an agency and borrowers have so few real options. I would think work-life should be massively different, and thus pay differences are rational.

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May 8, 2021 - 2:00pm

First year - UW analyst would typically get 50-60k starting and around a 10-20% bonus

First year - Production analyst typically get 65-70k and around the same bonus as UW

Bonuses are higher at the Seller shops(WD,Berkadia) and salaries can be 5-10k higher as well.

May 8, 2021 - 3:18pm

Depends. Is this for Freddie or a Seller/Servicer? What group? UW or production? A senior analyst would def be in the $60,000s range and the $100k salary would start once your an underwriter or producer.

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