Michael Yurinich
Commercial Real Estate Credit Risk Oversight Manager Underwriting Manager @Freddie Mac
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WORK HISTORY
Commercial Real Estate Credit Risk Oversight Manager Underwriting Manager @Freddie Mac
Responsible for the review and oversight of a wide range of credit underwriting and asset management functions addressing the needs of the multifamily loan portfolio and new lines of business. Current assignment focus is Small Balance Loans, Conventional Loans, Affordable, Revolving Lines, risk analytics and other automation / technology responsibilities. In general, activities include post-purchase credit recommendations, cash flow modeling, in-depth analysis of impairments and preparing internal valuations to ensure the credit quality of the portfolio and accurate assessment of portfolio risk. Prepare annual / quarterly risk analysis of the multifamily portfolio focusing on risk detection at systemic, investment and product line levels. Monitoring process provides recommendations and unofficial / official feedback to senior management. Activities require review of Freddie Mac internal underwriting, Appraisals, Physical Condition Reports, Underwriting packages, Loan documents, and other related documents and analytical data. Participate in internal and regulatory audit reviews as a real estate subject expert. Developed and prepare quarterly market analysis to senior management for selected markets addressing trends, forecasts and risks. Act as a subject matter expert to internal Clients, team members and mentor/develop train junior staff in the areas of products, procedures, best practices, risk analytics and valuation- Responsible for reviewing SBL Seller/Servicer (Greystone, Arbor, CBRE and Capital One) UW packages- Developed Forensic Appraisal Review procedure- Developed Seller/Servicer Counterparty Risk Analysis- Ensure Freddie Mac SBL UW Packages adhere to credit policies and procedures- Resolve complex FM SBL credit UW issues with the UW team and Senior Management- Developed and manage SBL Top 10 Market reviews and risk projection for CRO and Senior Management - Developed SBL credit review standardization review checklist
EDUCATION
Rosary College / Dominican University
MBA
Carleton College
BA
DePaul University - Charles H. Kellstadt Graduate School of Business
MBA
ABOUT MICHAEL YURINICH
Versatile, resourceful real estate finance professional with an extensive background in institutional, pension and advisory firms. Effective problem solver, implementer and organizer in high pressure situations. A leader with demonstrated abilities: team building, staff development, decision making, business opportunity analysis, risk analytics, valuations, underwriting, CMBS default analysis, tactical/strategic planning, distressed debt, restructures, work outs and transaction completion. Credit training at CINB, Fitch, MetLife and Freddie Mac. Freddie Mac is rated as a Special Servicer, Master Servicer and Operating Adviser. Specialties: Asset management, portfolio management, distressed debt, loan servicing, loan production, acquisitions, work outs, compliance, quality control, restructures, development, project management, risk analytics, valuations and underwriting. Investment complexity experience ranges from small balance and straight forward to large and complex (Simon Portfolio, Sears Tower, Merchandise Mart, Peter Cooper / Stuyvesant Town).
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