Freddie Mac Assessment Tests, Hiring Process & Interviews Online Preparation – 2024

What Is Freddie Mac?

The Federal Home Loan Mortgage Corporation, known by the moniker Freddie Mac, is a sister company to Fannie Mae and another government-sponsored enterprise. Founded in 1970 to expand the secondary mortgage market Freddie Mac purchases mortgages, pools, and sells them to investors as mortgage-backed securities. This helps increase the money available for mortgage lending. It is based in Tysons Corner,  Virginia.

If you are interested in a position in risk management, capital markets, finance, modeling and data, mortgage underwriting, commercial real estate, technology, marketing and communications, or administration then there may be a position available for you with Freddie Mac. For those just embarking on a new career path, there are internships available. Freddie Mac offers employee benefits that include home buying and commute benefits as well as health and wellness.

Freddie Mac’s Psychometric Tests

When applying for a job with Freddie Mac individuals may be required to take one or more online assessment tests. These tests are used to help speed the hiring process, by indicating to the recruiting team which applicants are the best for each position. These tests are a measure of abilities necessary for communication and problem solving, as well as behavioral tests used to see how well your personality matches what they find desirable for each job. Common assessment tests include verbal reasoning, numerical reasoning, logical reasoning, situational judgment, and personality surveys.

Interviews

The initial interview will be a phone screening with a member of human resources. This should be a brief conversation that gives you an opportunity to ask questions. Use this as an opportunity to get more information about the job you have applied for. The next interview may be done either as an online conference call, using a platform like Zoom, or an in-person interview. This interview will be conducted with a manager and will focus on experience and your background.

How to Prepare for Freddie Mac’s Assessments?

Taking some time to prepare for online assessment tests will help alleviate test anxiety, and give you a better chance at a good result. Strengthen your cognitive skills with logic puzzles and online apps meant to boost your cognitive function. Complete a series of sample math problems, including word problems to help refresh your mathematical skills. There are online resources that can help you with this as well.

Be yourself when taking a personality or situational judgment test. Answer truthfully, but approach the questions from a professional point of view. You can give yourself some insight by learning about the Freddie Mac mission statement and values. This will give you an idea of what they value in their employees.

Take a little time to prepare yourself for every aspect of the hiring process. Practicing for the assessment tests will make you more confident. This confidence will help your test scores and help you get through the entire hiring process.