Full-Time

Fair Lending Project Management Senior Associate

Posted on 12/17/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Mid, Senior

Washington, DC, USA

Hybrid work arrangement from Washington, DC office.

Category
Project Management
Business & Strategy
Required Skills
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree or equivalent.
  • 4 years of related working experience.
  • Experience in compliance, risk management, financial services, or a related field.
  • Strong organizational and project management skills.
  • Excellent written and verbal communication skills.
  • Experience with the creation and implementation of governance documents and procedures aligned with internal policies and standards and regulatory guidance.
  • Experience gathering accurate information to explain concepts and answer critical questions.
  • Experience helping an organization deliver strategic objectives including facilitating problem solves, establishing agendas and identifying next steps.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
  • Prior exposure to fair lending concepts or regulations is a plus.
  • Analytical mindset with the ability to interpret complex data.
  • Proficiency in Microsoft Teams.
  • Experience using SharePoint.
  • Experience using Adobe Acrobat and/or Foxit.
Responsibilities
  • Support the management of a portfolio of fair lending compliance, risk assessment, and regulatory deliverables.
  • Assist in planning, coordinating, and managing fair lending initiatives, ensuring projects are delivered on time and meet compliance standards.
  • Assist in evaluating and enhancing internal policies and procedures.
  • Support the preparation of regular reports and dashboards for senior management and regulators which detail fair lending compliance activities and outcomes.
  • Help develop and deliver training programs to internal stakeholders on fair lending principles, practices, and compliance requirements.
  • Provide flexible administrative support on an as-needed basis.

Fannie Mae operates in the U.S. housing finance system by purchasing mortgages from lenders, which helps provide them with the cash flow needed to offer more loans to consumers. The company buys mortgages from banks and financial institutions, holding some in its portfolio while packaging others into mortgage-backed securities (MBS) that are sold to investors. This process spreads risk and ensures a steady flow of capital back into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing MBS payments and from interest on its mortgage portfolio. The company aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.

Company Stage

IPO

Total Funding

N/A

Headquarters

Washington, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • AI integration in underwriting reduces default rates, enhancing Fannie Mae's risk management.
  • Green mortgages align with Fannie Mae's mission for sustainable housing solutions.
  • Digital mortgage platforms improve application processes, boosting customer satisfaction.

What critics are saying

  • Desktop Underwriter 12.0 may cause delays if lenders resist new credit risk focus.
  • Labor shortages could challenge Fannie Mae's affordable housing initiatives.
  • Higher loan-to-value ratios in appraisal alternatives may increase financial risk.

What makes Fannie Mae unique

  • Fannie Mae's Desktop Underwriter 12.0 enhances credit risk assessment for mortgage approvals.
  • The MPF Program expands lending to Native Americans on tribal trust lands.
  • Fannie Mae's valuation modernization offers appraisal alternatives to streamline property value assessments.

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