Full-Time
Multifamily Appraisal Review Oversight
Hybrid
Confirmed live in the last 24 hours
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Senior, Expert
Plano, TX, USA
- 6 years related experience
- Excellent verbal and written communication skills
- Current General Appraisal Certification
- Managing Multifamily appraisal review process including ordering external third-party appraisal reports/reviews and providing independent review.
- Ensure appraisal review includes a thorough analysis of the appraisal report for reasonable assumptions, appropriate technical analysis, current market conditions, and conforms to company, industry and other regulatory agency standards.
- Serve as Appraisal subject matter expert assisting Multifamily business on an ad hoc basis.
- Work with the 3rd Party Review team to train internal and external personnel on applicable appraisal review practices.
- Manage and monitor approved appraisal vendor panel and vendor exclusionary list.
- Maintain a good working relationship with the Multifamily team as well as DUS Lenders while monitoring appraisal orders, value dispute requests, and status inquiries.
- Maintain thorough and up-to-date knowledge of the Uniform Standards of Professional Appraisal Practice, the Appraiser Independence Requirements and company valuation guidelines that are pertinent to the appraisal review process.
- Present findings and/or conclusions of analysis to key stakeholders and senior management in thoughtful and persuasive manner.
- Partner with the Multifamily to carry out business strategies that will drive success and ensure safety and soundness in the face of shifting market conditions and regulations.
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 into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing payments on MBS 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
N/A
Simplify's Take
What believers are saying
- Fannie Mae's strategic initiatives, such as the MH Advantage program, offer new affordable housing options, potentially expanding their market reach.
- The company's robust issuance program, like the $659 million Connecticut Avenue Securities deal, demonstrates its strong position in the credit risk-sharing market.
- Recognition for corporate responsibility and impact, as highlighted in their 2023 CRI Report, enhances Fannie Mae's reputation and stakeholder trust.
What critics are saying
- The ongoing affordability constraints in the housing market could limit the number of buyers, impacting Fannie Mae's business volume.
- Economic uncertainties, such as potential GDP growth downgrades and inflation volatility, could affect the housing market and Fannie Mae's financial performance.
What makes Fannie Mae unique
- Fannie Mae's role as a government-sponsored enterprise uniquely positions it to provide liquidity and stability in the U.S. housing market, unlike private sector competitors.
- Their ability to package purchased mortgages into mortgage-backed securities (MBS) and sell them to investors spreads risk and ensures a steady flow of capital back into the housing market.
- Fannie Mae's commitment to community service, diversity, and inclusion, as evidenced by numerous accolades, sets it apart in the financial services sector.