Full-Time

Multifamily Appraisal Review Oversight

Flexible Hybrid

Posted on 8/6/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates mortgage financing and liquidity

No salary listed

Senior, Expert

Plano, TX, USA

Flexible hybrid work model.

Category
Real Estate
Real Estate Finance
Required Skills
Communications
Connection
Connection
Connection
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Requirements
  • 6 years related experience
  • Excellent verbal and written communication skills
  • Current General Appraisal Certification
Responsibilities
  • 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 market, focusing on making housing more affordable for homeowners, homebuyers, and renters. The company achieves this by purchasing mortgages from lenders, which provides these lenders with the cash flow needed to offer more loans. Fannie Mae's business model involves buying mortgages from banks and financial institutions, which are either kept in its portfolio or packaged into mortgage-backed securities (MBS) that are sold to investors. This process helps to spread risk and inject capital back into the housing market, ensuring that lenders can continue to provide new mortgages. Fannie Mae generates revenue through fees for guaranteeing payments on MBS and from interest on its mortgage portfolio. The company aims to maintain the stability and affordability of the housing market while also engaging in community service and promoting diversity and inclusion within its workforce.

Company Size

10,001+

Company Stage

IPO

Headquarters

Washington DC, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • AI adoption like Microsoft Teams Copilot can streamline operations and reduce costs.
  • Selling non-performing loans improves liquidity and reduces financial risk.
  • Decreasing mortgage rates could boost home sales and mortgage securitization opportunities.

What critics are saying

  • Layoffs due to unethical conduct could harm Fannie Mae's reputation and morale.
  • Appointment of non-financial experts to the board may raise concerns about strategic direction.
  • Selling non-performing loans might indicate underlying financial stress or risk management issues.

What makes Fannie Mae unique

  • Fannie Mae is a cornerstone of the U.S. housing finance system.
  • It provides liquidity by purchasing mortgages from lenders and issuing MBS.
  • Fannie Mae's commitment to diversity and inclusion enhances its corporate reputation.

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Benefits

Flexible Work Hours

Company News

Respa News
May 5th, 2025
Fannie Mae to sell non-performing loans to reduce mortgage portfolio

Fannie Mae recently announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's 26th Community Impact Pool (CIP).

Meet Me In The Cloud
Apr 16th, 2025
Fannie Mae's Microsoft Copilot Rollout: 9 Lessons for Enterprise AI Adoption Success

At Enterprise Connect 2025, Fannie Mae shared their real-world journey implementing Microsoft Teams Copilot across the organization.

Inman
Apr 15th, 2025
'MAGA world's premier financier' joins Fannie Mae board of directors

Stucky, who, according to his LinkedIn profile, is a retired heating, ventilation and air conditioning (HVAC) executive, was appointed vice chair of Fannie Mae's board on April 10, the company disclosed Monday in a regulatory filing.

HousingWire
Apr 14th, 2025
Business executive Omeed Malik joins Fannie Mae's board

Business executive Omeed Malik joins Fannie Mae's board.

The Times of India
Apr 9th, 2025
US company lays off 200 Indian-Americans in 'donation scam' related to Telugu organisations; similar to firing at Apple

Fannie Mae recently laid off 700 employees, with approximately 200, predominantly of Telugu origin, dismissed on ethical grounds.

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