Full-Time

Multifamily Appraisal Review Oversight

Flexible Hybrid

Posted on 8/6/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Senior, Expert

Plano, TX, USA

Flexible hybrid work model.

Category
Real Estate
Real Estate Finance
Required Skills
Communications
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 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 helps spread 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

  • Increased AI adoption in underwriting can reduce costs and improve efficiency.
  • Rising interest in green mortgages boosts Fannie Mae's sustainable finance initiatives.
  • Blockchain exploration could enhance transparency and security in mortgage transactions.

What critics are saying

  • Rising interest rates may reduce demand for refinancing and new mortgages.
  • Increased regulatory scrutiny could pose operational challenges for Fannie Mae.
  • Ongoing labor shortages may impact Fannie Mae's affordable housing mission.

What makes Fannie Mae unique

  • Fannie Mae's Green MBS program aligns with global ESG investment trends.
  • The company facilitates the 30-year fixed-rate mortgage, a staple in U.S. housing.
  • Fannie Mae's Desktop Underwriter software enhances mortgage approval efficiency.

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Benefits

Flexible Work Hours

INACTIVE