Full-Time
Multifamily Appraisal Review Oversight
Flexible Hybrid
Posted on 8/6/2024
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Senior, Expert
Plano, TX, USA
Flexible hybrid work model.
- 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 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 either holds these mortgages in its portfolio or packages them into mortgage-backed securities (MBS) that are sold to investors. This process helps spread risk and injects capital back into the housing market, ensuring that lenders can continue to provide new mortgages. Fannie Mae generates revenue through fees for guaranteeing MBS payments 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
Total Funding
N/A
Headquarters
Washington, District of Columbia
Founded
1938
Simplify's Take
What believers are saying
- Fannie Mae's focus on affordable housing supports millions of Americans' homeownership dreams.
- The company's $55 billion multifamily financing in 2024 bolstered affordable rental housing.
- Fannie Mae's digital initiatives streamline mortgage processes, enhancing efficiency and accessibility.
What critics are saying
- Rising interest rates may reduce mortgage affordability, impacting Fannie Mae's operations.
- Increasing rent prices could challenge Fannie Mae's affordable rental housing support.
- Market volatility in Credit Risk Transfer issuance poses strategic challenges for Fannie Mae.
What makes Fannie Mae unique
- Fannie Mae provides liquidity by purchasing mortgages from lenders, ensuring loan availability.
- The company packages mortgages into MBS, spreading risk and attracting investors.
- Fannie Mae's STAR Program recognizes high-performing mortgage servicers, promoting industry excellence.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Flexible Work Hours
Company News
WASHINGTON, Feb. 28, 2025 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) January 2025 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.About Fannie Maefanniemae.com | X (formerly Twitter) | Facebook | LinkedIn | Instagram | YouTube | BlogPhoto of Fannie Maehttps://www.fanniemae.com/resources/img/about-fm/fm-building.tifFannie Mae Resource Center1-800-2FANNIESOURCE Fannie Mae
Program Recognizes 29 High-Performing Mortgage Servicers Across Three Key Performance AreasWASHINGTON, Feb. 25, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2024 Servicer Total Achievement and RewardsTM (STARTM) Program results, recognizing 29 mortgage servicers for competency, capability, and overall performance. For more than a decade, Fannie Mae's STAR Program has awarded high-performing mortgage servicers for their loan volume and portfolio composition, and for demonstrating leading practices to improve the housing industry."We're proud of this year's top-performing STAR Program servicers who are critical partners in our mission to provide stability to borrowers based on strong servicing standards," said Cyndi Danko, Senior Vice President and Single-Family Chief Credit Officer, Fannie Mae. "Our servicers continue to show their commitment to operational excellence while reducing credit loss – a crucial component to the overall safety and soundness of Fannie Mae's business and the residential mortgage market."Since 2011, Fannie Mae's STAR Program has enabled broad and lasting improvements across the mortgage servicing industry by promoting servicing knowledge and excellence. The program has seen sustained servicer improvement in both metric performance and operational assessment results year over year.For the 2024 program year, mortgage servicers were evaluated for STAR Performer recognition in three categories: General Servicing, Solution Delivery, and Timeline Management based on the results of the Servicer Capability Framework and STAR Performance Scorecard.The 2024 STAR Program recipients are:General ServicingAssociated BankCenlar Federal Savings BankColonial SavingsFifth Third Bank, N.A.Gateway First Bancorp, IncGuild Mortgage CompanyPHH Mortgage CorporationJPMorgan Chase BankM&T BankTruist BankThe PNC Financial Services Group, Inc.Provident Funding Associates, L.P.University BankWells Fargo & CompanySolution DeliveryFlagstar Bank, National AssociationRocket Mortgage, LLCTimeline ManagementLoanCareGeneral Servicing and Solution DeliveryArvest BankBank of America, N.A.BOK Financial CorporationDovenmuehle Mortgage, Inc.Freedom Mortgage Corp.Planet Home Lending, LLCRegions BankServbankServiceMacThe Huntington National BankGeneral Servicing and Timeline ManagementNewRez, LLCGeneral Servicing, Solution Delivery, and Timeline ManagementMr. CooperAbout Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America
Fannie Mae has partnered with Down Payment Resource to help you find down payment and closing cost help.
Sharply Higher Share of Survey Respondents Expects Rent Prices to RiseWASHINGTON, Feb. 7, 2025 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 0.3 points in January to 73.4, bouncing back slightly after falling last month for the first time since July. Improvements in consumer optimism toward both homebuying and home-selling conditions, along with even greater expectations that home prices will rise over the next 12 months, drove the increase. However, after a surge in mortgage rate optimism in the second half of last year, January saw a 13-percentage-point decline in the net share of consumers who believe mortgage rates will go down in the next 12 months. In addition, the share of consumers who expect rental prices will go up increased 8 percentage points from last month to 65%. Year over year, the HPSI is up 2.7 points."Consumers seem increasingly pessimistic that housing affordability conditions will improve across the board, as a growing share expects home prices, rent prices, and mortgage rates will all go up," said Kim Betancourt, Vice President of Multifamily Economics and Strategic Research
WASHINGTON, Jan. 30, 2025 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) December 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit: fanniemae.com | X (formerly Twitter) | Facebook | LinkedIn | Instagram | YouTube | BlogFannie Mae Newsroomhttps://www.fanniemae.com/newsroomPhoto of Fannie Maehttps://www.fanniemae.com/resources/img/about-fm/fm-building.tifFannie Mae Resource Center1-800-2FANNIESOURCE Fannie Mae