Simplify Logo

Full-Time

Multifamily Underwriting

Director, Open to Remote

Posted on 7/23/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Fintech
Financial Services

Senior, Expert

Washington, DC, USA + 1 more

Category
Corporate Finance
Finance & Banking
Required Skills
Communications
Management
Mergers & Acquisitions (M&A)
PowerPoint/Keynote/Slides
Requirements
  • 8 years related experience
  • Multifamily and GSE loan structuring experience
  • Demonstrated experience leading a team
  • Prior experience performing financial and trend analysis and reporting findings
  • Prior experience with credit risk, loan quality analysis, or risk assessment and risk management
  • Prior regulatory, compliance and governance experience
  • Strong communication skills, both written and verbal
  • Advanced Excel and PowerPoint skills
  • Bachelor degree or equivalent; Master degree preferred
Responsibilities
  • Lead team responsible for regulatory, compliance and governance activities of the Multifamily Credit Underwriting business
  • Build out oversight framework to enhance ability to address and mitigate challenges of the Multifamily Credit Underwriting business
  • Collaborate with executive leaders, your team, and other key stakeholders to establish annual oversight plan
  • Lead collaboration efforts across teams to identify and evaluate the risks of pre-acquisition of new transactions, business activities and programs for Multifamily Credit Underwriting business
  • Serve as subject matter expert to internal stakeholders as it relates to Multifamily Credit Underwriting business activities and trends
  • Provide strategic direction for operational activities relating to our regulatory requirements and company goals relating to the multifamily business
  • Provide strategic insight, subject matter expertise, best practices, and recommendations for teams across the organization as it relates to the Fannie Mae Multifamily business
  • Document and present findings and/or conclusions of analysis to key stakeholders and senior management in a thoughtful and persuasive manner
  • Partner with Multifamily Enterprise Risk Management and other stakeholders to carry out business strategies that will drive success and ensure safety and soundness in the face of shifting market conditions and regulations
  • Establish relationships and communication with the Federal Housing Finance Agency, the regulator of Fannie Mae

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 Jobs

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.
INACTIVE