Internship

Campus – Technology Program Intern

Flexible Hybrid

Posted on 8/20/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

No H1B Sponsorship

Washington, DC, USA + 2 more

More locations: Plano, TX, USA | Alexandria, VA, USA

Hybrid role with in-office presence required in Washington, D.C., Northern Virginia, and Plano, TX.

Category
Backend Engineering
Full-Stack Engineering
Software QA & Testing
Software Engineering
Required Skills
Agile
Python
JavaScript
Java
JIRA
C/C++
Data Analysis
Requirements
  • Be authorized to work in the U.S. without sponsorship
  • Academic achievement (preferred GPA of 3.0 or above)
  • Rising senior enrolled in a Bachelor's degree program (2026 graduation date)
  • Computer Sciences and Engineering majors are preferred. Other technical majors will be considered based on a candidate’s technical experience and/or aptitude.
  • Understanding of software development and programming in language such as Java, JavaScript, C++, or Python
  • Familiarity with various technical frameworks and Agile development methodologies
  • Experience with databases, software design and development in a test-driven environment
  • Strong analytical background
  • Demonstrated leadership capabilities and the ability to contribute to a team atmosphere
  • Self-starter, strong business acumen, and results focused
  • Superior communication skills, both oral and written
Responsibilities
  • Producing clean, efficient software solutions to meet customer needs
  • Integrating software components and third-party applications
  • Providing support to production applications, troubleshooting, debugging, and upgrading existing software
  • Recommending and executing improvements to both the software and development process
  • Creating scalable, automated solutions to support business needs
  • Gathering and evaluate user feedback
  • Writing and maintaining tests to ensure solutions are compatible and retain stability
  • Managing Data platforms and tools, monitoring production logs, analyzing data to determine root cause, and coordinating with users to triage issues
  • Supporting data protection and governance, ensuring sensitive data is governed throughout the technology ecosystem and prevent data loss
  • Create and maintain architecture diagrams for key software applications
  • Design and maintain JIRA service desks

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 back into the housing market, promoting homeownership and rental opportunities. Fannie Mae generates 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 Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Washington, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • Fannie Mae's focus on affordable housing supports stability in the U.S. housing market.
  • The STAR Program enhances servicer performance, reducing credit losses and improving borrower stability.
  • Fannie Mae's multifamily financing exceeded $55 billion in 2024, supporting essential housing sectors.

What critics are saying

  • Fraud-related credit losses could lead to increased regulatory scrutiny and reputational damage.
  • Consumer pessimism about housing affordability may reduce demand for mortgages.
  • Rising rent expectations could shift consumer focus from buying to renting, affecting mortgage volumes.

What makes Fannie Mae unique

  • Fannie Mae provides liquidity by purchasing mortgages and issuing mortgage-backed securities.
  • The company supports affordable housing through significant financing in multifamily and affordable housing sectors.
  • Fannie Mae's STAR Program recognizes high-performing mortgage servicers, promoting industry excellence.

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Benefits

Flexible Work Hours

Company News

The Real Deal
Mar 5th, 2025
Exclusive: Fannie Mae's blacklist of real estate players revealed

In the first quarter of 2025, Fannie Mae said it reserved hundreds of millions of dollars for credit losses in part because of fraud or suspected fraud.

PR Newswire
Feb 28th, 2025
Fannie Mae Releases January 2025 Monthly Summary

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

PR Newswire
Feb 25th, 2025
Fannie Mae Announces 2024 Star Program Results

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

California Insider
Feb 17th, 2025
How to Find Down-Payment Programs

Fannie Mae has partnered with Down Payment Resource to help you find down payment and closing cost help.

PR Newswire
Feb 7th, 2025
Overall Housing Sentiment Ticks Higher Despite Consumers' Growing Affordability Concerns

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

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