Internship

Campus – Intern

Finance Analytics, Analytics and Modeling Program, Flexible Hybrid

Posted on 8/27/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

No H1B Sponsorship

Washington, DC, USA

Flexible hybrid work model.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Business Analytics
Requirements
  • Be authorized to work in the U.S. without sponsorship
  • Academic achievement (preferred GPA of 3.2 or above)
  • Rising senior enrolled in a bachelor's degree program (2026 graduation date)
  • Finance, Economics, Computer Science, Information Systems, Business Analytics, Engineering, Math and Statistics majors are preferred
  • Strong analytical background
  • Demonstrated leadership capabilities and the ability to contribute to a team atmosphere
  • Demonstrated research and problem-solving skills
  • Self-starter, strong business acumen, and results focused
  • Superior communication skills, both oral and written
  • Fluency and aptitude with technology applications
Responsibilities
  • Identify and develop technical improvements and business process automation in Credit expense forecasting
  • Perform business analytics to develop prioritized functional requirements and testing to improve model and financial analytics
  • Researching production model improvements through back-testing, text analysis, and data mining

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