Full-Time

Senior Asset Manager

Multifamily

Posted on 9/20/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Senior

Washington, DC, USA + 1 more

More locations: Remote in USA

Open to remote work.

Category
Asset Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 2 years of relevant experience
  • Bachelor's degree or equivalent
  • Adept at managing project plans, resources and workflow to ensure successful transaction and project completion
  • Relationship Management skills including managing expectations and engaging internal and external stakeholders, customers, building relationship networks
  • Must be able to work with individuals having a different functional expertise respectfully and cooperatively while working toward a common goal
  • Influencing skills including negotiating, persuading others, facilitating meetings, building consensus and avoiding conflict
  • Experience gathering accurate information to explain concepts and answer critical questions
  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • Compliance assessment and management skills including evaluating and designing controls, conducting impact assessments, identifying control gaps, and remediating risk
  • Skilled in Microsoft Office products including Word and Excel
Responsibilities
  • Provides analysis and opines on Borrower Requests and Consents
  • Assist in coordination and implementation efforts to support and monitor a portfolio's vision and achievement of strategic objectives
  • Participate in team review of portfolio progress and reporting processes through various enterprise systems and reporting portfolio performance to key stakeholders
  • Evaluate and manage risk of current assets while complying with governance and controls. Routinely review governance and controls and make recommendations to update them as necessary

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 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

  • CAS issuance in 2025 expected to reach $4 billion, enhancing risk management.
  • Desktop Underwriter 12.0 launch may streamline mortgage approvals, boosting loan origination.
  • Scott Stowell's board appointment strengthens strategic insights into the homebuilding sector.

What critics are saying

  • Potential interest rate hikes in 2025 could raise mortgage rates, affecting affordability.
  • Labor shortages in construction may worsen housing affordability, challenging Fannie Mae's mission.
  • CAS reliance exposes Fannie Mae to market volatility, impacting credit risk transfer strategy.

What makes Fannie Mae unique

  • Fannie Mae's CRT strategies like CAS and CIRT diversify risk and attract investors.
  • Desktop Underwriter 12.0 enhances mortgage approval efficiency with a focus on credit risks.
  • MPF Program expands Native American lending, promoting equitable homeownership access.

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