Full-Time
VP – MF Underwriting
Specialty Products, Flexible Hybrid
Confirmed live in the last 24 hours
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Senior, Expert
Washington, DC, USA
Flexible Hybrid arrangement requires in-office presence.
- At least 10 years’ demonstrable experience in underwriting multifamily loans, ideally with a focus on affordable housing and/or structured facilities.
- A minimum of 8 years of leadership experience; a passion for and commitment to talent development and overall people leadership.
- Ideally experience interfacing with the GSEs and/or working at a Desktop Underwriter (DUS) Lender.
- Strong executive communication and influencing skills; a proven track record of building both internal and external relationships.
- Strong analytics acumen; proven understanding of how to utilize metrics and data and ideally experience working with data visualization tools (Tableau, MS Excel, and others).
- Operational Excellence mindset; proven experience improving and ideally overseeing operations.
- Bachelor's degree required, preferably in Business Administration or a related field.
- Master's degree preferred, preferably in in Real Estate Finance/Development, Urban Planning/Policy, Affordable Housing, Community Development, Business, Operations, Finance, or a related field.
- Manage the credit decision-making process on all MAH and Structured acquisition transactions for the Multifamily business unit.
- Lead and oversee work of employees aligned to the Specialty Products MF Credit Underwriting (CU) Team and ensure standards for credit quality are met on all incoming transactions, approving, and documenting variations to credit standards as necessary.
- Set measurable goals for team members and ensure they have the resources needed to achieve them.
- Develop policies, credit guidance, and methodologies with the SVP, Chief Underwriter; and ensure incoming book of business conforms to corporate risk tolerance parameters and limits.
- Engage with Research and Analytics to guide the development of MAH and Structured risk measures, coordinate risk research and analyses.
- Work with Enterprise Risk Management to develop risk policies, standards and guidelines for MAH and Structured transactions. Perform quarterly reviews and update of Multifamily DUS Guide and Underwriting Standards.
- Partner with Product Development to assess and implement updates to the MAH and Structured products as needed monitor their impact on MMB book of business.
- Communicate MF CU MAH and Structured priorities and risk considerations to relevant stakeholders including DUS Lenders, FHFA and internal risk partners.
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'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.
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