Enterprise SF Risk - Loan Quality Compliance - Senior Associate (Flexible Hybrid)

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

As a valued colleague on our team, you will contribute with reviewing  loan documents for quality assurance, misrepresentation, fraud, and adherence to policy requirements. In this position, you will report on loan  quality, collaborate with internal policy and strategy teams, communicate loan defects to stakeholders, and provide feedback to first line of business loan quality review teams.

THE IMPACT YOU WILL MAKE
The Enterprise SF Risk - Loan Quality Compliance - Senior Associate role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Perform forensic reviews on  loan file documents. Identify potential risks and ensure compliance with Fannie Mae eligibility requirements using professional judgment and expertise, as well as loan file documentation, such as: internal and external property valuation tools, appraisals, public records, and local authorities. Determine the corresponding impact on value and delivery.
• Prepare  reports/documentation upon determining a delivery did not meet eligibility requirements noting the specific Fannie Mae Selling Guide violation(s). Work with team members to support and contribute to risk reviews and other risk management coverage activities.
• Review work of internal teams for compliance with internal underwriting  standards and quality assurance and analyze and report on loan quality issues.
• Communicate professionally with internal stakeholders about deficiencies and areas for improvement
• Collaborate effectively with internal partners to identify lender challenges and suggest policy or process changes.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 2 years

Desired Experiences

• Bachelor degree or equivalent 
   

Skills

• Experience in underwriting mortgage loans including knowledge of Fannie Mae Selling Guide requirements, ability to complete complex debt to income calculations and loan quality assessments.
• Experience gathering accurate information to explain concepts and answer critical questions.
• Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, or Power BI.
• Experience identifying measures, or indicators of credit quality , and the actions needed to improve or correct performance to achieve desired outcomes.
• Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
• Loan Quality Management including evaluating loan requests, classifying loans, identifying fraud, originating loans, etc.
• Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
• Identifying underwriting errors and recommending corrective action.
• Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand.
• Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
• Skilled in discovering patterns in large data sets with the use of relevant software such as Oracle Data Mining or Informatica.
• Working with people with different functional expertise respectfully and cooperatively to work toward a common goal.
• Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data.
• Governance and Compliance including creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
• Expertise in using statistical methods, including developing and testing hypotheses, using experimental design, and running linear and logistic regressions

Tools

• Experience using Loan Prospector
• Experience using SharePoint
• Skilled in Excel
• Skilled in using Adobe Acrobat including Adobe Pro, Acrobat Reader, Acrobat, and Acrobat.com
• Skilled in Microsoft Teams
• Experience using Fannie Mae Desktop Underwriter
• Experience using Loan Quality Connect
• Skilled in using Collateral Underwriter (CU)

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, while business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.