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Credit Risk Analyst
Fannie Mae
Plano, TX, United States
Job Details - this job has expired, please see similar jobs below
Description
THE COMPANY
Are you interested in helping solve today's most critical housing challenges? In simplest terms, Fannie Mae serves the people who house America. We work at the heart of housing by providing reliable, affordable mortgage financing in all markets at all times, buying loans that banks and other lenders originate, so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes and apartments. Creating these opportunities is what drives the people who work at Fannie Mae.
For more information about Fannie Mae, visit http://www.fanniemae.com/progress
JOB INFORMATION
Develop, recommend, and implement credit risk standards for products or assets the company finances or underwrites. Assess and approve credit limits and monitor credit exposure for routine and complex transactions. Apply credit management models to current assets or underwritten products to recommend shifts in collateral or reserves to mitigate credit risks.
KEY JOB FUNCTIONS
• Conduct credit analyses using advanced methods and tools of aggregated data provided by lenders, clients of the organization, or other sources of data.
• Examine risk elements of proposed deal, purchase, or existing relationship with a client and make recommendations to management regarding continuing to closure, or additional credit enhancements needed to make deal more acceptable.
• Create or assign credit scores to aggregated data from multiple loans based on the company's proprietary underwriting or loan origination software.
• May take lead in maintaining data integrity of proprietary credit rating or underwriting applications and assist as a business-end user in their systems enhancements.
• Research value frauds and patterns, initiate and contribute to new tools for detecting value-related fraud. Make recommendations for new policies to minimize fraud and control other risks more effectively.
• Develop model approaches to new credit enhancement and risk sharing agreements. Work with business unit management to determine appropriate strategies for entering new mortgage markets with high model uncertainty.
• Advise marketing staff or customers about corporate credit policies and counsel them to adopt practices that assure better chance of success in deals or transactions.
• May lead analytical, policy development, or integration effort within unit or with other corporate departments.
Qualifications
EDUCATION
• Bachelor's Degree or equivalent required
MINIMUM EXPERIENCE
• 4+ years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
• Expert knowledge of Fannie Mae Selling Guide collateral policy
• Experience leveraging data to analyze risk exposure and controls
• Experience reviewing residential real estate appraisals and collateral for a mortgage
• Experience with UAD, UCDP and Collateral Underwriter®
• Experience communicating with executives and external customers concerning complex policy and programs.
Preferred Skills
• Strong technical writing skills
• Experience leading and contributing to projects with cross function teams in a matrixed environment
• Experience presenting for medium to large audiences and representing the organization at public events and venues as a subject matter expert.
EMPLOYMENT
As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation.
Fannie Mae is an Equal Opportunity Employer.