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Director
Fannie Mae
Washington, DC, United States
Job Details - this job has expired, please see similar jobs below
Description
THE COMPANY
Fannie Mae provides reliable, large-scale access to affordable mortgage credit in communities across our nation. We are the leading source of funding for housing in America, which means more people can buy or rent a home. We are focused on sustaining the housing recovery, improving our company, and leading change to make housing better.
Join our diverse, high-performing team and make a difference as we work together to enable access to a good home.
JOB INFORMATION
Plan and direct the work of a unit whose staff develops, recommends, and implements 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, and assess collateral requirements included in loan origination. Apply credit management models to current assets or underwritten products to recommend shifts in collateral or reserves to mitigate credit risks.
KEY JOB FUNCTIONS
• Develop and/or communicate standards for assessing credit risk in loans the organization purchases or deals in which it participates. Direct staff applying these standards in the analysis of particular batches of mortgages or proposed transactions.
• Confer with management of business units who are planning to make purchases of loans or MBSs, to assess credit risks associated with loans or lenders and are assessing loan data in order to assign credit score(s) to the package of loans.
• Communicate with financial institutions who do business with the organization to ensure that they understand the company's credit risk standards and current appetite for risk in the company's buying practices.
• Examine, or direct staff to examine current and recent transactions and associated risk parameters to assess their accuracy and to feed back to policy staff and modeling staff empirical data for their to evaluate the utility of current policies and models.
• Report to senior management on the unit's production, activities, and efforts.
• Represent the unit as an expert or resource to cross-functional project or coordinating teams.
• Plan, document, and manage the performance of subordinate managers and/or staff. Provide for professional or technical growth through assignment, mentoring, or training.
• Plan and manage the unit's budget. Approve expenditures or budget transfers.
Qualifications
EDUCATION
• Bachelor's Degree or equivalent required
MINIMUM EXPERIENCE
• 8+ years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
• Must have excellent analytical, risk management and reporting skills
• Good understanding of the mortgage business, and broad understanding of macro and micro factors that impact the business
• Must have experience communicating with executives and collaborating cross functionally with different Business Units
• Excellent problem-solving and decision-making skills
• 5+ years of prior experience in Mortgage Banking, Real Estate, or Finance
• 3+ years of previous managerial experience
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.