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Analyst
Fannie Mae
Plano, TX, 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
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
• State licensed or certified residential appraiser is preferred
MINIMUM EXPERIENCE
• 4+ years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
• Experience in the mortgage lending industry is required.
• Working knowledge of Collateral Underwriter data, interface, and trending.
• Deep knowledge of appraisals, appraisal reviews, and appraisal data including UAD (Uniform Appraisal Dataset).
• Prior experience working in a risk management function is preferred.
• Proficiency with business intelligence tools e.g. Tableau, Spotfire, etc. required.
• Must be analytical and a problem solver.
• Ability to recognize patterns in large data sets, analyze cause/effect scenarios, and develop solutions.
• Strategic thinking and the demonstrated ability to identify and implement workable solutions to address difficult issues.
• Experience collaborating cross-functionally, working through complex issues and demonstrating the confidence to stay in productive conflict with other team members until a collaborative, workable solution is found.
• Intellectual curiosity, including the ability to assess risk using new tools and other innovative solutions; probes all sources for answers, sees and anticipates hidden problems, looks beyond the obvious and doesn't stop when obstacles appear.
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.