Multifamily Underwriting - Fraud Prevention, Principal

At Fannie Mae, 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 a collaborative team thriving in an energizing environment. Here, you will grow your career and help create access to affordable housing finance.

Job Description

In this compelling leadership position, you will lead efforts on managing communications and/or negotiations between Fannie Mae and clients regarding loans and other investments. In this role, you will lead underwriting and reviewing the issuance of securities to customers, and ensure compliance with internal and external regulations, policies, processes, procedures, and standards and be responsible for overseeing forensic underwriting reviews and identifying potential red flags to prevent the enterprise from acquiring loans with potential fraud, deficient property values or increased borrower exposure risk.

THE IMPACT YOU WILL MAKE

The Multifamily Underwriting – Fraud Prevention, Principal 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:

• Direct team efforts and processes to gather information about potential risks and potential red flags involved with providing services to a customer and assist Multifamily leadership with process buildout and continued enhancements
• Oversee enhanced pre-review loan underwriting, identifying potential red flags to prevent fraud, identify deficient property values and increased borrower exposure risk   
• Make recommendations to Multifamily leadership for fraud prevention process enhancements and customer communications
• Lead efforts in creating and conducting training to internal stakeholders and DUS lenders
• Confer with management on potential risks and costs involved with providing services to a customer
• Review and recommend changes to the enhanced pre-review process to determine lending decisions
• Recommend changes to process related to issuance of the securities or other financial loans to the customer

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience

• 8 years of Multifamily underwriting and management experience

Desired Experience

• Bachelor’s degree or equivalent
• Experience evaluating businesses, projects, budgets, and other financial entities or instruments to determine viability, stability, and performance
• Loan management skills including evaluating loan requests, classifying loans, identifying fraud, and originating loans
• Adept at managing project plans, resources, and people to ensure successful project completion and process buildout
• Business insight skills including advising, designing business models, interpreting customer and market insights, forecasting, and benchmarking
• Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict
• Relationship management skills including managing and engaging stakeholders, customers, and vendors, and building relationship networks
• Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
• Experience helping an organization to plan and manage change in effort to meet strategic objectives
• Experience identifying and selecting strategic options and identifying resources to meet the defined objectives
• Business process management skills including business process modeling, process design and implementation
• Learning and training experience including conducting, developing, and evaluating training, instructional design, and learning management systems
• Risk assessment and management skills including evaluating and designing controls, conducting impact assessments, identifying control gaps, and remediating risk
• Experience gathering accurate information to explain concepts and answer critical questions

Multifamily Risk - Underwriting - Principal

Target Pay Range: $172,000 - $234,000 a year

#LI-NL1 - Hybrid

Qualifications

Education:

Bachelor's Level Degree (Required)

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