SF Risk - Loan Quality Credit Compliance - Senior Associate
Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.
Job Description
As a valued colleague on our team, you will contribute to performing loan reviews in areas of loan origination, credit underwriting, quality control, and loan delivery to ensure that loans adhere to the firm's specific guidelines and requirements related to credit, collateral, and data accuracy. In this position, you will report on credit quality, collaborate with internal policy and strategy teams, communicate loan defects to stakeholders, and work with lenders and internal partners to resolve issues.
THE IMPACT YOU WILL MAKE
The SF Risk -Loan Quality Credit - 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:
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- Review loans for quality assurance, misrepresentation, and risk related to credit, collateral, and data accuracy.
- Drafting defect communications, rebuttal responses, and collaborating with internal policy teams.
- Ensure compliance with the firm's eligibility requirements and underwriting standards.
- Identify potential fraud and investigate methods of resolving issues.
- Review work of internal teams for compliance with internal underwriting standards and quality assurance and analyze and report on loan quality issues.
- Review and manage outstanding repurchases and work with lenders to resolve complicated repurchase or make whole requests.
- Investigate lender responses and rebuttals to resolve significant issues.
- Analyze acceptance of repurchase alternatives to offset risk.
- Collaborate with internal partners to identify lender challenges and suggest policy or process changes.
Minimum Required Experiences (Unable to change the minimum requirements)
- 2 Years
Desired Experiences (Okay to add to this section)
- Bachelor's degree or equivalent
- Prior Post-Close audit/due diligence experience
- Familiarity with GSE (Government-Sponsored Enterprise) underwriting and eligibility standards is highly valuable.
- Ability to interpret loan-level data, identify trends, and communicate findings using tools like Excel, SAS, or Tableau.
- Collaboration with credit risk, collateral, fraud, and policy teams is key to resolving complex issues.
- Industry certifications (optional but valuable)
Qualifications
Education:
Bachelor's Level Degree (Required)
The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.
For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.
Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.
The hiring range for this role is set forth below. 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.
Requisition compensation:
89000
to
115000
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- FSA
- On-Site Gym
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- HSA With Employer Contribution
- Fitness Subsidies
- Mental Health Benefits
Parental Benefits
- Birth Parent or Maternity Leave
- Adoption Assistance Program
- Adoption Leave
- Non-Birth Parent or Paternity Leave
- Fertility Benefits
- Family Support Resources
Work Flexibility
Office Life and Perks
- Commuter Benefits Program
- Casual Dress
- Happy Hours
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
- Volunteer Time Off
- Summer Fridays
Financial and Retirement
- 401(K) With Company Matching
- Financial Counseling
- Relocation Assistance
Professional Development
- Tuition Reimbursement
- Promote From Within
- Internship Program
- Leadership Training Program
- Associate or Rotational Training Program
- Shadowing Opportunities
- Access to Online Courses
- Lunch and Learns
Diversity and Inclusion