VP, Multifamily Underwriting

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

The VP, Undewriting - Multifamily directs and manages the strategic credit decision-making process for the multifamily business unit, including providing risk guidelines. This leader oversees a sizable staff of Underwriters responsible for pre-review of large loans and all non-standard Delegated Underwriting and Servicing (DUS) loans. This VP's body of work is dedicated to our conventional Multifamily products.

Key Responsibilities:

• Manage the credit decision making process on for a large portion of our debt acquisition transactions for Multifamily Mortgage Business (MMB).
• Lead and oversee work of employees of the Multifamily Credit Underwriting Team to ensure standards for credit quality are met on all incoming transactions, approving and documenting waivers and variations to credit standards as necessary.
• Coordinate with internal stakeholders to develop policies, credit guidance and methodologies with the MF Credit leadership team to articulate and report on whether the book of business conforms to corporate risk tolerance parameters and limits, and take appropriate action as necessary.
• Interface with Research & Analytics: Engage with Research and Analytics to guide the development of financial risk measures and pricing tools, and coordinate risk research and analyses.
• Prioritize Multifamily Risk modeling and analytics needs.
• Assist in developing MMB credit policies, standards and guidelines: Work with the Enterprise Risk Management to develop risk policies, standards and guidelines for MMB transactions.
• Perform quarterly reviews and update of Multifamily DUS Guide and Underwriting Standards.
• Support product development initiatives: Partner with Product Development to assess and implement New Business Initiatives and monitor their impact on MMB book of business.

Key Qualifications

• Years of experience: 10+ years of relevant experience, including 8+ years in a managerial/leadership position.
• Significant experience in developing/managing risk management or related fields.
• Significant experience as an underwriter or risk manager with a multifamily focus.
• Bachelor's degree in business administration or a related field.
• Master's degree preferred in business, operations, finance or a related field.

Target Salary Range: $250,000 to $350,000 per year

Qualifications

Education:

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.