Underwriting Standards Specialist II

Job 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.

For more information about Fannie Mae, visit http://www.fanniemae.com/progress

JOB INFORMATION


Work under limited supervision to review and assess eligibility of loans delivered to Fannie Mae in areas of loan origination, underwriting, quality control, to ensure that loans meet the firm's specific guidelines and requirements. Performs special projects requested by management.


KEY JOB FUNCTIONS
  • Review loans for quality assurance, misrepresentation, and risk. Analyze and report on loan quality issues. Recommend changes.

  • Stay abreast of and well versed on all Fannie Mae Selling Guide/Product changes (e.g. Announcements, Lender Letters, Publications, etc.)

  • Maintain acceptable response times, accuracy rates and production targets as required by the department.

  • May perform moderately complex projects or participate as a team member on more complex projects.


EDUCATION

Education Level Required
Bachelor Degree or Equivalent

MINIMUM EXPERIENCE
2+ years of related experience

SPECIALIZED KNOWLEDGE & SKILLS
  • Underwriting experience including recent experience in either
    origination or audit underwriting function.
  • Expert familiarity of Fannie Mae Selling Guide.
  • Excellent analytical skills, ability to quick understand complex problems and
    scenarios and recommend solutions.
  • Familiarity with TRID/Closing Disclosures.
  • Strong written and verbal communication skills.
  • Ability to summarize analysis of work 
  • Working Knowledge of MS Word and Excel 

EMPLOYMENT

As a condition of employment with Fannie Mae, any successful job applicant will be required to successfully complete a background investigation.

Fannie Mae is an Equal Opportunity Employer.


Req ID: 57541