Multifamily Loss Mitigation Specialist III

Job Description


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


Serve as the main contact and responsible individual for managing loss mitigation managed assets. Primarily responsible for taking proactive steps to mitigate potential losses for a portfolio of Watchlist loans. Provide Loss Mitigation Director with observations on risk factors that should be communicated to senior management.

  • Engage lenders, servicers and borrowers to manage riskier loans.
  • Mitigate risk or minimize potential losses through sound asset management strategies based on a history of proven long-term success in the asset management field.
  • Work with lenders, servicers and third-party vendors in order to identify risk issues as quickly as possible and provide Management with feedback on ways to manage these concerns.
  • Properly identify and manage risk in assigned portfolio of Watchlist loans providing for timely and accurate risk ratings; prepare detailed loan risk rating analysis for all assigned loans, as needed.
  • Conduct DUS servicer training and development; focus on understanding, calibrating, differentiating Lenders.   
  • Provide continual feedback to management on identified trends that could have an impact on future risk for the multifamily book of business.


  • Bachelor’s Degree or equivalent required

  • 4+ years of related experience
  • Substantial experience in commercial real estate, credit risk management, mortgage and/or financial services industry; ideally including property surveillance and valuation.
  • Knowledge of Multifamily real estate, property types, markets; experience in asset management of Watchlist loans secured by multifamily properties preferred .
  • Strong analytical skills, written and verbal communication skills and strong Excel skills required
  • Ability to work independently with minimal supervision and collaboratively within the team and across the Multifamily/Fannie Mae internal and external customer network required.
  • Ability to work in a fast-paced environment and manage multiple deadlines and priorities required.

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: 58333