Job Description

As a valued colleague on our team, you will assist with reviewing appraisals and collateral loan documents for quality assurance, misrepresentation, fraud, and adherence to policy requirements. In this position, you will report on collateral quality, collaborate with internal policy and strategy teams, communicate loan defects to stakeholders, work with lenders and internal partners to resolve issues, and provide feedback to the appraisal industry and state licensing agencies.

THE IMPACT YOU WILL MAKE

The Single Family Risk - Loan Quality Collateral Compliance - 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:

• Perform forensic reviews on appraisals and relevant loan file documents. Support the team to identify potential risks and ensure compliance with Fannie Mae eligibility requirements using professional judgment and expertise, as well as loan file documentation, such as: internal and external property valuation tools, appraisals, public records, and local authorities. Aid in determining the corresponding impact on value and delivery.
• Prepare detailed repurchase request reports/documentation upon determining a delivery did not meet eligibility requirements noting the specific Fannie Mae Selling Guide violation(s). Support team in working with lenders to resolve complicated repurchase or make whole requests. May assist with investigating lender responses.
• Support continuous improvement efforts by communicating professionally with team about opportunities and areas for improvement.
• Collaborate effectively with team to identify lender challenges.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

MINIMUM REQUIRED EXPERIENCES

• Certified Real Estate Appraiser
• Experience in value and eligibility reviews and can independently validate the quality and accuracy of appraisal reports based upon a thorough analysis, professional opinion, and sound judgment
• Knowledge of Fannie Mae selling guide and ability to determine appraisal compliance
• Experience collaborating with internal and external partners exhibiting strong oral and written communication skills 
• Skilled in using Word and MS Office Suite

DESIRED EXPERIENCES

• At least 5 years appraisal or review appraiser experience strongly preferred
• Bachelor’s degree or equivalent
• Ability to use valuation tools to research and analyze collateral documents
• Experience using Fannie Mae Collateral Underwriter and/or valuation analysis tools

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com. Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.  

Job ID: REF11462A

Job Title: Single Family Risk - Loan Quality Collateral Compliance - Associate