Advisor - Multifamily Collateral Risk Oversight

Fannie Mae • Washington, DC

1d • $141,000 - $184,000 • Hybrid

About The Position

The Multifamily Collateral Risk Advisor serves as an expert practitioner providing independent risk insight and advisory support on physical collateral risks affecting Multifamily credit decisions. The role applies engineering, construction, property condition, environmental, seismic, and related expertise to assess materiality, challenge conclusions, and translate third-party report findings into sound risk decisions throughout the loan life cycle.

As a member of the Third-Party Report Risk team within the Multifamily Credit Risk Office’s Financial Risk Oversight and Advisory division, the Advisor supports a comprehensive collateral risk oversight and advisory function. The team provides independent challenge and risk-based oversight of third-party vendors and reports used to support property and credit decisions. The Advisor helps shape frameworks, tools, vendor controls, and advisory practices for identifying, evaluating, communicating, and escalating material collateral risks, strengthening Multifamily financial risk assessment capabilities and credit risk position.

Requirements

• At least 6 years of commercial real estate experience in engineering, construction, architecture, property condition, environmental, or related technical risk disciplines; multifamily experience is preferred.
• Experience evaluating or overseeing technical third-party reports and applying findings to commercial real estate risk or credit decisions applicable to Fannie Mae, Freddie Mac, or other institutional-quality lenders and/or investors.
• Bachelor’s degree in engineering, construction management, environmental sciences, architecture, geology, or a related field.
• Ability to distinguish material risk and synthesize complex technical information for nontechnical decision-makers.
• Strong written and verbal communication skills.
• Experience managing multiple deliverables across simultaneous ongoing assignments, using sound judgment and organizational skills to influence stakeholders.
• AI literacy and comfort leveraging AI tools in day-to-day work.

Nice To Haves

• Multifamily experience.
• Relevant construction, engineering, architecture, environmental, or property-condition certifications.
• Experience with third-party vendor oversight, performance monitoring, and quality control, or experience leading engineering/environmental practices and using analytical tools for risk monitoring.
• Working knowledge of Mortgage Bankers Association physical condition standards and general understanding of property performance systems, including site work, structural systems, building envelopes, mechanical systems, and engineering and plumbing.

Responsibilities

• Independently assess engineering, property condition, seismic, environmental, and construction-related reports, including their assumptions, methodologies, findings, and conclusions.
• Provide effective challenge and expert advice on material findings, risk ratings, mitigants, and risk treatment, translating technical issues into practical credit considerations.
• Produce timely, well-supported conclusions that identify material issues, recommend resolution or escalation, and strengthen consistent collateral risk decision-making.
• Oversee physical-risk review workflows and controls, including report tracking, issue resolution, and disciplined documentation.
• Advise Multifamily teams and lender counterparties on the reasonableness, materiality, and use of collateral assessments; provide targeted training as needed.
• Conduct targeted site visits to validate material concerns, support risk assessments, and escalate findings as appropriate.
• Manage and monitor approved property condition and engineering vendors, including qualifications, report quality, performance trends, deficiencies, and remediation.
• Help evolve physical-risk decision-support tools, rating criteria, procedures, and monitoring practices consistent with industry standards and Fannie Mae expectations.

Benefits

• Health, life, voluntary lifestyle, and other benefits and perks supporting physical, mental, emotional, and financial well-being.
• Eligible to participate in a Fannie Mae incentive program, subject to program terms.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior