SF Collateral Risk- Risk Analysis- Condominium/Co-op Underwriting Manager
About The Position
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 Impact You Will Make Lead operational execution of condominium and cooperative project eligibility reviews and inquiry management processes. Analyze project data and documentation to assess risk and determine eligibility in accordance with Selling Guide requirements. Collaborate with internal stakeholders and vendors to ensure timely, accurate, and consistent project review outcomes. Support the development and implementation of process improvements and technology enhancements to increase efficiency and reduce risk. Maintain documentation of policies, procedures, and controls related to project eligibility and risk analysis. Provide subject matter expertise and guidance to internal teams and external partners regarding project eligibility standards. Manage escalations and complex inquiries, including formal written responses to industry stakeholders. Monitor performance metrics and reporting to ensure compliance with service level agreements and quality standards. Contribute to strategic initiatives focused on enhancing risk management capabilities and supporting enterprise goals.
Requirements
- 6+ years of experience in mortgage operations, underwriting, or risk management.
- Strong understanding of Single-Family GSE condominium and cooperative Selling Guide requirements.
- Experience managing operational workflows and inquiry resolution in a matrixed environment.
- Proven ability to use data and analytics to inform decisions and improve operational performance.
- Experience with vendor management, including oversight of production and quality control.
- Strong communication skills, both written and verbal, with the ability to present complex information clearly.
- Ability to influence and collaborate across teams and with external stakeholders.
Nice To Haves
- Bachelor's degree or equivalent.
- 10+ years of related experience, including 5+ years in a leadership or project management role.
- Experience in condominium and cooperative project underwriting, including review of financials, legal documents, and engineering reports.
- Familiarity with cooperative loan origination and servicing procedures.
- Experience managing escalations and regulatory inquiries related to mortgage eligibility.
- Background in developing training materials and delivering education to mortgage professionals.
- Proficiency with tools such as Fannie Mae Condo Project Manager, Salesforce, Excel, PowerPoint, RiskWorks, Confluence, SharePoint, JIRA, and Tableau.
Responsibilities
- Lead operational execution of condominium and cooperative project eligibility reviews and inquiry management processes.
- Analyze project data and documentation to assess risk and determine eligibility in accordance with Selling Guide requirements.
- Collaborate with internal stakeholders and vendors to ensure timely, accurate, and consistent project review outcomes.
- Support the development and implementation of process improvements and technology enhancements to increase efficiency and reduce risk.
- Maintain documentation of policies, procedures, and controls related to project eligibility and risk analysis.
- Provide subject matter expertise and guidance to internal teams and external partners regarding project eligibility standards.
- Manage escalations and complex inquiries, including formal written responses to industry stakeholders.
- Monitor performance metrics and reporting to ensure compliance with service level agreements and quality standards.
- Contribute to strategic initiatives focused on enhancing risk management capabilities and supporting enterprise goals.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
