What are the responsibilities and job description for the VP MF Conventional Underwriting Flexible Hybrid position at Fannie Mae?
Job DescriptionThe VP, MF Conventional Underwriting (East) will direct and co-manage the strategic credit decision-making process for Conventional MF products with the VP, MF Conventional Underwriting (West). This leader will report directly to the SVP, Chief Underwriter for Multifamily and will oversee a staff of more than 25 underwriters responsible for quoting transactions in the Northeast (NE) and Southeast (SE) Fannie Mae credit regions originating between $20-$25B / year in new Multifamily transactions.THE IMPACT YOU WILL MAKEThis VP, MF Conventional Underwriting (East) 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 : Lead and oversee work of employees aligned to the Northeast and Southeast MF Credit Underwriting (CU) Team and ensure standards for credit quality are met on all incoming transactions, approving, and documenting variations to credit standards as necessary.Set measurable goals for team members and ensure they have the resources needed to achieve them.Develop policies, credit guidance, and methodologies with the CU Leadership team; and ensure incoming book of business conforms to corporate risk tolerance parameters and limits.Engage with Research and Analytics to guide the development of risk measures, coordinate risk research and analyses.Work with Enterprise Risk Management to develop risk policies, standards and guidelines. Perform quarterly reviews and updates of Multifamily DUS Guide and Underwriting Standards.Partner with Product Development to assess and implement updates to Conventional products as needed monitor their impact on MMB book of business.Communicate MF CU priorities and risk considerations to relevant stakeholders including DUS Lenders, FHFA and internal risk partners.Lead and manage various division-wide projects.Qualifications : THE EXPERIENCE YOU BRING TO THE TEAMAt least 10 years’ demonstrable experience in underwriting multifamily loans including seniors housing, cooperatives, and manufactured housing. Experience with preferred equity structures in the multifamily industry.A background working in MF underwriting in connection with Agency business (Fannie or Freddie) and knowledge of the DUS lender ecosystem is preferred.Experience working with rent control and stabilization laws in New York City and other applicable markets.Ideally 8 years of people leadership experience and a commitment to talent development.Strong executive communication and influencing skills; a proven track record of building both internal and external relationships.Strong analytics acumen, ideally experience working with data visualization tools (Tableau, MS Excel, and others).Deep credit risk experience.Bachelor's degree required, preferably in Business Administration or a related field.Master's degree preferred, preferably in Real Estate Finance / Development, Urban Planning / Policy, Affordable Housing, Community Development, Business, Operations, Finance, or a related field.#J-18808-Ljbffr
Salary : $20 - $25
