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Fannie Mae Work Values
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Daily Duties at Fannie Mae:
Perform onsite and desk review operational and compliance audits of banks, mortgage companies, credit unions, mortgage brokers and loan servicing operations. Identify deficiencies lenders may have in origination and servicing areas. Interview management and line staff to access their knowledge of operations. Cite issues not related to FNMA’s Seller and Servicing guide and Operational deficiencies. Communicate results of the review in written form to all levels of management. Identify and review underwriting and QC files with potential fraud. Identify risk and controls and recommend areas for improvement. Review policies and procedures to ensure they meet all loan program guidelines. Review and Test underwriting and servicing files for loss mitigation, foreclosure, bankruptcy, payoffs, taxes and insurance coverage’s, quality control plans to ensure they are in compliance with FNMA guide. Audit closed loan files for accuracy of delivery and HMDA data, Federal and State Regulation. Track and confirm all documents submitted for remediation to clear cited issues meet FNMA’s expectation. Work closely with business unit regarding documentation, evaluation, and management control processes. Utilize Allregs and internal tools to perform operational reviews. Share "best practices" and current risk issues related to operations.
What they like about Fannie Mae:
Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.
Information about Fannie Mae
Company Rank: Not Available
Average length of employment : 5 years
Average salary of employees: $80,000
These are some of the questions we asked our climbers about their experiences with Fannie Mae:
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| Were your performance expectations clearly communicated? | 0.0 |
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| Were you recognized for meeting or exceeding expectations? | 0.0 |
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| Did you feel like your personal contribution was important? | 0.0 |
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| Was your career path clearly outlined and discussed? | 0.0 |
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| I would recommend this as a place of employment. | 0.0 | |
| I believe in the purpose of this organization. | 0.0 | |
| I would work for this organization again. | 0.0 | |
| I feel employees are fairly compensated. | 0.0 |
