Advisor - Multifamily Collateral Risk Oversight

The Fannie Mae; United States; Sur place; USD 141 000 - 184 000; Plein temps

Résumé du poste

Fannie Mae is seeking a Multifamily Collateral Risk Advisor to provide independent risk insight and advisory support on physical collateral risks affecting Multifamily credit decisions. You will evaluate engineering, property condition, seismic, environmental, and construction reports and translate findings into practical credit considerations within the loan lifecycle.

You will influence risk assessment practices, challenge material findings, and help strengthen collateral risk decision‑making

Qualifications

• 6 years of commercial real estate experience in engineering, construction, architecture, property condition, environmental, or related technical risk disciplines, multifamily experience preferred.
• Experience evaluating or overseeing technical third‑party reports and applying findings to commercial real estate risk or credit decisions.

Responsabilités

• Independently assess engineering, property condition, seismic, environmental, and construction‑related reports, including 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 elevate 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.

Connaissances

Commercial real estate

Risk assessment

Third-party report evaluation

Formation

Bachelor's degree in engineering or related field

Description du poste

Job Description

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.

As a valued colleague, you will serve as an expert practitioner providing independent risk insight and advisory support on physical collateral risks affecting Multifamily credit decisions. You will apply 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.

THE IMPACT YOU WILL MAKE

As a key member of the Third‑Party Report Risk team within the Multifamily Credit Risk Office’s Financial Risk Oversight and Advisory division, you will join an experienced commercial real estate team building a comprehensive collateral risk oversight and advisory function. The team provides independent challenge and risk‑based oversight of third‑party vendors and reports supporting critical property and credit decisions. You will bring deep physical‑risk expertise to help shape the frameworks, tools, vendor controls, and advisory practices used to identify, evaluate, communicate, and elevate material collateral risks—strengthening Multifamily’s financial risk assessment capabilities and credit risk position.

The Multifamily Collateral Risk Advisor will support Second‑Line oversight of the Multifamily Business and partner across the loan life cycle to:

• Independently assess engineering, property condition, seismic, environmental, and construction‑related reports, including 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 elevate 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.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience: 6 years of commercial real estate experience in engineering, construction, architecture, property condition, environmental, or related technical risk disciplines; multifamily experience 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 lender and/or investor.

Desired Experience & Education: Bachelor’s degree in engineering, construction management, environmental sciences, architecture, geology or related field; relevant construction, engineering, architecture, environmental, or property‑condition certifications preferred. Demonstrated ability to distinguish material risk and synthesize complex technical information for non‑technical decision‑makers. Strong written and verbal communication skills and experience managing multiple deliverables across simultaneous ongoing assignments while leveraging excellent judgment and organizational skills to influence stakeholders. 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’s physical condition standards with a general understanding of property performance systems including site work, structural, building envelopes, mechanical, engineer and plumbing. AI literacy and comfort leveraging AI tools in day‑to‑day work, as integrating AI into how we operate is a core expectation across all roles at Fannie Mae.

Hybrid Qualifications Education: Bachelor's Level Degree (Required)

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In‑office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Equal Opportunity Statement

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor.

Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company.

Compensation and Benefits

• Requisition compensation: 141000 to 184000
• The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications.
• This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program).
• As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well‑being.