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MORTGAGE DEFAULT AND PREPAYMENT MODELER/ECONOMIST
(Ref: 25104)
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Company:
Location:
Company Industries: |
Fannie Mae
US-DC-Washington
Financial Services |
Job Status:
Min Experience Level:
Compensation: |
Full-Time
Entry Level
Not Specified |
| Posted: |
Monday, November 16, 2009 |
Job Description:
FANNIE MAE
THE COMPANY Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan. Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery. For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com
The individual in this position will work on Fannie Mae's implementation of certain programs under the U.S. Department of the Treasury's ("Treasury") Making Home Affordable initiative. U.S. citizenship or permanent residency status is required by Treasury for such individual, as is execution of a nondisclosure agreement and compliance with other Fannie Mae requirements per Treasury's guidelines.
JOB INFORMATION Conduct analyses or studies on effects of different economic conditions on the company's products, assets, or investments. Identify and evaluate economic trends and their prospective effect on the markets in which the company's goods or service trade. Collaborate on product development, risk management, financial management and capital market projects and exercises with economic analysis and projections. May represent the company in trade associations, professional groups, or to the public. KEY JOB FUNCTIONS Conduct economic research on public, proprietary, or lender data to assess trends or patterns in lending, borrowing, and the models used by the company to assess risk or assign risk management policies. Provide macroeconomic data and interpretation on home prices, home inventories, regional trends and the like to business units with products or services affected by these factors. Perform research and analytics on proprietary system(s) and related issues, including evaluating and implementing new products, model review and updates, and data quality issues. Review technical requirements written by application development team and insure that they accurately implement credit finance models or model changes. Aggregate and quality control loan, prepayment, interest rate, or other data for use in proprietary applications or for production purposes in analytical models used by business units.
EDUCATION
* Masters, PhD or other Advanced degree preferred
MINIMUM EXPERIENCE
* 0-3 years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
* Related retail credit and/or prepayment model development experience desired.
* Excellent SAS programming skills required.
* Demonstrated project management skills and proactive applied modeling approach required.
* Strong loan level econometric modeling skills required.
EMPLOYMENT As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business. Fannie Mae is an Equal Opportunity Employer.
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