Job opening: Mortgage Banking Analyst
Salary: $117 962 - 153 354 per year
Published at: Aug 29 2024
Employment Type: Full-time
This position is located in the Department of Housing and Urban Development, Government National Mortgage Association Ginnie Mae.
If you do not meet any of the categories listed below, you may wish to apply under announcement 24-HUD-2238-P which is open for any U.S. citizen to apply. Please refer to that announcement for details on open period, eligibility, and how to apply.
Duties
As a Mortgage Banking Analyst, you will:
Be responsible for monitoring various measures of risk from MBS issuers, services, custodians, and digital collateral functions.
Assist Account Executives (AE) in the Single-Family Manufactured Housing and Multifamily Divisions in the Office with MBS issuers, servicers, and custodians to resolve risk-related problems in a timely and appropriate manner.
Maintain a comprehensive and up-to-date knowledge of all aspects of MBS issuer and document custodian monitoring, including (but not limited to) issuer financial condition, portfolio performance, and compliance to program parameters by way of field reviews, desktop and onsite operational audits.
Monitor the activities of issuers, sub servicers, and custodians to assess their performance, and compliance with Ginnie Mae MBS guidelines and secondary mortgage market practices.
Participate in on-site reviews of troubled issuers or new issuers as needed. This may include reviews of the servicing portfolio, investor reporting and remitting processes, compliance, staffing, technology, key servicing and collateral processes.
Qualifications
You must meet the following requirements within 30 days of the closing date of this announcement.
Specialized Experience: For the GS-13 grade level, you must have one year (52 full weeks) of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service.
Specialized Experience for this position includes:
Experience in Document Custody practices and procedures.
Examples of this experience could include:
- Reviewing documents that are part of a loan file, including the following: promissory note, security instrument, title policy, loan modification, etc.; or
- Receiving, warehousing, and releasing collateral documents in accordance with guidelines provided by Ginnie Mae.; or
- Participating in Document Custodian on-site compliance or operational reviews, or default actions.
AND
Analyzing financial statement data to determine potential risk exposure and level of non-compliance with Mortgage-Backed Securities Program requirements.
Examples of this experience could include:
- Reviewing financial statements, including balance sheets, income statements, statement of cash flows for purposes of analyzing an issuers financial health and compliance with GAAP accounting standards.; or
- Providing professional services and technical assistance in the areas of accounting, financial analysis, forensic accounting, internal control issues, and litigation support.; or
- Analyzing and assessing whether Issuers comply with Ginnie Mae's net worth, liquidity, and capital ratio requirements, and if Issuers possess adequate levels of Fidelity Bond and Errors and Omissions insurance coverages.
Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.
Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable:
For the GS-13 you must have been at the GS-12 level for 52 weeks.
Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.
Education
Contacts
- Address Government National Mortgage Association Ginnie Mae
Administrative Resource Center
Parkersburg, WV 26101
US
- Name: Applicant Call Center
- Phone: 304-480-7300
- Email: [email protected]
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