Mortgage Banking Analyst

IMPORTANT NOTE:

Please refer to the included URL, to apply for this position in USAJobs.com.

https://www.usajobs.gov/GetJob/ViewDetails/797047400

Comment

This opportunity is also open to Status eligible under Announcement 24-HUD-1728. Please refer to that announcement for details on open period, eligibility, and how to apply.

Summary

The position is located in the Department of Housing and Urban Development (HUD), Government National Mortgage Association (GNMA), Office of Issuer & Portfolio Management (OIPM) within the Government National Mortgage Association (Ginnie Mae). HUD is seeking highly qualified individuals who are willing to meet the challenges of public service and support our mission. We offer salaries comparable to the private sector service and a generous benefits package. We also offer a broad array of program activities to develop your career, such as: networking and training opportunities. At Housing and Urban Development, you'll have a once-in-a-lifetime opportunity to gain insight into housing policy and community development. Also, you can explore new career avenues and most of all, acquire lifelong skills as you represent the federal government. The GNMA or Ginnie Mae is the primary financing mechanism for all government-insured or government mortgage loans.

Overview

• Opening and closing dates 06/26/2024 to 07/09/2024
• Service: Competitive
• Pay scale & grade: GS-13
• Appointment type: Permanent
• Work schedule: Full-Time

Location

2 vacancies in the following location:

• Washington, DC

Relocation expenses reimbursed: No

Telework eligible: Yes as determined by agency policy

Responsibilities

As a/an Mortgage Banking Analyst, you will:

• Be responsible for monitoring various measures of risk from MBS issuers, services, and custodians.
• 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 by the closing date of this announcement.

Specialized Experience:

For the GS-13, you must have one year 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:

• Working with mortgage loan originations, including document custody practices and procedures; AND
• Working with the technology or processes specific to electronic promissory notes (eNotes) or electronic vaults (eVaults) that house mortgage loans.

About Us

At Ginnie Mae, we help make housing a reality for millions of households across America and veterans by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to make new mortgage loans available. Ginnie Mae does not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long term debt. What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans — mainly loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA). Other guarantors or issuers of loans eligible as collateral for Ginnie Mae MBS include the Department of Agriculture's Rural Development (RD) and the Department of Housing and Urban Development's Office of Public and Indian Housing (PIH). Ginnie Mae securities are the only MBS to carry the full faith and credit guaranty of the United States government, which means that even in difficult times, an investment in Ginnie Mae MBS is one of the safest an investor can make.