Lead Associate, Multifamily Underwriting Fraud Investigation

Fannie Mae

Lead Associate managing multifamily mortgage fraud investigations analyzing origination, processing, and underwriting at Fannie Mae. Assessing allegations, preparing reports, and supporting management decisions on fraud.

Posted 5/22/2026full-timePlano • District of Columbia, Texas, Virginia • 🇺🇸 United StatesSenior💰 $109,000 - $142,000 per yearWebsite

About the role

Key responsibilities & impact

Lead and contribute to complex multifamily mortgage fraud investigations by applying multifamily underwriting expertise, forensic underwriting analysis, and knowledge of multifamily mortgage fraud schemes.
Assess allegations involving the origination, processing, underwriting, sale, servicing, and disposition of multifamily loans or REO properties.
Conduct targeted research; prepare well-supported investigative reports and files; and present findings to key stakeholders and senior management.
Perform forensic underwriting reviews of complex multifamily loan files to identify potential fraud, misrepresentation, data integrity concerns, and other issues relevant to mortgage fraud determinations.
Plan, conduct, and document inquiries into allegations of multifamily mortgage fraud.
Analyze borrower and sponsor information, property performance, valuation support, rent rolls, operating statements, third-party reports and inspections to assess fraud indicators and materiality.
Prepare clear, accurate, and well-supported investigative reports, case summaries, statistical data, and files in accordance with established policies, procedures, and regulatory expectations.
Present investigative findings, conclusions, and recommendations to stakeholders and senior management.
Serve as a subject matter expert for internal stakeholders on multifamily fraud investigations.
Lead collaboration, knowledge-sharing, and training efforts across Financial Crimes, Multifamily, and enterprise partners.

Requirements

What you’ll need

4 years of relevant multifamily underwriting experience
Demonstrated ability to perform financial, credit, property, and trend analysis and communicate findings clearly to business, risk, and senior-level audiences.
Experience assessing credit risk, underwriting quality, documentation integrity, fraud indicators, or related risk management issues in multifamily or commercial real estate lending.
Strong analytical skills, including the ability to identify inconsistencies, red flags, and potential misrepresentations in complex loan files.
Strong written and verbal communication skills
Experience with GSE lending, multifamily finance, mortgage banking, financial crimes, fraud investigations, or related risk functions.
Ability to conduct research across internal systems, public records, and third-party sources to support investigative conclusions and fraud determinations.
Proficiency with Microsoft Excel and the ability to organize, analyze, and summarize investigative data.

Benefits

Comp & perks

Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

multifamily underwritingforensic underwriting analysisfinancial analysiscredit analysisproperty analysistrend analysisfraud detectionrisk managementGSE lendingmortgage banking

Soft Skills

analytical skillscommunication skillscollaborationknowledge-sharingtrainingpresentation skillsreport writingattention to detailproblem-solvingstakeholder engagement