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Fannie Mae Underwriter Jobs (NOW HIRING)

Fanniemae

Multifamily Underwriter - Advisor

Plano, TX · On-site

Join Fannie Mae to grow your career and help people find a place to call home. As a valued ... In this role, you will review and comment on underwriting and reviewing the issuance of securities ...

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Fannie Mae Underwriter information

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$32.5K

$78.9K

$139.5K

How much do fannie mae underwriter jobs pay per year?

As of Sep 1, 2026, the average yearly pay for fannie mae underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is a Fannie Mae underwriter?

A Fannie Mae Underwriter is responsible for evaluating mortgage loan applications to ensure they meet Fannie Mae's lending guidelines. They assess applicants' creditworthiness, income, assets, and property value to determine loan eligibility. This role requires strong analytical skills, knowledge of mortgage regulations, and the ability to make sound financial decisions. Underwriters play a key role in minimizing lending risks while ensuring compliance with industry standards.

What are the key skills and qualifications needed to thrive as a Fannie Mae underwriter?

To thrive as a Fannie Mae Underwriter, you need in-depth knowledge of mortgage underwriting guidelines, risk assessment, and financial analysis, often supported by experience in residential lending or relevant certifications such as DE (Direct Endorsement) or SAR (Staff Appraisal Reviewer). Familiarity with automated underwriting systems like Desktop Underwriter (DU), loan origination software, and compliance platforms is essential. Attention to detail, analytical thinking, and strong communication skills help underwriters excel in reviewing loan files and explaining decisions to stakeholders. These skills ensure loans are processed accurately and efficiently while mitigating risk and maintaining compliance with Fannie Mae standards.

What are some common challenges Fannie Mae underwriters face, and how can they overcome them?

Fannie Mae Underwriters often encounter challenges related to complex income documentation, fluctuating lending guidelines, and tight deadlines. Staying updated on Fannie Mae's latest requirements and regularly attending training sessions can help underwriters navigate changing policies. Maintaining open communication with loan officers and processors is key for clarifying missing information and preventing delays. Strong organizational skills and the ability to prioritize tasks also help underwriters manage high volumes of loan files efficiently while maintaining accuracy.

Does Fannie Mae pay well?

Fannie Mae underwriters typically earn competitive salaries that vary based on experience, location, and level of responsibility. The role often includes benefits such as health insurance, retirement plans, and opportunities for career advancement within the mortgage and housing finance industry.

Is underwriting a stressful job?

Fannie Mae underwriters review mortgage applications to assess risk and ensure compliance, which can involve high attention to detail and meeting deadlines. The job can be stressful during busy periods or when facing tight deadlines, but it also offers structured processes and support to manage workload effectively.

What do mortgage underwriters get paid?

Mortgage underwriters typically earn a median annual salary ranging from $55,000 to $85,000, depending on experience, location, and employer. Senior or specialized underwriters can earn higher, and benefits such as bonuses and health insurance are common components of compensation.
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Fannie Mae Underwriter jobs near you
Infographic showing various Fannie Mae Underwriter job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, 2% Part Time, and 3% Contract. Highlights an 69% Physical, 11% Hybrid, and 20% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Multifamily Underwriter - Principal

Plano, TX • On-site

Fannie Mae
Finance and Insurance • 5 - 10K employees

9.2

Company rating: 9.2 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

Great coworkers

People enjoy working here

Good employer

Learn more about Fannie Maeexternal

Full-time

Medical, Life

Posted 19 days ago

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.
Job Description
As a valued contributor to our team, you will consult with team members and management on managing communications and/or negotiations between Fannie Mae and clients regarding loans and other investments.
THE IMPACT YOU WILL MAKE
The Multifamily Underwriting - Principal role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
  • Review Lender loan underwriting packages and set the loan terms for Multifamily loans prior to their acquisition.
  • Calibrate with your team on underwriting Multifamily deals and reviewing the issuance of securities to customers.
  • Gather and assess the strengths, risks, and mitigants of each loan to determine the supportable loan sizing parameters while maintaining credit risk standards and adhering to guidance limitations.
  • Confer with management on potential risks and costs involved with providing services to a customer.
  • Review and recommend changes to the review process to determine lending decisions.
  • Recommend changes to process related to issuance of securities or other financial loans to the customer.
  • Serve in a team leadership role and use your skills to identify current, emerging, and potential risks within the execution.
  • Work closely with the regional Senior Director to enhance the credit team's execution of loan underwriting reviews.
  • Help identify execution enhancements within the credit team and lead the implementation of changes by engaging with all relevant stakeholders.
  • Develop a subject matter expertise in multiple credit-related areas and lead special initiatives across the front-end of the business.

THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
  • 8 years of relevant experience
  • Proficiency in industry and GSE Multifamily Underwriting practices
  • Expert in identifying the strengths, risks, and mitigants relating to Multifamily loans
  • Demonstrated relationship and project management skills, with a proven ability to engage effectively with internal and external stakeholders
  • Experience with various Multifamily property types
  • Specialized expert knowledge in at least one area of Multifamily loan underwriting
  • Demonstrates curiosity and adaptability by learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work

Desired Experience
  • Bachelor's degree or equivalent
  • Experience in Fannie Mae DUS underwriting standards, products, and tolerances.
  • Demonstrated strategic thinking abilities, strong relationship management skills, and an ability to offer effective solutions to complicated issues
  • Ability to lead the planning, execution, and related training for complex solutions
  • Strong written, verbal, and presentation skills for communicating complicated transactions to senior leadership, internal stakeholders, and external partners
  • Adept at delivering clear and concise presentations tailored to diverse stakeholder audiences
  • Advanced business writing skills

Multifamily Risk - Underwriting - Principal
#LI-NL1 - Hybrid
Qualifications
Review Process, Underwriting, Underwriting Risk
Education:
Bachelor's Level Degree (Required)
The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.
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.
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. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.
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. See more here.
Requisition compensation:
175000
to
239000

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