This position is located at Department of Housing and Urban Development, Government National Mortgage Association Ginnie Mae. This opportunity is also open to Status Candidates under Announcement 26-HUD-12936632. Please refer to that announcement for details on open period, eligibility, and how to apply.
You must meet the following requirements by the closing date of this announcement. Specialized Experience: Specialized Experience for the GS-15, you must have one year (full 52 weeks) of specialized experience at a level of difficulty and responsibility equivalent to the GS-14 grade level in the Federal service. Specialized experience for this position is defined as: Developing or administering a program that involves institutions or in the mortgage backed securities industry; AND Developing and implementing risk management, compliance and enforcement protocols; AND Working directly with mortgage servicing and sub-servicing programs (Ginnie Mae, Fannie Mae and Freddie Mac) and concepts, this may include: FHA, VA and USDA loans; AND Developing and executing asset disposition strategies; AND Supervising or leading a team managing vendors and contractors. The 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.
HUD's Mission The mission of the U.S. Department of Housing and Urban Development is to foster strong communities by supporting access to quality, affordable housing, expanding the housing supply, and unlocking homeownership opportunities for the American people. The Department is committed to furthering the promise of self-sufficiency in every American while promoting economic development to revitalize rural, tribal, and urban communities across the country. This position is located in the Government National Mortgage Association (Ginnie Mae), Monitoring Division within the Government National Mortgage Association (Ginnie Mae). Ginnie Mae is a wholly owned government corporation created to help expand homeownership opportunities for low and moderate-income Americans, by linking global capital markets to the nation's housing markets. As a Director Mortgage Backed Securities Monitoring Division, you will: Manage the selection and maintenance of master subservicer for Single Family, Multifamily, and Manufactured Housing portfolios. These contracts are in place to assume servicing responsibilities for issuers placed in default by Ginnie Mae, and that the contracts under which these entities operate are clear and protect Ginnie Mae's interests. Manage the monitoring of the performance of subservicers and of the pools themselves to insure the portfolio is being properly serviced and Ginnie Mae losses are being kept to a minimum level. Provide policy assistance and guidance to subservicers regarding complex and novel issues involving the Ginnie Mae defaulted portfolio. Coordinates with the Ginnie Mae Controller the approval and payment of all expenses submitted by subservicers. Review the work of Ginnie Mae's risk analysis contractor and the master subservicers. Provides technical directions and program policy guidance to the contractors. Effect and recommend changes in policies and procedures to better control risk and asset management of the MBS program.