Director Mortgage Backed Securities Monitoring Division

Director Mortgage Backed Securities Monitoring DivisionThe 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.