Of course I could complain about how I believe I am underpaid. I can talk about the political red tape which clogs the decision making for upper tier managers. But instead I want to mention the stability and security of my position. As long as I do my job, do it well, and show that I am a responsible person, my job here is not in jeopardy. Advancement opportunities depend on your department and management, though either way a good bit of politics is involved.
Identify the Freddie Mac-recommended testing scenarios that apply to Freddie Mac’s Book of Business and, if applicable, develop or recommend additional testing scenarios. Create a test plan. This is an internal test plan to ensure your technology updates will be successful and/or verify with your vendor or sub-servicer.
My job allows me the stability of schedule and content of paycheck to pay my bills and put some money into savings. However discretionary income for travel and other activities are usually sources through seasonal part-time work.
Freddie Mac is a strong flexible employer. The commercial real estate capital markets are ever evolving and so working within the industry is always changing. Freddie Mac is no different. I enjoy the fact that our mission is at the forefront of solving the housing affordability gap crisis in the country. It feels good to know your work serves this critical social need. The most difficult aspect of the job is being under conservatorship and the negative outside perception of the GSEs contribution versus risk. Many benefits of working within the capital markets, such as conference attendance, are not available.
I really needed the cash. The contract position only paid about $14 an hour.
Lots of hard work, but I loved it. The cafeteria was a plus.
I was a floater between three distressed loans departments. I was instrumental in teaching the clients what was expected of them.
Many did not report correctly because they didn't know how. I got so many compliments that a full time employee must have felt threatened and requested that I be moved. I helped a lot of people by calling and asking if I could assist them in getting their reporting done on time.
They were pleased to have someone who could assist. Android IOS 9.0 and higher. IOS 11.4.1 and higher.
Desktop Support. Asset Management on Enterprise level. Deployment of all corporate owned apple devices through DEP. Win 10, win 7 deployment and imaging.
Deployment of Wifi Hotspots, specifically AT&T Nighthawk. Troubleshooting software break/fix and installations in prod and in non prod vdi through Vmware Horizon. Resolving registry error problems, environmental variables, and profile corruptions. Legal retention and back up devices through SCCM.
BIOS rollback and Bitlocker encryption. Typing WPM between 90 and 110. Full Microsoft suite 365 ready for cloud integration: Teams, Sharepoint, Excel, Word, Powerpoint, Visio.
Excellent at documentation creation. Very good at maintaining vendor relationships while managing expectations. Created many queries for service now on an enterprise level. Maintained strict 5 day SLA business timers. Balanced asset management spreadsheet to maximize savings during quarterly ordering. Azure Directory Administration through Powershell in transition for cloud.
Highly familiar with HP 800 G2's through HP 800 G5's, Zenin work stations, HP peripherals, and RICOH printer relations. Updated emergency power backup protocol for Data Center. ITIL Certified. Widely differing skill sets and educational and professional background among staff. Zero cohesiveness and teamwork. Promotions entirely based on popularity and whom you knew. The singular exception to all this negativity was the rarefied, dignified, progressive world of the economists and statisticians in capital markets, credit policy, and risk management.
Else, especially, in technology, so many keystone cops, countless ants bumping into each other. In Multifamily, envy, resentment, favoritism.
King one day, fired the next. If you were white and knew your place and wore your twinsets and pearls, you could manage to keep your job for decades. Freddie Mac offers excellent compensation, work-life balance, and exposure to the latest data analytics and web development technologies.
The culture is focused on innovation and efficiency improvements. Employees can sometimes be overwhelmed by the number of projects assigned to them, but this is truly a company that lets you take control of your own growth potential. Coworkers are in good spirits and always looking for opportunities to collaborate. Freddie has an incredible benefits package and is constantly revising it to make it as competitive as possible. As with most large companies, Freddie suffers from policy and procedure overload that can hinder project progress with substantial red tape. Reorgs, construction, shifts in management and all of it leads to nothing. Every time a new executive is brought in they feel they need to make major visible changes to justify their being hired.
The changes lead to nothing, middle management doesn't allow good changes to go through and also blocks some of the bad changes so really all that happens is there is another round of instability. Freddie is big on checking the box but not following through on real change.
The people are very nice, but management seems fairly disinterested.
What Is The Secondary Mortgage Market? Posted January 25, 2017 by CSS The primary mortgage market is the place where consumers shop for loans when they are ready to buy a home. The secondary mortgage market, on the other hand, is where banks sell loans to other investors like the federal government, pension funds, and insurance companies. Nearly every home loan ever issued in the US is eventually sold on the secondary market.
By selling loans to these secondary investors, banks are freed up to offer new mortgages. Before the secondary market was created, only large banks had the funds able to service a mortgage for the 15 or 30-year life of the loan.
Opening up the secondary market allowed home buyers more options, helped to keep interest rates low and created a more competitive marketplace. On the secondary market, loans are often sold to large aggregators like Fannie Mae and Freddie Mac, which are guaranteed and backed by the federal government. Those aggregators then package the loans into mortgage-backed securities that are sold to investors like governments, pension funds, hedge funds, insurance companies and Wall Street speculators. The Current State of The Secondary Mortgage Market If all of this sounds familiar, it should. The subprime mortgage crisis was at the epicenter of the Great Recession. The secondary market was decimated by the financial crash, and investors were scared away, but the market still exists. Banks began returning to the secondary market around 2013 and they currently hold around 27% of mortgages.
Even so, home ownership is now lower than it was in 1976, even with the government guaranteeing 90% of all home loans. The mortgage industry is still hobbling back to life, and many regulators and mortgage professionals disagree on the process by which the mortgage market can get back on track without creating another potential crash. “There is a bubble of potential 1 st time home owners out there! They will join the American dream and buy their 1 st home because it’s an investment in their future! In the meantime, the place to find a job in the mortgage industry is in the secondary market. There are plenty of loans that need to be serviced and will need to be taken care of for many years to come!” says Kim Williams, Managing Director, Professional Staffing Group.
Lewis Ranieri, known as the “father of the mortgage-backed security” addressed the current state of the secondary market in a recent conversation with. As one of the authors of a reform proposal to merge Fannie Mae and Freddie Mac and have them reinsure catastrophic risk only, he believes that government-backed securities are not encouraging competition, but rather stifling it. He says change is needed to free the market back up, but he and others like him are experiencing resistance: With the GSEs and other government agencies like the Federal Housing Administration still involved in 90% of the mortgage market, any scaling back to the more traditional benchmark of around 60% for governmental entities to allow the re-introduction of more private market involvement will have to be gradual. While both the primary and secondary mortgage markets haven’t recovered 100% from the recession, American families have not abandoned the dream of home ownership, and over time, investors will return to the secondary market to help banks free up capital to make new loans.
If your bank, mortgage brokerage or investment firm is looking for talented financial pros to help you achieve your goals, or if you are a mortgage professional seeking new opportunities, the expert recruiters at today. Filed under:, Tags:,.