Erin (Favilla) Ter Nedden
About Erin (Favilla) Ter Nedden
Erin (Favilla) Ter Nedden is the Director of Fair Lending at Fannie Mae, with extensive experience in fair lending and compliance, having held significant roles at CIT Bank and Indymac Bank.
Director, Fair Lending at Fannie Mae
Erin (Favilla) Ter Nedden holds the title of Director, Fair Lending at Fannie Mae. In her role, she develops and executes strategies for fair lending and compliance complaint program management. Her responsibilities include conducting borrower loan file reviews, analyzing borrower credit characteristics, performing statistical analyses, and preparing executive reports on fair lending performance trends. She plays a crucial role in identifying and researching the causes of variances in fair lending performance trends.
Previous Experience at CIT Bank
From 2009 to 2016, Erin served as VP, Fair Lending Officer at CIT Bank (formerly OneWest Bank). In this position, she specialized in risk assessment, project planning, and test design and implementation. Her responsibilities included resolving data quality issues and assisting with HMDA scrubbing prior to annual data submission. Erin's extensive experience in fair lending and compliance enforcement made her a key player in monitoring and maintaining fair lending practices at the bank.
Professional Background in Fair Lending Compliance
Erin's career in fair lending and compliance began at Indymac Bank, where she worked as a Senior Analyst from 2002 to 2008. Her primary duties included analyzing and preparing executive reports on fair lending performance trends and performing statistical analyses to identify outcomes requiring additional review. Prior to this, she also gained valuable experience as an Account Executive at Management Recruiters International from 2000 to 2001 and as an Account Manager at Parity from 1996 to 1999.
Educational Background
Erin graduated from the University of California, Berkeley and earned a Juris Doctor (JD) degree from Georgetown University Law Center. Her educational background in law has been fundamental in shaping her career and enhancing her expertise in fair lending and compliance. She also studied at the University of California, Los Angeles, further solidifying her academic foundation.
Community Engagement and Diversity Initiatives
Erin actively participates in community engagement and volunteer activities. She has been involved in initiatives to promote equitable housing finance and has a strong focus on diversity and inclusion in the workplace. Her commitment to fostering a fair and inclusive environment is evident in her efforts to improve equity in housing finance and her involvement in community activities.