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Commercial Real Estate - Underwriter IV

Location Bethesda, Maryland
Job ID R99620 Updated date 10/02/2020
Bethesda Metro Center (17049), United States of America, Bethesda, Maryland

Commercial Real Estate - Underwriter IV

Summary
The incumbent is responsible for overseeing an underwriting team for Capital One’s Multifamily platform, specifically for FHA. This role will be responsible for training and overseeing the work product of an Underwriting Team. The incumbent will also perform other duties as necessary to support the goals and objectives of the Multifamily platform and work directly with originators, the Chief Underwriter and Credit oversight to structure transactions for loan application and approval.

Responsibilities

  • Fully understands the procedural aspect of underwriting FHA Loans from application to delivery and can accurately detail this out to stakeholders within the deal team
  • Navigates deals through the underwriting process
  • Correctly identifies all waivers and risks associated with the transactions and provides mitigated recommendation
  • Presents ideas for policy and process improvements to their manager
  • Higher level external exposure to borrowers, agencies and lender counsel   
  • Interprets FHA product sheets and underwrites all multifamily transaction types
  • Underwrite complex transactions with complicated borrower structures and unique property/market characteristics
  • Structure and underwrite credit facilities in a manner which achieves financing goals while staying within the Bank’s risk parameters
  • Review underwriter loan approval presentations for Loan Committee approval and/or submit recommendations and/or approve
  • Understand and employ all policies and procedures of the Bank and the Line of Business
  • Foster an open dialogue and strong working relationships with FHA partners and other internal groups that support and review the line of business
  • Remain up-to-date on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliance
  • Partner with Asset Management to proactively manage the loan portfolio to identify and address problems to produce timely loan modifications and risk rating changes, as appropriate
  • Mentor and train underwriters and analysts
  • Capital One is open to hiring a Remote Employee for this opportunity

Basic Qualifications

  • Bachelor's Degree or Military Experience
  • At least 7 years of experience in Multifamily Agency lending 

Preferred Qualifications

  • At least 8 years of experience in Multifamily Agency Lending
  • At least 5 years of experience in FHA Multifamily underwriting
  • Experience managing a large team

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

Who We Are

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.