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Deputy Chief Underwriter - SBL

Location Bethesda, Maryland
Job ID R103166 Updated date 11/19/2020
Bethesda Metro Center (17049), United States of America, Bethesda, Maryland

Deputy Chief Underwriter - SBL

The incumbent is responsible for overseeing the SBL Underwriting Team for Capital One’s Multifamily platform, specifically for Government Sponsored Entities (i.e. Fannie Mae, Freddie Mac, etc.). This role will be responsible for training and overseeing the work product of the SBL 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.

  • Fully understands the procedural aspect of underwriting Agency 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\risks associated with the transactions and provides mitigated recommendation to discuss with their manager

  • Presents ideas for policy and process improvements to their manager

  • Review work of Senior Underwriters assisting on deals and prescreens

  • Higher level external exposure to borrowers and lender counsel

  • Develops and foster relationships with agency counterparts

  • Interprets Fannie Mae/Freddie Mac product sheets and underwrite all transaction types, including fixed, floating, supplementals, MHC's, etc.

  • Review underwriter loan approval presentations for approval and\or submit recommendations

  • Understand and employ all policies and procedures of the Bank and the Line of Business.

  • Partner with Closing and outside counsel in the review and approval of loan documentation to ensure the documents meet agreed-upon business terms and satisfy the specific requirements of the appropriate credit approval authority

  • Foster an open dialogue and strong working relationship with Asset Management, Servicing, Closing and other 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 Portfolio 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 team leads and senior underwriters

  • Travel expected, must visit CONA regional offices, Agency field offices and Originators on a routine basis

  • Partner with Production Lead for the channel to drive and grow the business

Basic Qualifications:

  • Bachelor's Degree or Military Experience

  • At least 5 years of experience in Multifamily Agency lending

Preferred Qualifications:

  • At least 7 years of experience in Multifamily Agency Lending

  • At least 5 years of experience in Fannie Mae or Freddie Mac Multifamily underwriting

  • Experience managing a team of five or more associates

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.