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R131260 Posted 01/06/2022

Director of Assumptions - Multifamily Agency, Commercial Real Estate

Boston , Massachusetts | Alpharetta , Georgia | Roswell , Georgia | New York , New York | Dallas , Texas | Bethesda , Maryland
  • Category Risk Management
  • Experience Director
  • Primary Address Boston, Massachusetts

Overview

100 Summer (21021), United States of America, Boston, Massachusetts

Director of Assumptions - Multifamily Agency, Commercial Real Estate

Capital One is active in all aspects of the commercial real estate arena with extensive experience in permanent and construction loans for a broad range of projects including multifamily housing, retail, office buildings, student housing, industrial and parking facilities. Our Agency Multifamily Finance Team is a part of Capital One’s broader Commercial Real Estate Business (CRE) and in addition to generating loans for our balance sheet, is one of the largest originators of Fannie Mae, Freddie Mac and FHA loans.

The incumbent is responsible for overseeing the Fannie Mae and Freddie Mac Assumption process for Capital One’s Multifamily platform. This role will be responsible for to ensuring all investor guidelines are met. The candidate may be responsible for credit approval of the majority of transactions so previous credit authority would be preferred. 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 Fannie Mae and Freddie Mac Assumptions from application to delivery and can accurately detail this out to stakeholders within the deal team

  • Navigates deals through the Assumption process with the Agencies as well as the Master Servicers

  • 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   

  • Underwrite complicated borrower structures and unique property/market characteristics

  • 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 Agency 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 Assumptions to identify and address problems to produce timely loan modifications and risk rating changes, as appropriate

  • Mentor and train underwriters and analysts

This role may be based in Boston, NY, Atlanta, Bethesda or Dallas.

Capital One is open to hiring a Remote Employee for this opportunity.

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 Multifamily Underwriting and or Asset Management

  • Experience managing team (3+ Associates)

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

#LI-hybrid

    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.

    If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

    For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

    Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

    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).

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