Commercial Real Estate Agency Underwriting Manager - Small Balance Lending and Small Loans (Remote Eligible)
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 Multifamily Agency 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. Supported by over 200 associates, we generated close to $10 billion in new loans for 2019.
The Commercial Real Estate Agency Underwriting Manager will work closely with production partners and loan closers to independently underwrite and manage deals through the underwriting process while contributing to the training and development of analysts on a path toward underwriting loans.
Underwrite and support analyst training in Agency multifamily underwriting with a focus on Freddie Mac Small Business Lending (SBL) and Fannie Mae Small Loans.
Lead the underwriting process, managing deal timelines, developing credit recommendations, and ensuring agency/bank compliance.
Work directly with production teams to develop loan structures that will meet client’s financial objectives.
Develop and maintain strong relationships with production and closing departments as well as external agency investors.
Write and prepare loan proposals and underwriting/due diligence packages.
Model multifamily cash flows, analyze property valuations and review third party reports.
Review financial statement analytics and cash flow models.
Conduct detailed economic and market research to determine feasibility of transactions.
Prepare analytics for new loan proposals and/or development of new reports.
Train and assist team members in performing market surveys, reviewing and conducting standard due diligence.
Review third party reports from vendors such as appraisers, surveyors, and engineers and ensure compliance with all prescribed requirements.
Review governing agreements and program requirements to ensure compliance.
Capital One is open to hiring a Remote Employee for this opportunity
Bachelor's Degree or Military Experience
At least 3 years of experience underwriting Fannie Mae or Freddie Mac Multifamily loans
At least 4 years of experience as an underwriter in Freddie Mac SBL and Fannie Mae Multifamily lending
At least 1 year of experience with credit standards and Agency compliance
Experience with Google Suite or Microsoft Office
Pacific time zone preferred but not required
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
#CommRealNo 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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