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Job Details

Capital One

Commercial Real Estate Underwriter - Principal Associate

Business and Financial Operations


Full Time


Boston, Massachusetts, United States

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

Commercial Real Estate Underwriter - Principal Associate

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 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.

In this role as a Principal Associate, the ideal candidate will be expected to fully understand 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 underwriting process with minimal oversight

  • 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

  • Shows ability to oversee, train and increase their own efficiency through the use of Analysts\Senior Analysts

  • Review work of analyst/senior analysts assisting on deals and pre-screens

  • Higher level external exposure to borrowers and lender counsel

  • Underwrites complex transactions with complicated borrower structures and unique property/market characteristics

  • Presents fully completed and analyzed narratives with supporting risk mitigation to their manager

  • Works on special projects as deemed appropriate by their manager

  • Participates in structuring deals with manager and production to broaden product knowledge

  • Develops and foster relationships with agency counterparts

  • Interprets Fannie Mae/Freddie Mac product sheets and underwrites all transaction types, including fixed, floating, supplemental, MHCs, etc.

Basic Qualifications:

  • Bachelor's Degree or Military Experience

  • At least 3 years of commercial real estate experience

Preferred Qualifications:

  • At least 2 years of experience as an Analyst in Agency Lending

  • At least 3 years of experience as an Underwriter in Agency Lending

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.

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-[Register to View] or via email at [Register to View] . 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 [Register to View] [Register to View] 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).