Commercial Real Estate Agency Lending Underwriting Manager - Affordable Underwriting Team (Remote El

Capital One
Bethesda, Maryland
Jul 17, 2022
Aug 16, 2022
Full Time
Bethesda Metro Center (17049), United States of America, Bethesda, Maryland

Commercial Real Estate Agency Lending Underwriting Manager - Affordable Underwriting Team (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 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.

Responsibilities :
  • Fully understands the procedural aspect of underwriting Conventional Agency loans from application to delivery and can accurately detail this out to stakeholders within the deal team
  • Navigates and problem solves deals through underwriting process with minimal oversight
  • Identifies waivers/risks associated with the transactions and provides mitigated recommendation to discuss with their manager
  • Provides analysis of Borrowers and Guarantors on deals, including organizational structures, financial and real estate schedule analysis
  • Completes property inspections that conform to Agency requirements
  • Reviews third party reports to conform to Agency requirements
  • Presents fully completed and analyzed narratives with supporting risk mitigation to their manager
  • Higher level external exposure to borrowers and lender counsel
  • Ability to collaborate with internal and external participants and partners to meet deadlines
  • 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 prescreens
  • Develops and presents ideas for policy and process improvements to their manager and platform stakeholders
  • 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
  • Understands Fannie Mae/Freddie Mac products with an ability to underwrite all product types, including fixed, floating, and supplementals

Capital One is open to hiring a remote employee for this opportunity.

Basic Qualifications :
  • Bachelor's Degree or Military Experience or at least 5 years of Commercial Real Estate Agency experience
  • At least 3 years of agency underwriting experience

Preferred Qualifications :
  • At least 5 years of Agency underwriting experience with knowledge of affordable housing (inclusive of LIHTC and Section 8), with experience reviewing regulatory agreements
  • Knowledge of Fannie Mae/Freddie Mac affordable loan products
  • Experience with Google Suite or Microsoft Office

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).

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