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

Employer
Capital One
Location
Bethesda, Maryland
Closing date
Aug 19, 2022

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Job Details

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.

#CommReal

#LI-Remote

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).

Company

We Don’t Only Think Big Things—At Capital One, We Do Big Things.

You’re dedicated to your career. You deserve professional satisfaction and personal fulfillment. You belong at Capital One.

Here, every day brings another chance to do impactful work that matters: helping millions of customers confidently manage their money, building stronger communities and delivering truly disruptive tech. You’ll give your all alongside some of the brightest, most resilient people in the industry—and in return, you’ll enjoy the growth opportunities, support, flexibility and benefits you need for an exhilarating life both on and off the job.

Be inspired. Be yourself. That’s #LifeAtCapitalOne.

Creating a Culture of Belonging

At Capital One, we value diversity, inclusion and belonging at our core. We’re building a place of belonging—where everyone can feel seen, heard, valued and free to be their authentic selves. We want to be a place of opportunity—where associates from all backgrounds innovate for our customers and communities, and build meaningful, fulfilling careers.

We endeavor to be a welcoming and inspiring place for all. We seek and embrace diversity. And we’re committed to having a diverse and inclusive workforce, focused on increasing the representation of underrepresented groups, strengthening our culture of inclusion and belonging and harnessing our scale to invest in our communities.

We’re focused on three core principles to advance diversity, inclusion and belonging across Capital One:

Create a culture of belonging where everyone can thrive and innovate

Attract and develop talent from all backgrounds and experiences

Ensure our systems and programs promote fairness and equity

Get a career with more at Capital One.  Discover it for yourself today.

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, sexual orientation, gender identity, protected veteran status, disability or other protected status.

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