Bethesda Metro Center (17049), United States of America, Bethesda, MarylandAt Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding. Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.Commercial Real Estate - Deputy Chief Underwriter, Head of SBL UnderwritingThe incumbent is responsible for overseeing the SBL Underwriting Team for Capital One's Multifamily platform, specifically for Government Sponsored Entities (ie Fannie Mae, Freddie Mac, etc.). This role will be responsible for training and overseeing the work product of the SBL team. 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. Fully understands the procedural aspect of underwriting Agency Loans from application to delivery and can accurately detail this out to stakeholders within the deal teamNavigates deals through the underwriting processCorrectly identifies all waivers
isks associated with the transactions and provides mitigated recommendation to discuss with their managerPresents ideas for policy and process improvements to their managerReview work of Senior Underwriters assisting on deals and prescreensHigher level external exposure to borrowers and lender counselDevelops and foster relationships with agency counterpartsInterprets Fannie Mae/Freddie Mac product sheets and underwrite all transaction types, including fixed, floating, supplementals, MHC's, etc.Review underwriter loan approval presentations for approval and\or submit recommendationsUnderstand and employ all policies and procedures of the Bank and the Line of Business.Partner with Closing and outside counsel in the review and approval of loan documentation to ensure the documents meet agreed-upon business terms and satisfy the specific requirements of the appropriate credit approval authorityFoster an open dialogue and strong working relationship with Asset Management, Servicing, Closing and other groups that support and review the line of businessRemain up-to-date on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliancePartner with Portfolio Management to proactively manage the loan portfolio to identify and address problems to produce timely loan modifications and risk rating changes, as appropriateMentor and train team leads and senior underwritersTravel expected, must visit CONA regional offices, Agency field offices and Originators on a routine basisPartner with Production Lead for the channel to drive and grow the businessBasic Qualifications:Bachelor's Degree or Military ExperienceAt least 7 years of experience in Multifamily Agency lending Preferred Qualifications:At least 8 years of experience in Multifamily Agency LendingAt least 5 years of experience in Fannie Mae or Freddie Mac Multifamily underwritingExperience managing a team of five or more associatesAt this time, Capital One will not sponsor a new applicant for employment authorization for this position.