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Commercial Real Estate - Senior Underwriter IV, Team Lead

Employer
Capital One
Location
Bethesda, Maryland
Closing date
Apr 11, 2021

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Job Details

Bethesda Metro Center (17049), United States of America, Bethesda, Maryland

Commercial Real Estate - Senior Underwriter IV, Team Lead

The incumbent is responsible for overseeing an underwriting team for Capital One's Multifamily platform, specifically for Government Sponsored Entities (i.e. Fannie Mae, Freddie Mac, etc.). This role will be responsible for training and overseeing the work product of anUnderwriting 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 team
  • Navigates deals through the underwriting process
  • Correctly identifies all waivers\risks associated with the transactions and provides mitigated recommendation
  • Presents ideas for policy and process improvements to their manager
  • Review work of Senior Underwritings assisting on deals and prescreens
  • Higher level external exposure to borrowers and lender counsel
  • Ability to underwrite complex transactions with complicated borrower structures and unique property/market characteristics
  • Develops and foster relationships with agency counterparts
  • Interprets Fannie Mae/Freddie Mac product sheets and underwrites all transaction types, including fixed, floating, supplementals, MHC's, etc.
  • Structure and underwrite complex credit facilities in a manner which achieves the Bank's profitability goals while staying within the Bank's risk parameters.
  • Review underwriter loan approval presentations for approval and\or submit recommendations and/or approve.
  • Understand 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 authority.
  • Foster an open dialogue and strong working relationship with Risk Management, Loan Administration, Special Assets Department and other groups that support and review the line of business.
  • Remain up-to-date on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliance.
  • Partner with Portfolio Management to proactively manage the loan portfolio to identify and address problems to produce timely loan modifications and risk rating changes, as appropriate.
  • Mentor and train team leads and senior underwriters


Basic Qualifications
  • Bachelor's Degree or Military Experience
  • At least 7 years of experience in Multifamily Agency lending


Preferred Qualifications:
  • 10+ years of experience in Multifamily Agency Lending
  • 5+ years of experience in Fannie Mae or Freddie Mac Multifamily underwriting
  • 5+ years experience managing a team of five or more


At this time, Capital One will not sponsor a new applicant for employment.

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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