Agency Warehouse Operations Associate

Employer
Capital One
Location
McLean, Virginia
Posted
Jan 14, 2022
Closes
Feb 13, 2022
Ref
R131613
Function
Finance
Hours
Full Time
Center 1 (19052), United States of America, McLean, Virginia

Agency Warehouse Operations Associate

We are looking for an experienced loan operations professional to join our Agency Warehouse Operations team. The individual should have a strong understanding of the core principles governing loan documentation and perfection of security interests. They will manage a portfolio of commercial warehouse lines which requires close engagement with customers, high attention to detail to support document review and processing, and strong relationships with stakeholders and partner teams. The primary focus is on managing risk by enforcing individual loan agreement terms and collateral requirements balanced with providing best-in-class customer experience. Outside of the core role, the team regularly engages with partner teams and stakeholders for end to end support and ongoing improvement initiatives.

General Responsibilities:
  • Interaction with Clients, Agencies and various internal partners to facilitate new closings and day to day activities.
  • Support the closing process for commercial loan products, including reviews of loan documents, providing guidance and feedback on operational mechanics and expectations.
  • Work with Relationship Managers/Underwriters to gain an understanding of the key structural components of loan transactions and expectations, and pre-funding analysis.
  • Oversee collateral documentation, including shipping, review, tracking and vault storage. As well as Bailee and Escrow letter preparation and management.
  • Coordination and processing of related funds transfers internally and externally
  • Reconciliation with Client records.
  • Use metrics and reporting to measure capacity and performance and provide transparency to senior leaders.
  • Navigate ambiguity with a well-managed approach to meet customer needs
  • Remain current on all pending and proposed regulatory changes affecting compliance.
  • Monitor and clear exception reporting and key risk indicators.
  • Other typical duties as assigned and associated with ongoing improvement and strategic goals and initiatives.


The ideal candidate will:
  • Be comfortable in a fast paced environment
  • Be detail oriented
  • Make customer service a competitive advantage
  • Have the ability to complete tasks in consistent and timely manner
  • Have strong written and oral communication skills and attention to details
  • Be comfortable with a fast turnaround expected by customers
  • Have strong organizational skills
  • Have strong interpersonal skills and professional demeanor
  • Have the ability to handle frequent changes
  • Have familiarity with the Fannie, Freddie, Ginnie Agency Lending Programs


Work at Home Technology Requirements:
  • A secure home office environment that is free from background noise and distractions
  • A reliable private internet connection that is not supplied by use cellular data (hot spot)
    • Cable or fiber connections are preferred
    • Internet service download speeds must be at least 5 mbps, with 10+ mbps preferred - check your download speed using a speed test. A sample one can be found here . To test your home internet from your personal computer at home, type www.speedtest.net into the web browser of your personal computer.
    • Sustained ability to maintain latency less than 250 ms in voice calls is required
  • Hard wired connectivity is preferred, any use of wireless connectivity must be Private (non-public) and password protected through WPA2-PSK (AES) encryption. If you have any questions about your encryption, please consult with your internet provider
    • A private network is password protected where you have ownership or line of sight to every device on the network
  • Capital One reserves the right to request proof of internet provider, speed and service package from the associate
  • Requirements are subject to change, as new systems and technology is delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice.


Candidates must live within 100 miles driving distance of one of the hub locations based in McLean.

Basic Qualifications:
  • High School Diploma, GED or equivalent certification
  • At least 1 years financial services or loan operations experience
  • At least 1 year of customer service experience
  • At least 1 year of experience in Microsoft Office or Google Suite


Preferred Qualifications:
  • Bachelor's Degree or Military experience
  • At least 2 years experience in an Agency Lending support function
  • At least 1 year of experience working with credit or loan documentation


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 1-800-304-9102 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

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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).