Senior Underwriter Leadership Role

3 weeks ago


Richmond, Virginia, United States Capital One Full time
Overview

Capital One is seeking a seasoned underwriter to lead our FHA multifamily lending team. As Senior Underwriter, you will oversee the underwriting process for multifamily loans and provide direction to a team of underwriters.

Job Description

This leadership role involves pursuing internal and external relationships to facilitate effective real estate transactions and support business strategy. You will establish and follow consistent processes for underwriting FHA real estate transactions, ensuring an efficient and diligent approach. Additionally, you will coordinate with underwriters and originators to communicate deal specifics to borrowers, handle issues during the underwriting process, and train underwriters on consistent underwriting processes.

Responsibilities
  • Pursue and develop internal and external relationships to facilitate effective real estate transactions and support the line of business strategy
  • Establish and consistently follow process and procedures for underwriting FHA real estate transactions for all multifamily programs to ensure an efficient, diligent and methodical process
  • Coordinate with underwriters and originators to communicate deal specifics to borrowers, including issues that arise during the underwriting process
  • Provide direction to the underwriting team who are responsible for collecting and organizing exhibits for pre-application and firm application packages to submit for HUD/FHA review
  • Communicate with both internal underwriting staff, HUD underwriters/leadership, Borrower and third-parties on a regular basis to ensure transactions are processing smoothly and to help resolve any issues that arise during the HUD/FHA review
  • Train seasoned underwriters and junior underwriters to ensure consistent underwriting process and procedures
  • Identify and assess transaction risks and appropriately document in accordance with credit approval and elevate any issues which appear to be deviating from such to assist in properly managing portfolio risks
  • Complete all compliance requirements related to each transaction to minimize risk
  • Maintain a productive relationship with all partners characterized by collaborative approach and full and timely disclosure of transaction risks ensuring open communication among all team members
Requirements
  • Bachelor's degree or military experience
  • At least 5 years of experience in Federal Housing Administration (FHA) underwriting
  • At least 5 years of experience in commercial real estate
  • Preferred Qualifications:
    • 7+ years of commercial real estate experience
    • 7+ years of experience underwriting FHA-insured loans with some experience managing others in a fast paced lending environment
    • Multifamily Accelerated Processing (MAP) certification
    • Strong analytical and quantitative skills with an ability to comprehend complex projects
    • Strong communication skills
Salary

The estimated annual salary for this role is $185,600 - $211,800, based on location and experience.

Benefits

Candidates selected for this position will be eligible for performance-based incentive compensation, including cash bonuses and/or long-term incentives. Capital One also offers a comprehensive benefits package, including health, financial, and other benefits to support your total well-being.



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