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Capital One · 19 hours ago

Agency Underwriter and Portfolio Manager II - Affordable Housing

McLean, VA

Full-time

Onsite

Senior Level

$150K/yr - $171K/yr

5+ years exp

Capital One is active in all aspects of the Commercial Real Estate arena, focusing on multifamily housing and various loan types. The Agency Underwriter and Portfolio Manager II will manage the underwriting process for multifamily loans, analyze borrower qualifications, and lead due diligence efforts while fostering relationships with Agency counterparts.

BankingCredit CardsFinanceFinancial Services

Comp. & Benefits

No H1B

Responsibilities

Fully understands the procedural aspect of underwriting Agency multifamily 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

Independently complete property inspections and lease audits 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 oversee the deal due diligence process and lead due diligence calls with borrowers

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

Qualification

Commercial Real Estate UnderwritingFannie Mae/Freddie Mac KnowledgeAffordable Housing ExpertiseCredit Underwriting ExperiencePortfolio Management ExperienceAsset Management ExperienceGoogle SuiteMicrosoft OfficeSoft Skills

Required

Bachelor's Degree or Military Experience

At least 5 years of experience in credit underwriting, portfolio management, or asset management

Preferred

At least three years of Commercial Real Estate Agency underwriting experience with knowledge of affordable housing (inclusive of LIHTC and Section 8), and experience reviewing regulatory agreements and real estate tax abatements

Knowledge of Fannie Mae/Freddie Mac affordable loan products

Experience with Google Suite and/or Microsoft Office