Director, Commercial Underwriter IV, Multifamily Lending job – Capital One – McLean, VA

Director, Commercial Underwriter IV, Multifamily Lending

Capital One


4,161 reviews


McLean, VA

McLean 1 (19050), United States of America, McLean, Virginia

At 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.

Director, Commercial Underwriter IV, Multifamily Lending

Director, Commercial Underwriter IV, Multifamily Lending

The incumbent is responsible for evaluating multifamily commercial loan applications for new loan facilities, as well as for processing loan renewals and extensions, all in accordance with business unit standards in Mid-Atlantic Region of the U.S.. Additional scope of responsibilities includes performing due diligence and gathering information as necessary to make sound lending decisions. This role will be responsible for training and overseeing the work product of an Underwriting Team. The incumbent will also perform other duties as necessary to support the goals and objectives of the Commercial Lending area and the line of business unit and work directly with Relationship Managers and Credit oversight to structure transactions for loan application and approval.

Responsibilities

  • Structure and underwrite complex credit facilities in a manner which achieves the Bank’s profitability goals while staying within the Bank’s risk parameters. Specifically, stabilized and new construction multifamily residential buildings.
  • Review underwriter loan approval presentations for approval submit recommendations.
  • Understand and employ all policies and procedures of the Bank and the Line of Business.
  • Prepare written credit approval memoranda and ancillary forms for complex credit facilities.
  • Partner with Loan Administration and outside counsel in the preparation, 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.
  • Partner with Relationship Managers to cultivate excellent client relationships. Exhibit a sense of urgency towards meeting client requests while also meeting acceptable risk parameters.
  • Understand and promote bank products to assist the Relationship Managers in meeting profitability targets.
  • 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.
  • Possess thorough knowledge of the fundamentals that drive cash flow and values for all commercial property types, including office, retail, industrial and apartments.
  • Partner with in-house appraisal and engineering staff in ordering and reviewing third party reports such as Appraisal, Environmental and Property Condition Assessments.
  • Perform site due diligence, as applicable.
  • 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.

Basic Qualifications

  • Bachelor’s Degree or Military Experience
  • At least 7 years of experience in multifamily lending (bank, Agency, insurance company, etc.) or multifamily operating/portfolio management experience.
  • At least 5 years of experience in multifamily lending underwriting

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


4,161 reviews

At Capital One, we think and work like a tech company, using our digital fluency to transform everything about the customer experience….

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