Underwriting Consultant
Pacific LifeSalary not specified
Full Time
Junior (1 to 2 years)
Agency Underwriter and Portfolio Manager II - Affordable Housing at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Commercial Real Estate, Affordable Housing, Multifamily FinanceIndustries
Requirements
- Bachelor's Degree or Military Experience
- At least 5 years of experience in credit underwriting, portfolio management, or asset management
- 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 (Preferred)
- Knowledge of Fannie Mae/Freddie Mac affordable loan products (Preferred)
- Experience with Google Suite and/or Microsoft Office (Preferred)
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
Skills
Agency Underwriting
Multifamily Loans
Fannie Mae
Freddie Mac
FHA Loans
Financial Analysis
Property Inspections
Lease Audits
Due Diligence
Risk Mitigation
Portfolio Management
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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