Capital One
Sr. FHA Underwriter
Capital One, Mc Lean, Virginia, us, 22107
Center 2 (19050), United States of America, McLean, Virginia
Sr. FHA Underwriter
The Senior FHA Underwriter is responsible for overseeing underwriting for multifamily loans; be able to provide direction and grow/develop the existing team of underwriters.
Specific responsibilities include, but are not limited to:
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
Establish effective policies and procedures designed to establish consistency among team members and effectively mitigate transaction risks
Cultivate strong leadership and teamwork among the broader organization
Establish strong relationships with HUD program centers and Hub offices throughout the country and become well acquainted with the Hub directors and production chiefs to strengthen our business partnership with HUD/FHA overall
Basic Qualifications:
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
* At this time, Capital One will not sponsor a new applicant for employment authorization for this position.**
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Illinois (Hybrid On-Site): $185,600 - $211,800 for Agency UW & PM III
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website (https://www.capitalonecareers.com/benefits) . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
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 (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable 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
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
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).
Sr. FHA Underwriter
The Senior FHA Underwriter is responsible for overseeing underwriting for multifamily loans; be able to provide direction and grow/develop the existing team of underwriters.
Specific responsibilities include, but are not limited to:
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
Establish effective policies and procedures designed to establish consistency among team members and effectively mitigate transaction risks
Cultivate strong leadership and teamwork among the broader organization
Establish strong relationships with HUD program centers and Hub offices throughout the country and become well acquainted with the Hub directors and production chiefs to strengthen our business partnership with HUD/FHA overall
Basic Qualifications:
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
* At this time, Capital One will not sponsor a new applicant for employment authorization for this position.**
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Illinois (Hybrid On-Site): $185,600 - $211,800 for Agency UW & PM III
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website (https://www.capitalonecareers.com/benefits) . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
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 (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable 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
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
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).