Sr. FHA Underwriter

Requirements

• Bachelor's degree or military experience
• At least 5 years of experience in Federal Housing Administration (FHA) underwriting
• 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
• Lien 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.
• #UWPM #CREAG
• Charlotte, NC: $175,500 - $200,300 for Agency UW & PM III
• Chicago, IL: $175,500 - $200,300 for Agency UW & PM III
• McLean, VA: $193,000 - $220,300 for Agency UW & PM III
• Plano, TX: $175,500 - $200,300 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. 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.

Additional Information

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

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