Capital One Sr FHA Underwriter 

United States, Virginia, Arlington 

652216862

Center 2 (19050), United States of America, McLean, Virginia Sr. FHA Underwriter

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

Illinois (Hybrid On-Site): $185,600 - $211,800 for Agency UW & PM IIIThis 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.

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 . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.