Multifamily Agency Originations Analyst I
Capital One is seeking a Senior Associate to support the multifamily originator team to join our Commercial Real Estate Business. We are seeking an Originator to contribute to the expansion of our Multifamily platform. Capital One is active in all aspects of the commercial real estate arena with extensive experience in permanent and construction loans for a broad range of projects including multifamily housing, manufactured housing, student housing, and industrial facilities. Our Multifamily Finance Team is a part of Capital One’s broader Commercial Real Estate Business (CRE) and in addition to generating loans for our balance sheet, is one of the largest originators of Fannie Mae, Freddie Mac and FHA loans. The Senior Associate in this role will be responsible supporting the Newport Beach originations team in the execution of their $1B+ annual originations volume. The associate will be responsible for initial underwriting of prospective deals, providing feedback to clients and assisting in the full underwriting and closing process alongside their team members.** **
Responsibilities:
- Work in a fast paced environment to provide timely feedback to clients & internal stakeholders
- Knowledge of Agency loan programs and relevant agency underwriting experience
- Executing brokered transactions to capital sources outside of Capital One including debt funds, life insurance companies, CMBS firms and local and regional banks
- Input historical operating statements and rent rolls into Loan Calc Models
- Size and structure loans based on Freddie Mac and Fannie Mae programs (as well as balance sheet, FHA, CMBS and Life Co. programs occasionally)
- Generate loan screening memos for Credit approval prior to submission to Freddie and Fannie for quotes. This analysis will require the following: 1) basic borrower analysis (org structure and financial analysis); 2) description of loan request and exceptions/waivers; 3) market analysis 4) property description; 5) NOI discussion
- Reviewing Primary due due diligence for conventional multifamily finance executions.
- Drafting loan application letters and assisting with generation and collection of required due diligence information; will work closely with Underwriting on the due diligence items as well as coordinating third party report quotes, inspections, etc.
- Completing market and borrower research to assist the production marketing plans
- Responsible for interaction with borrowers to collect due diligence, and advance deals.
- Attend borrower meetings and conferences
- Overall, support and help grow the business of the Newport Beach Origination teams
- Maintain tracking system for refinance opportunities
- Oversee borrower analysis (org structure and financial analysis, description of loan request and exceptions and waivers, market analysis, property description and NOI discussions)
- Review quotes provided by Fannie and Freddie
- Work closely with Underwriting, Closing and the Origination team to solve problems and ensure a smooth transaction for each client
Basic Qualifications:
- Bachelor’s degree or military experience
- At least 2 years of experience in Commercial Real Estate
Preferred Qualifications:
- At least 1 year of experience underwriting Fannie Mae and Freddie Mac loans
_ 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.
Newport Beach, CA: $50,000 - $125,000 for Originations Analyst I
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.
No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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).