Multifamily Agency Originations Analyst I
About The Position
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.
Requirements
- Bachelor’s degree or military experience
- At least 2 years of experience in Commercial Real Estate
Nice To Haves
- At least 1 year of experience underwriting Fannie Mae and Freddie Mac loans
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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
