Capital One - McLean, VA
posted 20 days ago
Full-time - Mid Level
McLean, VA
Credit Intermediation and Related Activities
About the position
The Principal Associate for Agency Finance and Insurance will oversee pre-closing insurance compliance reviews for new loan originations underwritten to GSE programs. This role involves collaboration with internal teams and external parties to manage insurance risk effectively, ensuring compliance with GSE requirements and addressing any issues that arise.
Responsibilities
- Follow-up with insurance agents and borrowers to obtain current proof of insurance
- Ensure that loan reviews are completed timely and accurately to meet specified deadlines
- Review insurance documentation to ensure compliance to GSE insurance requirements
- Perform follow-up on outstanding documents and exceptions to bring coverage into compliance
- Perform analysis of blanket insurance policies and large borrower programs
- Review full insurance policies
- Draft and submit waivers to investors and master servicers
- Maintain systems of record for pipeline management
- Participate in weekly pipeline meetings and share status updates on work in progress
- Perform review of final insurance documentation for boarding and servicing
- Identify opportunities to improve processes to increase control and efficiency
Requirements
- High School Diploma, GED or equivalent certification
- At least 3 years of experience working in loan operations
- At least 2 years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)
Nice-to-haves
- Bachelor's Degree or Military Experience
- 3+ years of experience in commercial or small business banking operations
- 3+ years of experience with Government-Sponsored Enterprise (GSEs) backed multifamily loans
- 3+ years of experience processing insurance disbursements
- 3+ years of experience with Microsoft Office or Google Suite
Benefits
- Comprehensive health benefits
- Financial benefits
- Inclusive workplace support
