Sr. FHA Underwriter

$185,600 - $211,800/Yr

Capital One - McLean, VA

Full-time - Senior

McLean, VA

Credit Intermediation and Related Activities

About the position

The Senior FHA Underwriter is responsible for overseeing the underwriting process for multifamily loans, providing direction to the underwriting team, and developing internal and external relationships to facilitate effective real estate transactions. This role involves establishing consistent underwriting processes, coordinating with various stakeholders, training underwriters, and managing transaction risks to ensure compliance and efficiency in FHA real estate transactions.

Responsibilities

• Oversee underwriting for multifamily loans and provide direction to the underwriting team.
• Develop internal and external relationships to facilitate effective real estate transactions.
• Establish and follow processes for underwriting FHA real estate transactions.
• Coordinate with underwriters and originators to communicate deal specifics to borrowers.
• Train seasoned and junior underwriters to ensure consistent underwriting processes.
• Identify and assess transaction risks and document them appropriately.
• Complete all compliance requirements related to each transaction.
• Maintain productive relationships with partners and ensure open communication among team members.
• Establish effective policies and procedures to mitigate transaction risks.
• Cultivate strong leadership and teamwork within the organization.

Requirements

• 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.

Nice-to-haves

• 7+ years of commercial real estate experience.
• 7+ years of experience underwriting FHA-insured loans with management experience.
• Multifamily Accelerated Processing (MAP) certification.
• Strong analytical and quantitative skills.
• Strong communication skills.

Benefits

• Comprehensive health benefits
• Financial benefits including performance-based incentives
• Inclusive workplace environment