Agency Closing Officer, Senior Manager

Capital One Group; New York (NY); On-site; USD 179,000 - 204,000; Full time

Job summary

Capital One is seeking an Agency Closing Officer, Senior Manager in New York to oversee multifamily loan closings with emphasis on Agency (Fannie Mae/Freddie Mac) guidelines. The role requires coordinating Originations, Underwriting, Closing, Servicing and Asset Management to meet strict deadlines and ensure high-quality service.

The ideal candidate will have substantial Agency Commercial Mortgage closing experience, a Bachelor’s degree or military background, and a proven ability to communicate

Qualifications

• At least 4 years Agency Commercial Mortgage loan closing experience.
• Strong communication and collaboration with cross-functional teams.
• Ability to analyze complex closing information and guidelines.

Responsibilities

• Maintain close communication with customers, originators, third party vendors and underwriters to ensure proper and timely settlement.
• Guide deal team through transaction specific matters for timely and accurate completion.
• Analyze complex information to perform real estate tax and insurance escrow analyses for closing.
• Review title requirements, disclosures, and closing documents for accuracy and compliance.
• Verify underwriting and funding conditions are signed off prior to settlement.

Skills

Agency closing

Communication

Analytical thinking

Education

Bachelor's degree or Military experience

Job description

Agency Closing Officer, Senior Manager

The Senior Agency Closing Officer will have a keen understanding of Agency requirements as it relates to closing loans, and a good understanding of crossover relationships between Originations, Underwriting, Closing, Servicing and Asset Management. Responsible for operating with autonomy and limited supervision in performing activities related to overseeing and managing the operational aspects of Fannie Mae and Freddie Mac multifamily mortgage loan closings. Able to analyze issues and process information for sound decision making. Must be able to handle the pressure of a busy mortgage finance company and independently meet strict corporate and GSE regulatory deadlines while maintaining a high quality of service. Must have superior customer service skills, be detail oriented, self‑motivated and a strong team player.

Responsibilities

• Maintain close communication with customers, originators, third party vendors and underwriters to ensure proper and timely settlement.


• Guide deal team (Analyst and Coordinator) through transaction specific matters for timely and accurate completion.


• Advanced communication skills to express thoughts on complex matters to ensure an accurate understanding is received resulting in positive collaboration.


• Send clearly stated written requests or clear and concise verbal communications with customers, attorneys and other third parties to obtain additional information as needed.


• Independently comprehend and assess new information received regarding investor and underwriting guidelines, and able to offer input as to handling of such information, company policies, processing procedures, etc.


• Independently troubleshoot inconsistent information to ensure accurate information is utilized.


• Ability to independently analyze complex information in order to perform real estate tax and insurance escrow analysis for closing.


• Review title requirements for state specific mortgage attachments and /or state mortgage tax requirements.


• Collaborate closely with Underwriting and Legal to work through transaction specific issues and be able to independently think through and offer solutions when problems arise.


• Work with insurance analyst to ensure borrower obtains required insurance coverage (casualty,liability, flood, wind, etc.)


• Meticulous with work product review to spot incorrect information in work products.


• Gather and prepare information for completion of closing documents including 3rd party fees, payoffs and subordinations.


• Verify underwriting and funding conditions are signed off prior to settlement.


• Confirm loan information in all Enterprise and GSE delivery systems/portals are accurate.


• Review and work with closing counsel in the preparation and delivery of closing documents.


• Review final settlement statement and Disbursement Ledger for accuracy and compliance, including the verification of seller and lender credits, funds on deposit, and payoff of debt (if applicable).


• Follow up with a closing/escrow agent to verify settlement of loan, disbursement of funds and advise of any problems or concerns.


• Meet established productivity levels and turnaround times as set by the Manager and be able to effectively communicate reasoning when expectations need to be revised.


• Sharp understanding of Agency requirements and Closing process to ensure a high level of Quality Control.

Basic Qualifications

• At least 4 years Agency Commercial Mortgage loan closing experience

Preferred Qualifications

• Bachelor’s degree or Military experience


• At least 5+ years of Agency Commercial Mortgage loan closing experience


• At least 5+ years of Affordable Multifamily Products closing experience

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Salary and Incentives

• Jericho, NY: $178,800 - $204,100 for Agency Loan Admin Supervisor II


• McLean, VA: $163,900 - $187,100 for Agency Loan Admin Supervisor II


• New York, NY: $178,800 - $204,100 for Agency Loan Admin Supervisor II

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 [e-mail]. 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 [e-mail]

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).

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit.