Multifamily Agency Originations Analyst I

Capital One; Newport Beach (CA); On-site; USD 50,000 - 125,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

A nationwide financial institution in Newport Beach is seeking a Multifamily Agency Originations Analyst I. This role involves supporting the multifamily originator team, contributing to a significant annual origination volume. Responsibilities include interacting with clients, executing loan transactions, and assisting in the underwriting process. Candidates should hold a bachelor’s degree and have experience in commercial real estate, specifically with Fannie Mae and Freddie Mac loans. The compensation ranges from $50,000 to $125,000 based on experience.

Qualifications

• 2+ years of experience in Commercial Real Estate.
• Experience underwriting Fannie Mae and Freddie Mac loans preferred.

Responsibilities

• Provide feedback to clients and internal stakeholders.
• Execute brokered transactions to various capital sources.
• Generate loan screening memos for Credit approval.
• Draft loan applications and collect due diligence info.
• Work closely with Underwriting and Origination teams.

Skills

Agency loan programs knowledge

Client feedback proficiency

Market analysis

Borrower interaction

Education

Bachelor’s degree or military experience

Job description

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 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.

Newport Beach, CA: $50,000 - $125,000 for Originations Analyst I.

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.

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