Senior Agency Closing Officer
Locations: McLean, Virginia; Charlotte, North Carolina
Requisition ID: R243351
Role Summary
The Senior Agency Closing Officer will oversee and manage the operational aspects of Fannie Mae and Freddie Mac multifamily mortgage loan closings with a keen understanding of Agency requirements. This role operates with autonomy and limited supervision, analyzing issues and processing information for sound decision making while maintaining strict corporate and GSE regulatory deadlines.
What You'll Do
- 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
- 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 offer input as to handling of such information
- Independently troubleshoot inconsistent information to ensure accurate information is utilized
- Independently analyze complex information 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 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.)
- 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 verification of seller and lender credits, funds on deposit, and payoff of debt
- Follow up with 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 effectively communicate reasoning when expectations need to be revised
- Maintain sharp understanding of Agency requirements and Closing process to ensure a high level of Quality Control
- Exercise meticulous work product review to spot incorrect information in work products
- Demonstrate advanced communication skills to express thoughts on complex matters ensuring accurate understanding and positive collaboration
Required Qualifications
- Bachelor's degree or Military experience
- At least 4 years of Agency Commercial Mortgage loan closing experience
Preferred Qualifications
- 5+ years of Agency Commercial Mortgage loan closing experience
- 5+ years of Affordable Multifamily Products closing experience
Compensation
Charlotte, NC: $149,000–$170,000
McLean, VA: $163,900–$187,100
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI).
Benefits
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
How to Apply
This role is expected to accept applications for a minimum of 5 business days. No agencies please. For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com. If you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com.
Additional Information
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
Equal Opportunity Statement
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 will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries.