KeyBank Underwriting Analyst - FHA in Boston, Massachusetts
Underwriting Analyst - FHAinBoston, MAatKey Bank- Corporate
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About the JobPerform due diligence for proposed multifamily and healthcare FHA-insured loans. Includes analyzing proposed loans and working with underwriters and senior underwriters to prepare loan applications to FHA.Essential Job FunctionsActively contribute your unique talents, ideas and market intelligence in support of the team's strategy and complement the strengths of your teammates to achieve the team's financial goal.Pursue and develop internal and external relationships to facilitate effective real estate transactions and support the line of business strategy.Consistently follow established process and procedures for underwriting real estate transactions to ensure an efficient, diligent and methodical process.Work with underwriters, senior underwriters and originators to analyze deals and determine whether they appear financially feasible prior to formal client engagement.Collect and organize exhibits for pre-application and firm application packages to submit for HUD/FHA review.Complete HUD forms for pre-application and application submissions.Be the driver of transactions you analyze and process to ensure they are completed in a timely manner.Consistently identify and assess transaction risks and appropriately document in accordance with credit approval and elevate any issues which appear to be deviating from such to assist in properly managing portfolio risks.Maintain a productive relationship with all partners characterized by collaborative approach and full and timely disclosure of transaction risks ensuring open communication among all team members.Complete all compliance requirements related to each transaction to minimize risk.Marginal or Peripheral FunctionsInspect properties for proposed loans.Assist underwriters and senior underwriters with reviewing third-party reports, i.e. market studies, appraisals, Phase I environmental site assessments, etc., to ensure accuracy and reasonablenessRequired QualificationsMust demonstrate sound understanding of the fundamentals of analyzing commercial real estate transactions.Bachelor's degreeSome knowledge of HUD/FHA multifamily and healthcare programsMust be proficient with Word and Excel.Preferred QualificationsDegree in real estate and/or financial analysis.Some experience in commercial real estate analysis.
ABOUT KEY:KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.ABOUT THE BUSINESS:Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.FLSA STATUS:ExemptKeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.JobID: 28980BR