KeyBank Transactions Underwriter - Private Label in Overland Park, Kansas
Transactions Underwriter - Private LabelinOverland Park, KSatKey Bank- Corporate
Date Posted: 8/13/2019
Employee Type: Full-Time
Location: 11501 Outlook Street Overland Park, KS
Job Type: Banking
Experience: Not Specified
Date Posted: 8/13/2019
Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.
ABOUT THE JOB
Underwrite borrower requests for lender consent on actions pertaining to loans secured by commercial real estate. Underwriting will include quantitative and qualitative analysis of legal documents, property financial statements, rent rolls and real estate collateral in addition to borrower organizational structure and management experience. Transactions recommended for approval must conform to the terms of existing loan documents and loan servicing agreements. Transaction types include but are not limited to assumptions, transfers of interest, partial releases, easements, alterations to collateral, and property management changes. Implement servicing standards in underwriting requests, and in working with internal and external clients.
ESSENTIAL JOB FUNCTIONS
The Underwriter will communicate with borrowers, attorneys, third parties and real estate investors to gather and analyze information required to underwrite approximately 50 transactions annually.
The Underwriter will negotiate transactional terms that identify and mitigate the risk to the noteholder for each transaction and are in the best interest of the lender.
Transactions underwritten will be moderately complex.
A written credit memo summarizing the request and recommendation is prepared by the Underwriter and presented to the Company s internal authorized signors as well as other loan servicers and rating agencies with approval authority.
Work with legal counsel and support staff to document and close each transaction.
BS in Business/Finance
1-2 years commercial mortgage loan servicing and/or underwriting experience
Excellent verbal and written communication skills
Strong analytical skills
Microsoft Word and Excel
- Experience in real estate which may include underwriting, closing, loan surveillance/ credit analysis, loan servicing, or special servicing.
FLSA STATUS: Exempt
KeyCorp 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.