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 or related field
1-2 years commercial mortgage loan servicing and/or underwriting experience
Excellent verbal and written communication skills
Strong analytical skills
Microsoft Word and Excel
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.
Keybank National Association