Transactions Underwriter

Keybank National Association Overland Park , KS 66204

Posted 1 week ago

Job Description:

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.

REQUIRED QUALIFICATIONS

  • 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

PREFERRED QUALIFICATIONS

  • 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.
38164BR


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VIEW JOBS 10/12/2019 12:00:00 AM 2020-01-10T00:00 Job Description ABOUT THE JOB The position performs the initial review of all borrower requests for lender consent received in the Transactions Department. For transactions other than assumptions and transfers of interest, the Coordinator reviews the servicing agreement and loan documents in order to determine the processing requirements. The Coordinator communicates with account managers, borrowers, primary servicers, investors and attorneys to answer procedural questions and gather information for requests received for underwriting. ESSENTIAL JOB FUNCTIONS * Monitor the Transactions Mailbox and communicate with Account Managers, Borrowers, Primary Servicers, investors and attorneys regarding Transactions other than Assumptions and Transfers. * Review loan documents and loan servicing agreements on transactions other than assumptions as needed prior to setting up each transaction in the department's tracking system and Freddie Mac's CRT system. * Review correspondence and documentation for each request to determine (1) if Lender consent is required, (2) if the Company is responsible for processing and (3) if sufficient information has been received to assign to an Underwriter. * File information received electronically for further review during underwriting. Assign each request to a Transaction Underwriter. * Engage third party vendors for underwriting as determined by Manager. * Engage Legal Counsel and run compliance as requested by the Underwriter. * Maintain accurate records in the Company's internal system to reflect the current status of the transaction. * Assist Underwriters and Closers as needed. * Assist with closing files for non-assumption transactions. * Assist with posting fees and expenses (legal & servicing) for the transactions REQUIRED QUALIFICATIONS * Associate College Degree or equivalent experience * Experience in asset management and/or loan servicing * Strong organizational skills * Strong verbal and written communication skills * Detail oriented * Task oriented * Strong Microsoft Word and Excel skills 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. 38165BR Keybank National Association Overland Park KS

Transactions Underwriter

Keybank National Association