KeyBank · 1 day ago
Sr Transactions Underwriter
Overland Park, KS
Full-time
Hybrid
Mid, Senior Level
$80K/yr - $150K/yr
3+ years expKeyBank is a financial services company seeking a Sr Transactions Underwriter. The role involves underwriting borrower requests for lender consent on commercial real estate loans, conducting analyses, and negotiating transactional terms to mitigate risk.
Banking
Responsibilities
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, modifications and property management changes
Implement servicing standards in underwriting requests, and in working with internal and external clients
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 moderate to highly 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
Assist the Transactions Managers with hiring, training, mentoring, process improvement and with special projects as needed
Qualification
Required
BS in Business/Finance
3-4 years commercial mortgage loan servicing and/or underwriting experience
Excellent verbal and written communication skills
Strong analytical skills
Microsoft Word and Excel
Preferred
Experience in real estate which may include underwriting, closing, credit analysis, loan servicing, or special servicing
Company
KeyBank
At KeyBank we’ve made a promise to our clients that they will always have a champion in us.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Chris Gorman
Chairman, Chief Executive Officer, and President, KeyCorp
Holly Santoro
Executive Administrator to the Chairman & CEO
Recent News
2023-08-28
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