ESSENTIAL JOB FUNCTIONS
- Perform due diligence for proposed multifamily FHA-insured loans. Includes analyzing proposed loans, reviewing third-party reports and leading the underwriting team to prepare loan applications to FHA.
- Complete and review required HUD-form documents for application submissions.
- Actively 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
- Be the driver of transactions you underwrite 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.
- Be responsive and provide exceptional customer service.
MARGINAL OR PERIPHERAL FUNCTIONS
- Support originators and deal managers in the initial analysis of deals to facilitate new business.
- Conduct training for underwriters to ensure consistent underwriting process and procedures.
- Review internal models and processes to develop and facilitate ideas for improvement.
REQUIRED QUALIFICATIONS
- Must demonstrate sound understanding of the fundamentals of analyzing commercial real estate transactions.
- Bachelor’s degree
- Minimum of four years of experience in multifamily real estate analysis as a MAP-approved Underwriter.
- Must be proficient with Word and Excel.
PREFERRED QUALIFICATIONS
- Degree in real estate and/or financial analysis.
- Experience in commercial real estate analysis.
- Thorough knowledge of Affordable and HUD/FHA multifamily programs
COMPETENCIES/SKILLS
- Demonstrates good organizational and time management skills.
- Demonstrates initiative and good leadership qualities.
- Works well in a team-oriented environmental.
- Handles conflict without a confrontational attitude.
EQUIPMENT USED/PHYSICAL REQUIREMENTS
- PC-based software such as Word, Excel, Adobe Acrobat and Lotus Notes.
- Financial calculator and Excel-based financial analysis models.
TRAINING REQUIRED
- Must complete KeyBank compliance training within the required timelines.
- Must become familiar with KeyBank’s processes and procedures for underwriting/processing.
This job can be performed in any of the following Key Offices:
Salt Lake City, UT
Dallas, TX
Washington DC
Cleveland, OH
Boston, MA
Atlanta, GA
Overland Park, KS
Chicago, IL
Job Posting Expiration Date: 06/07/2024
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
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