Location:

127 Public Square - Cleveland, Ohio 44114

About Key

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $87 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of 1,576 ATMs; telephone banking centers 800-KEY2YOU® (800-539-2968); and a website, Key.com®, that provides account access and financial products 24 hours a day.

About the Job

The Underwriting Analyst position involves assisting the Underwriting team in processing permanent loan requests pursuant to guidelines of Fannie Mae and Freddie Mac and within the credit risk parameters of KeyBank. Underwriting Analysts will help prepare full underwriting packages for submission to Credit Committee, complete administrative post-rate lock and post-closing tasks and assist in gathering the files for delivery to Fannie Mae/Freddie Mac.

What you’ll gain from this opportunity

A competitive base salary + discretionary bonusGenerous benefits – 401(k) matching (dollar-for-dollar up to 7%), PTO, fitness and tuition reimbursement and so much more.Paid on the job training and access to a library of on-demand professional development and training coursesAct as the liaison between the client and Mortgage Banker with respect to all permanent loan analysis.Collaborative environment with internal stakeholders in shepherding client throughout the loan process.Access to Key’s leadership team in providing frequent, timely and accurate market feedback.KeyBank is a 2019 top five lender overall, and the 7th largest commercial real estate/multifamily mortgage originator.

Essential Job Functions

An Underwriting Analyst will be expected to assist the Underwriting team by completing administrative and analytic tasks as assigned by the Underwriter.    These tasks will include reviewing third party reports, completing portions of the underwriting spreads and credit memo, as well as coordinating with our offshore resources.  Ideally, the Underwriting Analyst can complete these tasks with minimal supervision and a sense of urgency.  In addition, the Underwriting Analyst will interact with the Borrower and third-party vendors in collecting due diligence and relaying questions/comments from underwriting.  An Underwriting Analyst may conduct Property inspections independently following training by an Underwriter, if necessary.   An Underwriting Analyst must demonstrate the ability to clearly articulate deal specifics, as well as time management skills that allows them to prioritize assignments and meet all timing milestones from application to delivery to Fannie/Freddie.  

Required Qualifications 

Candidate should have 1-3 years’ experience in real estate and commercial lending as well as strong organizational and time management skills.  Ability to handle and prioritize multiple tasks is critical.  Must be able to communicate effectively both orally and in writing.  Must be proficient in Word and Excel. Must be able to work independently with minimal direct supervision.  Must have college degree or equivalent experience. Must be able to work in the local Key office at least 4 days per week.

Training

Initial on-the-job orientation and manager supervision will be provided for basic duties with ongoing training provided by 1-2 predetermined Underwriters and Senior Underwriters.  More formal direct training may be offered from time to time.  The person in this position is expected to be able to work independently in the position with training and supervision as needed based on transaction complexity.

Careers at Key 

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.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com. KeyCorp is an Equal Opportunity Employer M/F/D/V

Job Posting Expiration Date: 12/21/2024

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.

 

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.