About this role
Location:
11501 Outlook Street, Overland Park KansasABOUT THE JOB (JOB BRIEF)
- 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.
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 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.
- Marginal Functions: Assist the Transactions Managers with hiring, training, mentoring, process improvement and with special projects as needed.
REQUIRED QUALIFICATIONS
- 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 QUALIFICATIONS
- Experience in real estate which may include underwriting, closing, credit analysis, loan servicing, or special servicing.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $80,000.00 - $150,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 02/28/2026 KeyCorp is an Equal Opportunity Employer committed to 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, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.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 [email protected].
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Other facts
About KeyBank
At KeyBank we’ve made a promise to our clients that they will always have a champion in us. To deliver on our promise, we’re committed to building a team of engaged employees who do the right thing for our clients and shareholders, and help them achieve financial wellness each and every day.
Headquartered in Cleveland, Ohio, KeyCorp is one of the nation’s largest financial services companies. Key Companies provide investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
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KeyCorp is an Equal Opportunity Employer committed to 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 is Member FDIC. Equal Housing Lender. Credit applications are subject to credit approval.
What you'll do
- The Underwriter will analyze legal documents, financial statements, and collateral for commercial real estate loan requests to recommend approval for actions like assumptions, transfers, and modifications, ensuring compliance with loan agreements. This involves communicating with various parties to gather data, negotiating terms to mitigate risk for the noteholder, and preparing written credit memos for internal and external approval authorities.
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