Underwriter Analyst, Agency

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ABOUT KEY: Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $92.9 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 1,335 ATMs; telephone banking centers; and a website, Key.com®, that provides account access and financial products 24 hours a day. ABOUT THE BUSINESS: Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate. ABOUT THE JOBSupporting role to several underwriters. Position involves collecting, processing and reviewing information for loans pursuant to guidelines required by Fannie Mae and Freddie Mac products.ESSENTIAL JOB FUNCTIONS Collect and review all documentation received for Lender compliance. • Review Borrower structure by creating and/or reviewing organizational charts and organizational documents • Review Borrower and Key Principal/Borrower Principal's real estate schedule and analyze LTV's, DSCs, and outstanding principal balances to ensure sufficient equity, mortgage verifications to evaluate Borrower's loan history payment and credit worthiness. • Review mortgage verifications to evaluate Borrower's loan history payment and credit worthiness. • Forward zoning consultant necessary data to complete the zoning and building code analysis. Once report is received, check for completeness and accuracy. • Obtain building code violation letters. • Verify and analyze liquidity to ensure there is sufficient liquidity per Freddie Mac and Fannie Mae guidelines. • Research property taxes to verify payment and/or outstanding taxes, exemptions or appeals. • Review credit reports for public records, credit scores, judgments and late payments. • Verify utilities for service to property and future increases in rates. • Establish and continually update the Contact List for each transaction to which you are assigned. • Coordinate the internal and external kick-off calls in a timely manner using the Calendar function in Lotus Notes. • Obtain bids and engage Appraisal, Environmental, Engineering, Seismic, Zoning Reports and O&M Plans in accordance with Credit Policy. Monitor due dates and timely receipt of draft reports and follow up on delivery of final reports. • Maintain a General Ledger for each transaction. • Process all invoices and submit to Deputy Chief Underwriter for Approval. • Consistently follow established process and procedures to ensure an efficient, diligent and methodical transaction. • Assist Closers in preparing and organizing necessary final documentation for upload to E-Folder. • Update all fields on Agency Pipeline report for accuracy and to ensure the most current information is presented. • Upload Underwriting Packages to Freddie Mac's Document Management System in a timely manner and strive for 100% accuracy in both front end submission and post purchase review. • Share insights and recommendations for improvement to your manager • Monitor receipt of all required documentation, send out weekly missing documents letter, • Preparation of forms for document submission, including customizing checklists for the Borrower, Key Principals/Borrower Principals, Principals and the Property. • Complete miscellaneous forms required by both Fannie Mae and Freddie Mac. • Management of all credit files, finalization of credit files, preparation of items sent to Closers for delivery packages to be sent to Fannie Mae/Freddie Mac. • Manage deal flow between Underwriters, prioritizing daily tasks and identifying immediate needs. • Special projects upon requestMARGINAL OR PERIPHERAL FUNCTIONS • Respond to internal client requests regarding operational projects across Key National Bank.REQUIRED QUALIFICATIONS • The positions require very organized, detail oriented candidates with excellent written and verbal communication skills. Previous real estate experience is required. • Must be highly proficient with Microsoft Office applications including Excel, PowerPoint and Word.PREFERRED QUALIFICATIONSExperience working with Fannie Mae, Freddie Mac and FHA multifamily and healthcare programsCOMPETENCIES/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. • Produces measurable results demonstrating advancement of operational focus areas. • Takes ownership of operational focus areas or specific tasks within a team projectEQUIPMENT 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. • Must become familiar with Agency and Multifamily Capital Markets as a whole. FLSA STATUS: Exempt KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled