Underwriter Agency - Affordable

Job Title

Perform due diligence and underwriting activities for Fannie Mae, Freddie Mac and Private Placement Affordable mortgage loans.

This is not a remote or virtual position, and the candidate will be required to work in a KeyBank office. Preferred location is Overland Park, KS or Dallas, TX. Position does generally require in office 4 days per week.

Essential Job Functions

• Provide exceptional customer service to all clients. Pursue and develop internal and external relationships to facilitate well underwritten and risk-adverse real estate transactions that support the line of business strategy.
• Mentor, inspire and motivate teammates. Set a good example. Act professionally. Be a role model. Encourage mutual support and respect.
• Be able to thrive in a dynamic and fast-paced work environment.
• Actively contribute your unique talents, ideas and market intelligence in support of KeyBank's mission and complement the strengths of your teammates to achieve the KeyBank's goals.
• Ability to effectively communicate verbally or in written form. Be a good listener. Promote frequent, informal and direct communication with teammates, clients, GSE's and others.
• Be self-confident, self-motivated and require minimal direct supervision. Drive transactions to successful conclusions that meet client expectations.
• Demonstrate proficiency and full engagement with all Agency and Private Placement affordable and market rate multifamily programs. Provide programmatic and underwriting expertise when necessary.
• Process, analyze and underwrite Affordable loans in a timely manner. Consistently follow established policy and procedures for underwriting real estate transactions to ensure an efficient, professional and risk-adverse process and product.
• Show a basic understanding of LIHTC and bond financing programs.
• Exhibit knowledge of applicable lending program requirements, identifying and mitigating risks to ensure compliance.
• Review and assess all third-party reports for programmatic compliance, data accuracy and support, providing timely and meaningful feedback to vendors.
• Complete property inspections, lease audits and market reconnaissance for assigned transactions. This includes site inspections with Freddie Mac representatives.
• Review and understand borrower structures, identifying critical participants.
• Lead deal team that process, analyze and underwrite Affordable loans. Utilize all available resources to meet team demands and client expectations.
• Review and analyze documents related to Affordable transactions such as LURA's, subordinate debt documents, PILOTS and others and provide written descriptions in narratives.
• Analyze construction budgets for adequacy of funding for forward transactions.
• Maintain and manage internal underwriting and deal management platforms to ensure critical data points are current.
• Collaborate with origination, underwriting, closing and loan servicing staff to ensure the department complies with Agency guidelines.
• Work efficiently with management by professionally completing all duties as assigned and immediately elevate issues as needed.
• Complete all compliance requirements related to each transaction to minimize risk.

Marginal or Peripheral Functions

Required Qualifications

Preferred Qualifications

Competencies / Skills

Equipment Used / Physical Requirements

Training Required

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.

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.