SR. MORTGAGE BANKER-REC

KeyBank; Chicago (IL); On-site; USD 175,000 - 225,000; Full time

Job summary

An established industry player is seeking a Senior Mortgage Banker to drive the origination of multifamily and commercial real estate loans. This role involves collaborating with Relationship Managers to enhance banking relationships, actively managing a portfolio of loans, and utilizing a consultative sales approach to meet client needs. The ideal candidate will have over a decade of experience in real estate finance, a strong track record of loan production, and exceptional negotiation skills. Join a company that values innovative thinking and offers a competitive compensation package, including base salary and performance incentives.

Qualifications

• 10+ years in multifamily and commercial real estate lending.
• Proven track record of $200 million annual loan production.

Responsibilities

• Originate multifamily and commercial real estate loans.
• Strengthen banking relationships and develop new accounts.

Skills

Sales and Marketing Skills

Financial Analysis

Negotiation Skills

Consultative Sales Process

Relationship Management

Education

Business Related Degree

Advanced Degree

Tools

Spreadsheet Software

Word Processing Software

Job description

Location: 227 West Monroe Street - Chicago, Illinois 60606

ABOUT THE BUSINESS:

KeyBank Real Estate Capital is one of the nation's leading providers of commercial and multifamily real estate finance. KeyBank focuses on building long-term relationships with new ideas and innovative thinking. Our broad financing options, integrated platform and deep industry experience give our clients what they need to meet their short- and long-term goals.

ABOUT THE JOB:

The primary role of the Senior Mortgage Banker is to originate long-term, multifamily, and commercial real estate loans on behalf of KeyBank’s investors including Fannie Mae, Freddie Mac, FHA, Affordable Housing, CMBS and Life Companies. Senior Mortgage Bankers are responsible for client coverage relative to specific KeyBank offices and clients as well as specific geographic territories regarding correspondents and brokers. In this role, the Senior Mortgage Banker interacts with Relationship Managers (RM’s) within Key’s franchise to bring the full range of Key’s real estate loan products to Key’s clients. The Senior Mortgage Banker will cover direct clients of the Senior Mortgage Banker as well as correspondent and mortgage bankers’ inquiries in the region to provide the same loan products to the general market beyond KeyBank’s existing clients.

ESSENTIAL JOB FUNCTIONS:

• Partner with RMs to strengthen existing banking relationships and develop new accounts with owners of multifamily real estate that need the debt products available through Key’s permanent lending platform.
• Actively participate in the creation and management of client-prospect relationships including exit strategies and client interaction.
• Actively co-manage the existing portfolio of maturing loans and position Key to provide the permanent financing.
• Actively mine our servicing portfolios (Fannie Mae, Freddie Mac, FHA and CMBS) to provide refinancing alternatives with our existing customers.
• Ensure that our clients and prospects understand all KBREC’s multifamily product capabilities and then utilize these capabilities to meet our client’s specific business needs.
• Utilize a consultative sales process where multifamily financing solutions are tailored to the needs of the client.
• Actively represent KeyBank in the marketplace including industry functions, trade groups and direct meetings with the brokerage community.
• Actively participate in helping KeyBank meet the goals of both its on-balance sheet and off-balance sheet efforts.
• Interact with KeyBank’s investor clients in a clear, constructive, and professional manner that protects and deepens the relationship between KeyBank and the investor.

REQUIRED QUALIFICATIONS:

Business Related Degree, advanced degree preferred.
Minimum ten years of experience in multifamily and commercial real estate permanent lending with a proven track record of loan production.
Strong working knowledge and experience with all or nearly all the following products:

Fannie Mae DUS Multifamily Affordable Housing
Freddie Mac Targeted Affordable Housing
HUD Multifamily Finance

Evidence of a minimum of $200 million of annual production from any of the loan products shown above at any time during the prior 3-year time.
Computer literate with proficiency in spreadsheet and word processing software.
Demonstrated ability to collaborate with teammates.
Strong sales and marketing skills with specific experience in negotiation of the loan products listed above.
Strong financial analysis skills with the ability to review and evaluate borrower financial statements to include portfolio analysis and projections based upon borrower financial strength and both current as well as projected market conditions.
Strong negotiation skills.

Ability to manage and prioritize multiple tasks in a timely manner.

The Sr. Mortgage Banker will be assigned to work at a KeyBank location and be expected to be in the office when not traveling for bank business.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $175,000 to $225,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Job Posting Expiration Date: 05/31/2025

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 [e-mail].