Transactions Underwriter

KeyBank; Overland Park (KS); Hybrid; USD 80,000 - 150,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

KeyBank is seeking an Underwriter in Overland Park, KS, to underwrite commercial real estate loan requests, analyze legal documents, financial statements, rent rolls, and collateral, and ensure compliance with loan agreements. The role handles about 50 transactions annually, interfacing with borrowers, attorneys, and investors.

The position offers a base salary with incentive potential and a hybrid in-office/remote work arrangement.

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.

Responsibilities

• 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.
• Marginal functions include, assist the Transactions Managers with hiring, training, mentoring, process improvement and with special projects as needed.

Skills

Verbal and Written Communication

Analytical Skills

Education

BS in Business/Finance

Tools

Microsoft Word

Microsoft Excel

Job description

Location: 11501 Outlook Street, Overland Park Kansas

ABOUT 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 include, 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.

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: 10/09/2026 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 [e-mail].

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