Transactions Underwriter

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

Job summary

KeyCorp in Overland Park, Kansas, is seeking an Underwriter to evaluate borrower requests for commercial real estate loans. You will analyze property financial statements, rent rolls, and legal documents, along with borrower structure and management experience, to identify risk and ensure compliance with loan documents and servicing agreements.

Responsibilities include preparing credit memos for internal signors and coordinating with legal counsel, support staff, and external clients to document

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 proficiency.

Responsibilities

• Underwrite borrower requests for lender consent on CRE loans.
• Analyze legal documents, financial statements, rent rolls and collateral.
• Prepare credit memos for internal signers and rate agencies.
• Coordinate with borrowers, attorneys and internal/external clients.
• Support process improvements and mentoring of staff as needed.

Skills

Underwriting

Financial analysis

Communication

Excel

Microsoft Word

Education

BS in Business/Finance

Tools

Microsoft Word

Microsoft Excel

Job description

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 FUNCTIONSThe 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 QUALIFICATIONSBS in Business/Finance3-4 years commercial mortgage loan servicing and/or underwriting experienceExcellent verbal and written communication skillsStrong analytical skillsMicrosoft Word and ExcelPREFERRED QUALIFICATIONSExperience in real estate which may include underwriting, closing, credit analysis, loan servicing, or special servicing.COMPENSATION AND BENEFITSThis 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: 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].#LI-Hybrid