KeyBank Home Lending Project Underwriter in Buffalo, New York
Home Lending Project UnderwriterinBuffalo, NYatKeyBank
Date Posted: 11/20/2020
Employee Type: Full-Time
Location: 4224 Ridge Lea Road Buffalo, NY
Date Posted: 11/20/2020
Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.
ABOUT THE JOB (JOB BRIEF)
The Home Lending Project Underwriter reports to the Home Lending Credit Risk Mortgage Manager and is responsible to review, analyze and approve condominium property approved through Key Bank Mortgage. The Home Lending Project Underwriter is responsible for collecting and reviewing condominium budgets, questionnaires, legal documentation, and necessary insurance documentation. The position may be involved in one or several types of mortgage lending (agency conventional, portfolio conventional). Excellent phone and communication skills as well as providing superior customer service to internal and external customers required. An exemplary customer service oriented attitude and the ability to work effectively in a Team Environment is essential.
ESSENTIAL JOB FUNCTIONS
Evaluate the acceptability of a condominium project. This includes but is not limited to the review of budgets, questionaires, and insurance.
Ensure compliance with appropriate company and Agency/Investor.
Review legal descriptions to ensure that the property type is consistent with how it was submitted
Assist in the collection of the documentation necessary to make a decision on the property.
Review assets to ensure adequate funds to close and required reserves. Ability to analyze bank statements for any recent large deposits and possible other debts that might impact ATR.
Required to review all appraisals outside standard guidelines to ensure the report is accurate, complete, and the collateral is acceptable.
Ability to review Condo/PUD projects to ensure they meet salable or non warrantable guidelines
Review pertinent documentation to make sure state regulatory guidelines have been met
Timely review of condominium documentation to ensure desired closing dates are met
Communicate with external parties when necessary to clarify the information contained withint he documentation
Review a minimum number of projects per month as determined by management which would include new submissions, re-submissions & final conditions
Maintain current and fluid knowledge of investor and agency guidelines and adapt to changes quickly
Communicates effectively and engages proactively with mortgage loan officers, processors, branch managers, funders and post-closers in regards to decisions, clarity of loan conditions, investor guidelines/documentation requirements and possible loan scenarios
Assists in the training of Key Bank Mortgage employees as needed
Performs other related duties as assigned
Demonstrate exceptional service philosophy in all interactions with internal peers and partners
Bachelor s Degree or equivalent work experience
Strong working knowledge of the mortgage process with a total understanding of the condo review process, processing and/or underwriting experience of at least 1 year
Working knowledge of Empower LOS is a plus
Strong analytical skills,; accuracy, consistency and completeness is critical
Ability to work in a fast paced, fluid environment and be held to meet minimum production standards while achieving a rewarding experience for our clients
High integrity and outstanding work ethic
Strong computer skills; proficient in Microsoft Word, Excel and Outlook
Must have proficient written and verbal communication skills
Proven knowledge of compliance and disclosure requirements
Proven knowledge of closing, post-closing & quality control responsibilities
FLSA STATUS: Non-Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and 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.