Senior Underwriter

Banking/Real Estate/Mortgage Professionals Experience life at Key  Senior Underwriter Being a Key employee means being a member of a special community. We work to make a difference for our clients, our neighborhoods and each other. We help people make better financial decisions in their lives and businesses by living the Key Values of Teamwork, Respect, Accountability, Integrity and Leadership.  Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $96 billion. Key companies provide investment management, retail and commercial banking, consumer finance and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.  We deliver our products and services through KeyBank branches, a network of ATMs, telephone banking centers and key.com®, providing account access and financial products 24/7. Key is meeting the future with confidence. Won't you join us?  Outstanding opportunity available for a Senior Underwriter in Brooklyn, Ohio. We are seeking Senior-level Consumer Real Estate and non Real Estate Underwriters with 5-7 years of experience to review and analyze complex loan applications. The successful candidate will have experience analyzing credit risk to determine credit worthiness based upon guidelines and established standards with credit authority to approve or deny credit within approved lending limits. KeyBank provides it’s mortgage professionals with career opportunities & advancements within a stable and growing reputable corporation headquartered in Cleveland, OH.  The Senior Underwriter is responsible for underwriting all conventional conforming and jumbo loans in accordance with investor guidelines in a consistent and timely manner. Underwrite FHA/VA, state housing and specialty programs in accordance with requirements dictated by the Department of HUD, Veteran Affairs and appropriate state housing agencies. Responsible for analyzing and evaluating all aspects of borrower's credit, employment/income and assets profile. Make final decision on acceptance or decline of loan requests. Analyze the Real Estate appraisal report and make a decision on information supplied to ensure that marketability and value of property are supported within the reports. Ensure that the appropriate investor's guidelines are met and make a final decision on the acceptance of the report. Ensure that the Bank's credit policy and procedures are adhered to and the product guidelines are followed. Utilize automated underwriting systems as dictated by product and investor. Ensure the accuracy of all necessary criteria for specific loan types, products, rates and fee structures. Ensure that all credit and appraisal documentation meets the necessary requirements and are completed properly. Support loan originators, sales managers and processing staff in structuring difficult deals. Responsible for making counteroffers on loans that do not conform to products under which they were originated. Communicate and explain loan suspensions to the processing manager and the processor. Communicate numerous, consistent inadequacies in credit packages and appraisal reports received for underwriting review to Manager. Review and approve all contingencies of underwriting in a timely fashion. Mentor processors to advanced skill development, including the principles of underwriting. In addition, the Senior Underwriter will assist management in analyzing reports relevant to turn times, service levels, etc. Provide training support to sales force as needed. Attend appropriate seminars to stay current on market trends and developments. Assist in training of junior underwriters and processors. Evaluate exceptions and determine when corrective action is required. Perform other duties as required.Required Skills: Four-year college degree or equivalent experience. Thorough knowledge of residential mortgage lending, products and procedures. Thorough knowledge of FNMA/FHLMC, FHA, VA, state housing guidelines and procedures. Thorough knowledge of AUS, including DU, LP and CLOUT. Working knowledge of Window-based products. Excellent analytical and interpersonal skills. Direct endorsement designation required. Life at Key is exciting, challenging, and rewarding. Just as we help our customers reach their financial goals, we're committed to helping you achieve your personal and professional goals. We offer competitive compensation and comprehensive benefits that will help you fulfill a healthy work/life balance.  For more information about KeyBank and to complete an online application and submit your resume, go to www.key.com/careers   Be sure to reference position number: PS234315. KeyCorp is an equal opportunity employer M/F/D/V. We're proud to be one of DiversityInc magazine's "Top 50 Companies for Diversity" in 2008.