Construction Loan Servicer

Banking/Real Estate/Mortgage Professionals Experience life at Key  Construction Loan Servicer 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? Essential Functions: -Provides expertise to RM and CLO in pre-closing process by reviewing project budget, hard and soft cost requisition, and equity component in sources and uses analysis -Assimilates information necessary to establish highly complex loan and disbursement controls on bank systems, including project budget, sources/uses of funds, various contracts -Analyzes multiple components of draw requests to identify exceptions and assess risks relative to unique conditions of project, loan, and client, involving review of soft and hard cost requisition, AIA documentation, engineer's reports, and borrower submitted records -Analyzes the appropriateness of waiver requests, negotiates accommodations for exceptions, and uses judgment to determine acceptability of draw documentation from borrower and third parties, in order to approve, reject or modify funding requests -Monitors project performance, construction status, and loan agreement provisions including title/tax update, inspection, survey, permits, inventory controls, holdbacks, lease-up, etc -Identifies and reports risks to LOB management and credit administration -Provides client service for loan disbursements, collateral releases, modifications, LIBOR rates, payoffs, and other client-requested transactions, ensuring prompt and accurate service -Participates in bank group meetings to arrange funding requirements and resolve issues on syndications in which KeyCRE is Administrative Agent -Maintains draw file and data integrity of customer loan records -Review and clearing of general ledger entries, past due interest and fees. -Maintaining data integrity of system of record including posting of transactions, on-boarding of new loans, processing modifications and amendments, and data information maintenance. Required Skills: -4-year College Degree or equivalent real estate business experience -Minimum 5 years experience administering non-owner occupied commercial real estate construction loans to professional developers and production homebuilders, and related loan transactions such as lines of credit, bonds, letters of credit, LIHTC, etc -Strong knowledge of construction loan risk management, fundamentals of underwriting, commitment/loan structures, project budgets, title/liens, AIA documentation, and industry practices for draw analysis and collateral releases -Experience with multi-bank loan syndications in capacity as Administrative Agent -Strong solution-oriented and problem solving skills -Ability to exercise good judgment in addressing exceptions and non-standard situations, achieving balance between client service and risk mitigation -Detail-oriented and understands, big picture, requirements and priorities -Aptitude for analysis, systems and mathematics -Strong verbal and client service communication skills -Ability to handle multiple ongoing activities in a high volume environment -Familiarity with commercial loan accounting systems -PC proficiency including familiarity with Microsoft Excel, Word and Access 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: PS234587.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.