Underwriter I in Canton, OH at Key Bank- Corporate

Date Posted: 2/7/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    202 Second Street NE
    Canton, OH
  • Job Type:
    Banking
  • Experience:
    Not Specified
  • Date Posted:
    2/7/2018
  • Job ID:
    25782BR

Job Description

This Underwriter I position is on the Real Estate Team for home equity loans and lines.

Decision loan applications for Key Bank Consumer Loan Center within assigned lending authority.
POSITION TITLE:Job Title: Underwriter I - CLC

JOB BRIEF (PURPOSE):This is an entry level position to become an underwriter to decision Consumer Loan applications in the KeyBank Consumer Loan Center.

ESSENTIAL JOB FUNCTIONS:
  • Review the credit bureau and credit worthiness of the application while adhering to the stated turnaround time
  • Obtain values (NADA, Purchase Orders) and review collateral position on collateralized requests
  • Analyze financial data including personal tax returns; pay stub,W-2’s, pension/award letters, business tax returns, K-1’s, personal financial statement and home owner’s insurance
  • Ensure that rates and products are within Key’s policy
  • Review ALS and HOGAN information as required
  • Review additional documentation including trust agreements, POA’s, divorce decrees, etc. when needed
  • Review appraisals/title work as required
  • Ensure that every loan reviewed is KeyDoc ready
  • Queue management to ensure 1st in 1st out process is adhered
  • Accurate and concise messages to Key Centers & Telesales/Sales Support
  • Phone & email communication is delivered in a professional and productive method
  • Thorough review of all information provided from applicant for loan processing
  • Compliance with all regulatory requirements, including accurate GMI reporting and Dodd Frank procedures
  • Review application for Policy Exceptions/Overrides when warranted
  • Assigned report review
  • Testing and Compliance review as assigned
  • Attend monthly loan review meetings
  • Ensure all Clean Desk procedures are followed
  • Compliance Testing completed as required/assigned
  • Participation in Underwriter Training

    REQUIRED QUALIFICATIONS:Candidate must:
  • Have a college degree or equivalent work experience
  • Demonstrate excellent verbal and written communication skills
  • Demonstrate teamwork and leadership skills
  • Possess the ability to work in a fast paced environment in a highly regulated and ever changing consumer bank segment
  • Demonstrate ability and confidence to make a decision based on their review of specific data
  • Have keen attention to detail and time management skills to effectively process work flow
  • A basic understanding of personal financial documents like W-2, tax returns, and accounting statements
  • Be proficient in Excel, Word and use of a personal computer
  • Two to Three years prior financial services environment and knowledge of credit scoring and consumer lending regulations are preferred.


ABOUT KEY:
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

ABOUT THE BUSINESS:
Key Technology and Operations (KTO) provides efficient, reliable and secure technology, operational, and servicing functions to support business partners and clients across Key. It creates an effective variable cost technology delivery model that maximizes the return on IT spend and orchestrates the efficient use of corporate information and technology assets while supporting innovation that creates competitive distinction.

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.

JobID: 25782BR