CONSTRUCTION LOAN SERVICER, Commercial Real Estate

KeyBank Real Estate Capital (KBREC) is a line of business of Cleveland-based KeyCorp, one of the nation's largest bank-based financial services companies with assets of approximately $92 billion. As one of the largest commercial real estate finance companies in the U.S., KBREC provides construction and interim financing, permanent placements, mezzanine and project equity for virtually all property types.

KBREC is the 3rd largest commercial real estate capital provider in the U.S., and is among the top retail development and multifamily lenders in the country. It is ranked #1 in Freddie Mac Central Region originations, and is #3 in annual originations among U.S. financial service companies.

With a portfolio in excess of $20 billion in permanent loans, KBREC is the nation's 4th largest mortgage loan servicer.

Office Environment/Benefits:
Vacation, Retirement Plan, Dental, Paid Time Off, Vision, Holidays, Discounts, Tuition Reimbursement, Stock Purchase Plan, Medical, Life, 401K, Prescription

Employment Opportunity:
Due to a growing business, we have an immediate opening for a Construction Loan Servicer within our Denver Income Property Servicing team.
Job requisition #PS224012
1675 Broadway, Denver, CO, 80202

Essential Functions:
Assists Relationship Manager, Portfolio Manager and Closing Officer in pre-closing process by review of project and loan documents, attending meetings. Assimilates and analyzes information necessary to establish moderately complex loan and disbursement controls on bank systems. Establishes and maintains draw files including collateral release document preparation and monitoring, tenant rent roll verification, letter of credit issuance. Reviews moderately complex draw requests for completeness and integrity of AIA and supporting documentation. Analyzes budget and source/uses of funds to identify exceptions / changes in conformity to standard monitoring requirements. Approves draws and prepares forms and data entry needed to process disbursement. Identifies exceptions and obtains appropriate approvals as necessary. Initiates and analyzes standard and custom monitoring requirements including title / tax update, insurance, permits, inspections, survey, holdbacks, and lease-up requirements. Initiates financial and collateral transactions based on customer request or loan documents provisions. Analyzes and facilitates rate, commitment, and collateral changes, loan payments, DDA / Cash management services, and payoff instruction. Maintains the integrity of data through input verification of loan system and update of file records. Clearly communicates issues to Servicing Manager or Relationship Manager. Forms alliance with Relationship Manager/Portfolio Managers to provide superior service to client base including achievement of goals for cash management services. Provides expertise to Relationship Manager/Portfolio Managers on system requirements and project status. Proactively identifies and assists in resolving issues affecting client service and risk management. Assists with inquires, research, problem resolution, payoffs, releases, overdrafts, maintenance, data entry and other tasks as assigned.
REQUIREMENTS
Required Skills:
4-year college degree or equivalent related commercial real estate business experience. Minimum high school diploma and 2-3+ years experience servicing and/or closing commercial construction loans. Working knowledge of construction financing including commitment/loan structures, title / liens, documentation, and industry practices for draw processing and releases. Strong solution-oriented and problem solving skills. Detail-oriented. Aptitude for analysis, systems and mathematics. Strong written and verbal communications skills. Ability to handle multiple tasks in a high volume environment. Familiarity with Commercial Loan System and Deposit System. PC proficiency including familiarity with Microsoft Excel and Word.

Preferred Skills:
Commercial Real Estate Construction Loan Administration and Client Service experience. Understanding of general ledger, accounting, debit / credit reconciliation.

Process for Applying:
Applications are accepted via www.key.com/careers. Enter the ID # PS224012 in the "Job Requisition #" field and click search. In the search results, select the "Posting Title" link, "Add to Job Cart" and "Apply for Jobs in Cart". Note: You will need to register and complete a profile on our site to apply for this position.