KeyCorp has reorganized its commercial mortgage divison in conjunction with closing its deal for Newport Mortgage LP, a multifamily mortgage bank in Dallas.

Former Newport executives in Dallas are to supervise the origination of loans for KeyCorp’s securitizations — a job that had been done in KeyCorp’s Kansas City, Mo., office, which is run by former officials of National Realty Funding. Cleveland-based KeyCorp bought National Realty this year.

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