FHA Sr. Underwriter – MAP (Commercial Real Estate)

KeyCorp
Dallas, Cleveland, Columbus
Workplace: OnsiteFull timeUSD 96,000 - 181,000 annuallyFunction: Banking, Lending & CreditExperience: 5+ yearsEducation: bachelorsSkills: ["Attention to detail","Organizational skills","Time management","Communication","Sound judgment"]

Lead underwriting and execution of complex FHA-insured multifamily transactions as the primary underwriting authority and HUD liaison. Drive deals from early screening through firm commitment, perform due diligence on third-party reports, and ensure accurate, compliant HUD documentation. Build financial models to assess feasibility and risk, manage transactions through the underwriting pipeline, and collaborate with originators, credit leadership, mortgage bankers, and HUD staff. Support strategy with market intelligence and contribute to team training and development.

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FursaFursa
KeyCorp
KeyCorp
2 months ago

FHA Sr. Underwriter – MAP (Commercial Real Estate)

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Last checked: 2 hours agoStatus: Live

Job Summary

Lead underwriting and execution of complex FHA-insured multifamily transactions as the primary underwriting authority and HUD liaison. Drive deals from early screening through firm commitment, perform due diligence on third-party reports, and ensure accurate, compliant HUD documentation. Build financial models to assess feasibility and risk, manage transactions through the underwriting pipeline, and collaborate with originators, credit leadership, mortgage bankers, and HUD staff. Support strategy with market intelligence and contribute to team training and development.
Location: Dallas, Cleveland, Columbus
Workplace: Onsite
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Perform due diligence for FHA-insured multifamily loans, including analyzing transactions and reviewing third-party reports (appraisals, market studies, environmental assessments, physical condition assessments).
  • •Complete, review, and ensure accuracy of required HUD-form documents for application submissions.
  • •Build and analyze financial models to evaluate loan feasibility, cash flow projections, and risk scenarios.
  • •Drive transactions through the underwriting pipeline from application to firm commitment with timely, accurate completion.
  • •Identify and assess transaction risks, document findings per credit approval requirements, and escalate deviations while maintaining compliant submissions.
Travel: Low travel

Pay and Benefits

Salary: USD 96,000 - 181,000 annually

Key Requirements

  • •5+ years of direct experience underwriting FHA-insured multifamily loans.
  • •Current MAP-approved Underwriter status with HUD.
  • •Expertise analyzing market-rate and affordable multifamily transactions using FHA underwriting fundamentals and the MAP Guide.
  • •Experience preparing and reviewing HUD-required loan documentation, including underwriting narratives, cost certifications, and firm commitment applications.
  • •Bachelor’s degree required, plus proficiency in financial modeling and advanced Excel-based analysis for multifamily underwriting.
Experience:5+ yearsReal estate lendingCommercial real estateFHA lendingMultifamily lending
Education:Bachelor's
Skills:Attention to detailOrganizational skillsTime managementCommunicationSound judgment
Tech Stack:ExcelMicrosoft WordOutlookAdobe AcrobatFinancial modelingFinancial calculatorsHUDMAP GuidePhase I/II

Company Brief

KeyCorp
KeyCorp operates KeyBank, providing retail and commercial banking, lending, wealth management, and investment services to individuals, businesses, and institutions across the United States.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Cleveland, United States
Founded: 1849
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Glassdoor: 3.6
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