FHA Sr. Underwriter – MAP (Commercial Real Estate)
Core
Lead underwriting and execution of complex FHA-insured multifamily transactions (223(f), 221(d)(4), 223(a)(7)) from early screening through firm commitment, serving as the primary liaison with HUD.
Role type
Senior IC commercial real estate underwriter (FHA multifamily)
Builds
FHA-insured multifamily loan applications and firm commitments for KeyBank's agency lending platform
Domain
Commercial real estate finance / Affordable housing
Required skills
FHA multifamily underwriting, HUD MAP Guide expertise, financial modeling, third-party report analysis (appraisals, environmental, physical), risk assessment, compliance documentation
Preferred skills
LIHTC structures knowledge, mentoring junior underwriters, Real Estate/Finance/Accounting degree
Technologies
Microsoft Excel, financial calculators, Adobe Acrobat
Responsibilities
Perform due diligence on multifamily FHA loans, build financial models for feasibility and risk, complete HUD-form documents, drive transactions through underwriting pipeline, identify and escalate transaction risks, maintain relationships with mortgage bankers and HUD staff, conduct training and recruitment
Seniority
Senior, hands-on IC