On-Site Senior Affordable Housing Underwriter

KeyBank; Chicago (IL); On-site; USD 96,000 - 181,000; Full time

Job summary

KeyBank is seeking an experienced underwriting professional to perform comprehensive due diligence and underwriting for affordable and market-rate multifamily loans. The role requires deep knowledge of LIHTC, bond financing, and agency programs, with on-site work from major office locations.

The selected candidate will lead underwriting efforts, manage cross-functional collaboration, and ensure compliance with agency guidelines while delivering high-quality underwriting support.

Qualifications

• Bachelor’s degree required.
• Minimum of five (5) years of experience underwriting Affordable housing loans, including Fannie Mae, Freddie Mac, and Private Placement programs.
• Excellent verbal and written communication skills.

Responsibilities

• Deliver well-underwritten, risk-conscious real estate transactions.
• Foster relationships across teams and with external partners.
• Mentor and motivate team members to maintain professionalism and integrity.
• Lead underwriting teams for affordable housing transactions and ensure data accuracy.

Skills

Affordable housing underwriting

Communication skills

leadership and mentoring

Education

Bachelor’s degree

Job description

KeyBank is seeking an experienced underwriting professional to perform comprehensive due diligence and underwriting for affordable and market-rate multifamily loans. The role requires deep knowledge of LIHTC, bond financing, and agency programs, with on-site work from major office locations.

The selected candidate will lead underwriting efforts, manage cross-functional collaboration, and ensure compliance with agency guidelines while delivering high-quality underwriting support.