Senior Affordable Housing Underwriter On-Site

KeyBank; Overland Park (KS); On-site; USD 96,000 - 181,000; Full time

Job summary

KeyBank seeks an experienced underwriter for affordable multifamily housing loans. You will perform risk-conscious underwriting for agency and private placement programs, including LIHTC considerations, while collaborating across CMG and with originations, closings, and servicing teams.

The role requires a Bachelor’s degree and at least five years of relevant underwriting experience, with strong communication skills and a proactive, independent work style.

Qualifications

• Bachelor’s degree required.
• Minimum of five (5) years underwriting affordable housing loans (Fannie Mae, Freddie Mac, private placement).
• Strong written and verbal communication skills.
• Solid understanding of affordable housing finance programs.

Responsibilities

• Deliver well-underwritten, risk-conscious real estate transactions.
• Build cross-functional relationships to support transaction success.
• Mentor team members and maintain professional standards.
• Lead underwriting for affordable housing transactions within CMG.
• Evaluate LIHTC and bond financing implications.
• Review third-party reports for compliance and risk.
• Conduct property inspections and market analysis.
• Collaborate with origination, closing, and servicing teams.
• Ensure data accuracy in internal underwriting systems.
• Complete all compliance tasks for each transaction.

Skills

Underwriting

Affordable housing

Real estate finance

Team leadership

Education

Bachelor's degree

Tools

Microsoft Word

Excel

Outlook

Adobe Acrobat

Job description

KeyBank seeks an experienced underwriter for affordable multifamily housing loans. You will perform risk-conscious underwriting for agency and private placement programs, including LIHTC considerations, while collaborating across CMG and with originations, closings, and servicing teams.

The role requires a Bachelor’s degree and at least five years of relevant underwriting experience, with strong communication skills and a proactive, independent work style.