Senior On-Site Underwriter for Affordable Housing

KeyBank; Cleveland (OH); On-site; USD 96,000 - 181,000; Full time

Job summary

KeyBank seeks an experienced underwriting professional to lead affordable housing loan underwriting for Fannie Mae, Freddie Mac and Private Placement programs. This on-site role emphasizes risk-conscious, well-underwritten real estate transactions and collaboration with CMG teams.

The candidate should have a Bachelor's degree and at least five years’ underwriting experience in affordable housing, with strong communication and the ability to manage multiple complex deals with minimal supervision.

Qualifications

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

Responsibilities

• Deliver well-underwritten, risk-conscious real estate transactions aligned with the business strategy.
• Foster cross-team collaboration to support transaction success.
• Lead underwriting teams for affordable housing transactions.
• Review documents and ensure compliance with Agency and Private Placement requirements.
• Mentor team members and promote professional development.

Skills

Underwriting expertise

Communication skills

Team leadership

Time management

Adaptability

Education

Bachelor’s degree

Real Estate, Finance, or Economics preferred

Tools

Microsoft Excel

Microsoft Word

Outlook

Adobe Acrobat

Financial modeling tools

Job description

KeyBank seeks an experienced underwriting professional to lead affordable housing loan underwriting for Fannie Mae, Freddie Mac and Private Placement programs. This on-site role emphasizes risk-conscious, well-underwritten real estate transactions and collaboration with CMG teams.

The candidate should have a Bachelor's degree and at least five years’ underwriting experience in affordable housing, with strong communication and the ability to manage multiple complex deals with minimal supervision.