FHA Underwriter (MAP)

Overview

Arbor Realty Trust (NYSE: ABR) is a leading commercial real estate lender and real estate investment trust, consistently ranking among the top multifamily and agency loan producers nationwide. The company maintains a diversified platform that includes agency, bridge, structured, and private-label lending, handling billions of dollars in transactions that shape housing and commercial real estate markets across the United States. As a publicly traded company with an entrepreneurial culture, Arbor combines the stability of a strong balance sheet and national reputation with the agility of a fast paced finance environment. Our teams operate at the forefront of multifamily and commercial real estate finance, delivering hands on deal exposure, opportunities for career growth, and direct impact on the markets we serve.

Location: Cleveland, OH

Why Join Arbor

• Be part of a leading commercial real estate finance company with a national reputation and strong growth trajectory
• Gain hands on exposure to high impact deals across multifamily, structured, bridge, and agency lending
• Build your career with clear opportunities for advancement, professional development, and mentorship
• Collaborate with experienced teams in a fast paced, entrepreneurial environment backed by the stability of a publicly traded REIT

Your Role

As an FHA MAP Underwriter, you will play a central role in evaluating and structuring FHA insured multifamily and healthcare transactions within Arbor’s Agency Lending platform. Working closely with the Chief Underwriter and senior leadership, you will lead underwriting efforts from initial analysis through credit committee approval, ensuring each transaction meets HUD FHA MAP guidelines while supporting Arbor’s disciplined credit standards. This role offers meaningful exposure to complex transactions, collaboration across underwriting, closing, and servicing teams, and the opportunity to deepen expertise within one of the most active FHA lending platforms in the industry.

What You’ll Do

• Underwrite multifamily and healthcare loans in accordance with FHA MAP guidelines and Arbor’s internal credit standards
• Prepare detailed underwriting analyses, financial models, and credit memoranda used to evaluate each transaction
• Review and interpret third party reports including appraisal, market studies, environmental reports, and engineering assessments
• Assemble and present loan packages and underwriting recommendations to senior management and credit committee
• Partner with originations, closing, and servicing teams to move transactions efficiently from underwriting through closing
• Work directly with FHA personnel, borrowers, consultants, and industry partners to resolve issues and ensure compliance with program requirements
• Lead analysts supporting the underwriting process, helping organize deal pipelines and prioritize deliverables
• Identify and resolve issues related to the interpretation and application of FHA policies and underwriting guidelines

What You Bring

• Bachelor’s degree in Finance, Real Estate, Economics, or a related field
• 3–5+ years of experience underwriting FHA multifamily loans, including familiarity with HUD MAP programs
• Strong understanding of FHA multifamily underwriting guidelines, including both new construction and acquisition/refinance transactions
• Experience reviewing third party due diligence reports and HUD required loan documentation
• Advanced Excel skills with the ability to build and analyze complex underwriting models
• Strong analytical, organizational, and communication skills with the ability to manage multiple transactions simultaneously
• Experience underwriting senior housing or healthcare transactions is a plus

Compensation & Benefits

Base Salary Range: $115,000 – $125,000, plus discretionary performance based bonus

• Benefits: Comprehensive health coverage, 401(k) with match, paid time off, and more
• Career Growth: Opportunity to advance into senior underwriting or production leadership roles

Inclusion at Arbor

We are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers, and business partners. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy, or any other legally protected status. We are committed to providing reasonable accommodation to individuals with disabilities.