[Remote] Residential & Consumer Underwriter

Note: The job is a remote job and is open to candidates in USA. Climate First Bank is hiring a Residential & Consumer Underwriter to analyze, underwrite, and make credit recommendations on consumer and residential mortgage loan requests. The role evaluates borrower creditworthiness, repayment capacity, collateral, and risk while ensuring compliance with bank policies and regulations.

Responsibilities

• Underwrite consumer loan requests, including but not limited to:
• Personal loans
• Auto loans
• HELOCs and PLOCs
• Cash-secured loans
• Other consumer credit products
• Review credit reports, income verification, debt obligations, and repayment capacity
• Calculate debt-to-income (DTI) and other underwriting metrics
• Structure loans and identify policy exceptions with supporting rationale
• Underwrite:
• Portfolio mortgage loans
• Construction-to-permanent loans
• Analyze tax returns, W-2s, bank statements, and asset documentation
• Review appraisals, title reports, insurance, and collateral documentation
• Calculate LTV, DTI, residual income, and other qualifying ratios
• Apply portfolio underwriting and manually underwrite large and/or complex residential loans involving multiple collateral properties and borrowers with complex, sophisticated, and/or unique financials
• Assess borrower willingness and ability to repay
• Evaluate collateral adequacy and marketability
• Identify fraud indicators, credit weaknesses, and emerging risks
• Recommend approval, denial, or approval with conditions
• Ensure compliance with:
• TILA
• RESPA
• HMDA
• Fair Lending
• ATR/QM requirements
• Internal credit policy
• Maintain complete loan files and documentation
• Communicate approval conditions and documentation deficiencies
• Partner with:
• Loan Officers
• Mortgage Originators
• Credit Administration
• Loan Operations
• Appraisers
• Closing Agents
• Participate in loan committee discussions as needed
• Embody a commitment to environmental, social, economic, and racial justice
• Apply curiosity and interest in our core values and pursue education related to sustainability practices
• Be willing to pursue and demonstrate an understanding of established Bank policies, procedures, and regulations
• Recognize the importance of protecting the organization and our customers
• Question suspicious activity and stay in close collaboration with our Compliance department to ensure proper investigation and processing of potentially fraudulent activity
• Stay informed on legal context and regulatory requirements and prioritize completing all web-based compliance and IT training

Skills

• Bachelor's degree required
• 3-7 years of consumer and/or residential mortgage underwriting experience
• Experience with conventional and portfolio mortgage underwriting
• You are an analytical thinker, possess the ability to complete assignments with little oversight and balance self-sufficiency with the understanding when to ask questions
• You exhibit exceptional attention to detail while also maintaining the ability to see the big picture
• You communicate with confidence, precision, and professionalism
• You listen deeply and respond thoughtfully and are able to engage efficiently and tactfully with stakeholders at all levels of the organization
• Additionally, you are able to tactfully and eloquently defend your recommendations and build strong internal and external relationships that help you excel in your role
• You are highly educated in financial products and services, applicable regulations and laws related to credit and underwriting
• You possess an excellent ability to read, understand and spread financial documents and reports
• You learn new tools quickly, are excited by innovation and leverage technology to optimize your work product
• You have strong mathematical skills, possess strong proven Microsoft Excel skills, and are familiar or are willing to become familiar with Power BI
• You know what it takes to operate as a part of a larger team and cherish opportunities to contribute to the big picture
• You're dependable, communicate clearly and always happy to lend a hand where needed
• Preferably in Finance, Accounting, Business, Economics, or related field
• Community banking experience preferred

Benefits

• May be eligible for an annual bonus, incentives and equity.
• 100% employer-paid health coverage for employees; employer contribution for dependents.
• Medical, Dental & Vision Insurance
• Health Savings Account (HSA)
• Free Telemedicine access via Teladoc
• 401(k) with 6% Employer Match — No Vesting Period.
• Employee Stock Options
• Exclusive Employee Banking Perks
• 0% Financing for Employee Solar Loans
• Employee Only Mortgage Product with exclusive interest rates and terms.
• 0% Financing for Eligible Electric Vehicles (EVs)
• Referral Incentives
• 2–4 Weeks of Vacation based on officer level plus additional tenure-based time.
• 64 Hours of Paid Sick Time for all full-time employees.
• Company-Paid Life Insurance
• Short- & Long-Term Disability Insurance
• Voluntary Life, Accident & Critical Illness Coverage
• Employee Assistance Program (EAP) with free counseling, legal, and financial services.
• Remote role.

Company Overview

• Climate First Bank is a values-based community bank that provides a full range of traditional banking products. It was founded in 2020, and is headquartered in St. Petersburg, Florida, USA, with a workforce of 51-200 employees. Its website is https://climatefirstbank.com.