[Hiring] Residential & Consumer Underwriter @Climate First Bank

Role Description

The Residential & Consumer Underwriter is responsible for analyzing, underwriting, and making credit recommendations on consumer and residential mortgage loan requests in accordance with bank policy, regulatory requirements, and risk management standards. This position evaluates borrowers' creditworthiness, repayment capacity, collateral adequacy, and overall risk profile while ensuring compliance with lending guidelines and applicable regulations.

What You’ll Contribute in This Role

• Consumer Lending:
  • 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.
• Residential Mortgage Underwriting:
  • 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.
• Credit Risk Management:
  • 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.
• Compliance & Documentation:
  • 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.
• Collaboration:
  • Partner with:
    • Loan Officers
    • Mortgage Originators
    • Credit Administration
    • Loan Operations
    • Appraisers
    • Closing Agents
  • Participate in loan committee discussions as needed.

Champion Our Mission, Protect What Matters

• 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.

Qualifications

• Bachelor’s degree required, preferably in Finance, Accounting, Business, Economics, or related field.
• 3-7 years of consumer and/or residential mortgage underwriting experience.
• Experience with conventional and portfolio mortgage underwriting.
• Community banking experience preferred.

Requirements

• Entrepreneurial Self-Starter Mentality.
• Organization & Efficiency.
• Master Communicator.
• Banking & Fintech Acumen.
• Tech-Forward and Analytical Thinking.
• Commitment to Being a Team Player.

Benefits

• Compensation:
  • In addition to the base salary, this position may be eligible for an annual bonus, incentives, and equity.
• Health Coverage:
  • 100% employer-paid for employees; employer contribution for dependents.
  • Medical, Dental & Vision Insurance.
  • Health Savings Account (HSA).
  • Free Telemedicine access via Teladoc.
• Financial Wellness & Wealth Building:
  • 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.
• Generous Paid Time Off:
  • 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.
• Protection & Peace of Mind:
  • 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.

What to expect from your physical environment

• Remote role.
• Sustained standing and sitting.
• Frequent communication (speaking and listening) in person, via email, text, phone or video chat.
• Frequent use of PC, including typing or sustained attention to monitor.
• Occasional lifting of basic office files or equipment up to 20 lbs.

Equal Opportunity Statement

At Climate First Bank we truly believe that our people are our strength and the diverse talents they bring to our workforce are directly linked to our success. Diversity and inclusion are at the core of our values and mission. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law.