RTL Underwriter

SUMMARY: Groundfloor is seeking an experienced Underwriter specializing in RTL (Residential Transition Loans) to join our team. The ideal candidate will possess a strong background in underwriting and a deep understanding of the residential transition loan market.

GROUNDFLOOR is a remote-friendly, hyper-growth, wealth tech company based out of Atlanta. We value vulnerable high-quality/low-ego collaboration. If that sounds good to you, join us!

THIS JOB MIGHT BE FOR YOU IF: 

• You have excellent analytical and decision-making skills.
• You are detail-oriented with a keen eye for accuracy.
• You are highly proficient in financial analysis software and tools.
• You excel in effective communication, both written and verbal.
• You possess strong interpersonal skills with the ability to build rapport.
• You’re able to work independently and as part of a team.

A DAY IN THE LIFE: 

• Loan Assessment: Review and evaluate loan applications for residential transition loans, ensuring accuracy and completeness of documentation.
• Credit Analysis: Conduct thorough credit analysis by examining financial statements, credit reports, and other relevant financial data.
• Risk Evaluation: Assess the risk associated with loan applications and make informed decisions based on company guidelines and risk appetite.
• Compliance: Ensure all loan applications comply with regulatory requirements and company policies.
• Documentation: Prepare and maintain detailed reports and documentation for each loan application reviewed.
• Collaboration: Work closely with loan officers, brokers, and other stakeholders to gather necessary information and provide feedback on loan applications.
• Decision Making: Approve or decline loan applications based on underwriting criteria and risk assessment.
• Process Improvement: Identify opportunities for process improvements and contribute to developing more efficient underwriting procedures.
• Customer Service: Provide excellent customer service by addressing inquiries and resolving issues related to loan applications.

Requirements

YOUR EXPERIENCE + A FEW NICE TO HAVES:

• Education: Bachelor’s degree in finance, business, or a related field.
• Experience: Minimum of 3-5 years of experience in underwriting residential transition loans or similar loan products.
• Knowledge: Strong understanding of RTL loan products, credit analysis, and risk assessment.
• Certifications: Relevant certifications in underwriting or credit analysis are a plus

Benefits

We value our employees’ time and efforts. Our commitment to your success is enhanced by our competitive compensation and extensive benefits package including paid time off, medical, dental, and vision benefits, potential equity for strong candidates, and future growth opportunities within the company. Plus, we work to maintain the best possible environment for our employees, where people can learn and grow with the company. We strive to provide a collaborative, creative environment where each person feels encouraged to contribute to our processes, decisions, planning, and culture.

GROUNDFLOOR is an equal opportunity employer and all qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, national origin, disability status, protected veteran status, sexual orientation, gender identity, or any other characteristic protected by law.

About GROUNDFLOOR

Since its launch in 2013, participants in GROUNDFLOOR’s real estate loans have earned annualized returns averaging 10 to 12 percent in a 6 to 12-month timeframe. No prior real estate knowledge is needed, and the $10 minimum is intentionally a low barrier to entry to give everyone the ability to build wealth in real estate. To date, GROUNDFLOOR remains the only platform offering direct participation in individual real estate investments to all on a broad scale, regardless of income or net worth.

The company is headquartered in Atlanta and has raised more than $30 million in capital from a variety of sources, including venture capital and online public equity offerings. As of its most recent round of financing, the company has over 6,400 public shareholders and is 30 percent customer-owned.