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Lendio · 1 day ago

Credit & Underwriting Specialist

Lehi UT HQ

Full-time

Onsite

Senior Level

5+ years exp

Lendio is the nation’s leading small business financial solutions provider, with a mission to help small businesses survive and thrive. They are seeking a diligent and detail-oriented Underwriter to ensure the completeness and quality of loan packages before submission to partner bank underwriters for final approval.

FinanceFinancial ServicesFinTechLending

Responsibilities

Reviewing Initial Automated Decisioning: Analyzing the output of Lendio's automated decisioning system to validate results and identify any potential discrepancies or areas for further scrutiny

Supplementary Personal and Business Verification: Confirming borrower(s) identity, Corporate organization, Filing status, Licensing (if required)

Document Review and Quality Check: Verifying the completeness and quality of all submitted loan documents

Credit and Financial Analysis Review: Reviewing source data used in the decisioning structuring processes, which includes: Evaluating specific use of loan proceeds and understanding optimal loan structure that fits the client need, Validating the calculation of critical financial metrics, including Liquidity Coverage Ratio and Debt Service Coverage Ratio - including review/validation of the initial automated calculations, Conduct review of key financial metrics from Debt schedule, P&L, Balance Sheet, Income statement, Tax Returns - Business and Personal, Personal Financial Statements - [ensure logical connection between documents, stated income and bank statement data]

Credit summary review/ validation: Review the draft credit summary (prepared using an LLM) and then enhance/interpret to ensure that it adequately describes the business, its risks and adequacy for final review by the lender

Package Preparation: Preparing a comprehensive and accurate loan package for submission to the partner bank underwriter for their formal review

Qualification

Underwriting experienceCredit report analysisFinancial statement interpretationSBA loan knowledgeLending metrics calculationDocument management softwareAttention to detailOrganizational skills