We are seeking a diligent and detail-oriented Underwriter to join our team. This role is critical in ensuring the completeness and quality of loan packages before they are submitted to our partner bank underwriters for final approval. The Underwriter will primarily focus on reviewing the automated decisioning output and meticulously compiling all necessary documentation.
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.
Credit reports (Personal FICO and SBSS)
Bank transactions (from aggregators and statement OCR)
Business verification (Alloy, LexisNexis, and ITA OFAC)
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.
Five (5) years of experience in underwriting, loan processing, or a related financial field.
Strong analytical skills with proficiency in reviewing and interpreting credit reports and financial statements.
Experience calculating key lending metrics (e.g., DSCR, liquidity coverage ratios)
Strong knowledge of current SBA SOP, eligibility requirements, and overall industry credit standards
Excellent attention to detail and organizational skills.
Experience with SBA loan packaging and requirements.
Knowledge of small business credit metrics and risk assessment.
Proficiency with various document management and financial software.
Pay Range:
Benefits
Be part of a high-performing, collaborative team, and have fun at work each day
Competitive pay
A full suite of traditional benefits
Untracked PTO (Paid Time-off)
401(k) with company match
Company-contributed HSA
Onsite gym and standing desks
Wellness program
Discounted cellular plans
Infertility Coverage (Starting in 2026)
Get to know Lendio:
Lendio is the nation’s leading small business financial solutions provider, with a mission to help small businesses survive and thrive. With its diverse network of lenders, Lendio enables small business owners to apply for multiple business financing options with a single application. In addition to creating access to small business capital, Lendio offers time-saving financial SaaS products that are designed to streamline business operations.
Lendio is a mission-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund, in partnership with KIVA–provides a microloan to low-income entrepreneurs around the world, continuously re-investing the fund.
Lendio is an equal opportunity employer committed to diversity and inclusion. We welcome anyone who wants to help small businesses survive and thrive and aligns with our core values, regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, or other applicable legally protected characteristics. If you have a disability or special need that requires accommodation, please let us know.
Lendio participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.