Senior Credit Underwriter

Company: World Business Lenders, LLC

About World Business Lenders
* At World Business Lenders (WBL), we provide flexible, short-term commercial loans backed by real estate to help small and medium-sized businesses across the United States — particularly those facing difficulties with traditional financing. We're a fast-moving, results-driven organization that takes security seriously as we continue to grow
* This is a Full-Time Independent Contractor role with working hours from 9:00 AM - 6:00 PM Eastern Standard Time, Monday through Friday. We request that all CVs be submitted in English
About the Role
* The Senior Credit Underwriter is responsible for leading complex credit underwriting activities while serving as a trusted advisor to the Chief Lending Officer. This role provides expertise in Non-QM mortgage lending, evaluates complex borrower scenarios, structures credit solutions, and supports sound lending decisions that balance risk and business objectives.
* In addition to underwriting, the role oversees underwriting teams, mentors junior underwriters, drives process improvements, and collaborates cross-functionally to improve credit quality, operational efficiency, and funded loan volume.
What You'll Be Doing (Key Responsibilities)
* Act as the Chief Lending Officer's 'right hand' trusted advisor
* Perform early credit assessments ("shift-left") before processing is complete
* Rework denied loans into approvable structures where possible
* Recommend counteroffers that reduce risk while preserving profitability
* Identify compensating factors to strengthen borderline files
* Consult with Sales on structuring loans before submission
* Participate in daily pipeline review meetings
* Assist in developing underwriting guidelines and SOPs
* Analyze trends in denials and fallout to recommend policy or process changes
* Support automation efforts by documenting underwriting decision logic
* Serve as the subject matter expert for complex borrower scenarios
Requirements
Education:
* Bachelor's, Associate's, or equivalent degree
Experience:
* 10+ years of progressive underwriting experience in non-QM mortgage lending.
Must-Have Requirements
Please ensure you meet all of the following before applying:
* 10+ years of progressive underwriting experience in Non-QM residential mortgage lending
* Proven expertise in credit analysis, risk assessment, and loan structuring, with the ability to evaluate complex borrower scenarios and develop viable lending solutions
* Strong knowledge of Non-QM loan products, including DSCR, Bank Statement, Asset Depletion, Foreign National, ITIN, and other alternative documentation programs
* Experience interpreting credit policies, underwriting guidelines, and applicable mortgage regulations (e.g., ATR/QM, TRID, RESPA, TILA), with the ability to make sound, consistent credit decisions..
Remote Work Requirements
* Stable, reliable internet connection
* Professional and dedicated remote working setup
Preferred Background / Industry Experience:
* Non QM residential mortgage lending / MCA lending
Key Soft Skills:
* Critical Thinking - Evaluates complex borrower scenarios, weighs risk objectively, and makes sound credit decisions based on facts rather than assumptions
* Analytical Mindset - Identifies trends, assesses layered risk, and connects multiple data points to determine overall creditworthiness
* Sound Judgment - Balances prudent risk management with business objectives, knowing when to approve, restructure, or decline a loan
* Problem Solving - Finds creative, policy-compliant solutions to structure challenging loans instead of defaulting to denial
* Attention to Detail - Thoroughly reviews financials, documentation, and loan files to identify inconsistencies, omissions, or potential risks
* Communication - Clearly explains underwriting decisions, credit rationale, and conditions to Sales, Processing, and leadership
* Collaboration - Partners effectively with Sales, Processing, Valuation, Legal, and Closing to move loans efficiently while maintaining credit quality
* Decision Making Under Pressure - Makes timely, confident decisions in a fast-paced environment without sacrificing accuracy or consistency
* Coaching & Mentorship - Develops junior underwriters by sharing expertise, reinforcing best practices, and promoting consistent credit decisions
* Integrity & Accountability - Demonstrates strong ethical standards, takes ownership of decisions, and consistently applies credit policy with fairness and discipline
Specific Technical Skills Needed:
* Credit Analysis & Risk Assessment - Expertise in evaluating borrower creditworthiness, repayment capacity, collateral, and layered risk.
* Non-QM Underwriting - Deep knowledge of Non-QM products, including DSCR, Bank Statement, Asset Depletion, Foreign National, ITIN, and other alternative documentation programs.
* Income, Asset & Cash Flow Analysis - Ability to analyze tax returns, business financials, bank statements, P&Ls, CPA letters, and asset documentation.
* Collateral & Valuation Review - Experience reviewing appraisals, BPOs, AVMs/IVDs, title reports, LTV/CLTV calculations, and collateral risk.
* Loan Structuring - Ability to restructure marginal loans, evaluate compensating factors, and develop counteroffers that meet credit policy while maximizing approvals.
* Credit Policy & Guideline Interpretation - Strong understanding of internal credit policies, investor overlays, and regulatory requirements, with the ability to consistently apply judgment.
* Regulatory Compliance - Working knowledge of ATR/QM, TRID, RESPA, TILA, Fair Lending, and applicable federal and state lending regulations.
* Financial & Data Analysis - Advanced proficiency in Excel and the ability to analyze underwriting metrics, portfolio trends, and credit performance.
* Exception & Portfolio Management - Experience evaluating policy exceptions, monitoring portfolio credit quality, and supporting quality control and audit reviews.
* Loan Origination Systems (LOS) - Hands-on experience with Encompass, Byte, LendingPad, or similar LOS platforms, including underwriting workflow and condition management.
Benefits
What We Offer
💰 $75,000-$100,000 annually.
🏖️ Paid Time Off (PTO).
🌍 Fully remote — work from wherever you do your best work!
Ready to Apply?
If this sounds like you, we'd love to hear from you - submit your CV in English and hit Apply!

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