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    Underwriter (Risk)

    Risk / Lending On-Site Full-Time

    About LoanAmerica

    LoanAmerica® is a private student lending company focused on bridging funding gaps for students at vocational schools, career colleges, and community colleges. Millions of students are about to lose access to adequate federal financial aid under new legislation. We're building the solution, offering responsible private loan products that help students complete their programs and launch their careers. We're a startup with secured funding, headquartered in Las Vegas, NV. You'll be joining a small, fast-moving team where your work has immediate and visible impact.

    Role Summary

    LoanAmerica is seeking a detail-oriented Underwriter to evaluate private student loan applications and make creditworthiness determinations. You'll be the gatekeeper of our lending operation, analyzing borrower profiles, assessing risk, and ensuring every loan we approve meets our credit standards. This is a ground-floor opportunity to build underwriting processes from scratch at a funded startup.

    Responsibilities

    • Review and adjudicate private student loan applications against established credit policy guidelines
    • Analyze borrower and co-signer financials including income verification, credit history, DTI ratios, and employment stability
    • Assess school and program risk factors using internal data (accreditation status, completion rates, OBBBA impact scores)
    • Identify fraud indicators, documentation discrepancies, and escalate suspicious applications
    • Document underwriting decisions with clear, auditable rationale for each approval, denial, or conditional approval
    • Collaborate with the Verification Specialist to ensure complete and accurate application packages
    • Work with Biz Dev team to develop school-specific lending criteria and risk thresholds
    • Maintain compliance with applicable federal and state consumer lending regulations
    • Contribute to refining and improving underwriting guidelines as portfolio data grows
    • Provide input on loan pricing and risk-based adjustments

    Qualifications

    Required

    • 1–3 years of experience in consumer lending underwriting (student loans, personal loans, auto loans, or similar)
    • Strong understanding of credit analysis fundamentals: FICO scoring, DTI calculations, income verification
    • Proficiency with loan origination systems and Microsoft Excel
    • Excellent attention to detail and ability to make sound, independent judgment calls under time pressure
    • Strong written and verbal communication skills for documenting decisions and collaborating with team

    Preferred

    • Experience with private student loans or familiarity with Title IV federal student aid programs
    • Knowledge of TILA, ECOA, FCRA, and state-level lending regulations
    • Experience at Sallie Mae, Nelnet, College Ave, SoFi, Earnest, or similar student lending organizations
    • Familiarity with vocational/career school programs and accreditation bodies (ACCSC, COE, ABHES)

    What We Offer

    • No state income tax (Nevada)
    • Health, dental, and vision insurance
    • PTO and paid holidays
    • Ground-floor opportunity at a funded startup with growth trajectory
    • Direct impact on company strategy. You're not a number here

    Ready to Apply?

    Send your resume and a brief note about why you're interested to [email protected]