Consumer Loan Underwriter

1. Role Overview

Mercor is collaborating with a leading fintech platform to support a series of underwriting automation and quality assurance tasks. We're seeking experienced financial services professionals with strong backgrounds in credit analysis, income verification, and consumer lending to assist in validating and improving AI-generated underwriting outputs. This is a high-priority, short-term opportunity to apply deep domain knowledge to structured evaluations that directly impact lending decisions.

2. Key Responsibilities

• Calculate qualifying monthly income using pay stubs, W-2s, tax returns, and self-employment documents

• Conduct credit report risk assessments by identifying derogatory marks, utilization ratios, and tradeline history

• Perform debt-to-income (DTI) ratio calculations based on verified income and liabilities

• Provide loan decision recommendations with written rationales and policy citations

• Review and clear conditional approval stipulations by matching submitted documents to underwriting requirements

• Evaluate collateral value and calculate loan-to-value (LTV) ratios using valuation tools

• Identify fraud indicators by cross-referencing applicant data across documents and verifying authenticity

• Support secondary workflows such as compensating factor reviews, adverse action notice generation, credit exception evaluations, and counter-offer structuring

3. Ideal Qualifications

• 5+ years of experience in mortgage or auto loan underwriting, credit analysis, or quality control

• Deep familiarity with income types, credit bureau data, DTI and LTV calculations, and standard underwriting policies

• Ability to interpret complex tax documents (e.g., Schedule C, K-1) and calculate self-employment income

• Strong attention to detail, pattern recognition, and risk assessment capabilities

• Experience with LOS systems and document verification tools is a plus

4. More About the Opportunity

• Expected commitment: minimum 30 hours/week

• Project duration: ~6 weeks

6. Application Process

• Submit your resume followed by domain expertise interview and short form

We consider all qualified applicants without regard to legally protected characteristics and provide reasonable accommodations upon request.

Contract and Payment Terms

• You will be engaged as an independent contractor.
• This is a fully remote role that can be completed on your own schedule.
• Projects can be extended, shortened, or concluded early depending on needs and performance.
• Your work at Mercor will not involve access to confidential or proprietary information from any employer, client, or institution.
• Payments are weekly on Stripe or Wise based on services rendered.
• Please note: We are unable to support H1-B or STEM OPT candidates at this time.

About Mercor

Mercor partners with leading AI labs and enterprises to train frontier models using human expertise. You will work on projects that focus on training and enhancing AI systems. You will be paid competitively, collaborate with leading researchers, and help shape the next generation of AI systems in your area of expertise.