Consumer Loan Underwriter at Mercor

Consumer Loan Underwriter | $60–100/hr | Remote | 30+ hrs/week

Mercor is partnering with a leading fintech platform to support underwriting automation and quality assurance initiatives. We're seeking experienced financial services professionals with expertise in credit analysis, income verification, and consumer lending to validate and enhance AI-generated underwriting outputs. This is a high-priority, 6-week project opportunity to apply deep domain knowledge to structured evaluations that directly impact lending decisions.

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 and verifying document authenticity
• Support secondary workflows including compensating factor reviews, adverse action notices, credit exceptions, and counter-offer structuring

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 (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

Project Details

• Remote and asynchronous—work on your own schedule
• Minimum commitment: 30 hours per week
• Project duration: approximately 6 weeks
• Paid weekly via Stripe Connect
• Independent contractor classification

About Mercor

Mercor is a talent marketplace connecting top experts with leading AI labs and research organizations. Backed by Benchmark, General Catalyst, Adam D'Angelo, Larry Summers, and Jack Dorsey, we've helped thousands of professionals across law, engineering, and research work on frontier projects shaping the future of AI.