VP of Credit Risk

Job Description

From a credit risk perspective, this role is focused on policy-level decision making rather than individual loan underwriting. The VP of Credit Risk is responsible for setting and continuously refining the framework that the client originates loans within.

This includes evaluating whether current underwriting guidelines will consistently produce high-quality loans, while ensuring they are not overly restrictive and limiting business growth. The goal is to strike the right balance between risk management and origination opportunity, creating guidelines that support a scalable, repeatable, and viable loan product.

This person must have a strong pulse on the broader market, including industry trends, regulatory changes, and shifts within the servicing portfolio. They will regularly assess performance data to determine if adjustments are needed—making this a living, evolving set of policies that adapts to market conditions and risk exposure.

At its core, credit risk in this role is grounded in the concept of ability to repay, ensuring that all guidelines ultimately support responsible lending while protecting the business from unnecessary risk.

Core Responsibilities

• Own and manage credit risk policy, underwriting guidelines, and loan eligibility parameters
• Balance risk vs. business opportunity (ensuring scalable, profitable lending practices)
• Monitor and adjust policies based on:
  • Market trends
  • Portfolio performance
  • Regulatory changes
• Partner with investors and agencies to:
  • Negotiate guidelines
  • Manage loan-level exceptions/waivers
• Analyze key metrics:
  • Delinquency rates
  • Default rates & severity
  • Loan quality trends
• Lead credit policy strategy and product risk evaluation
• Stress-test policies against potential credit events
• Collaborate with internal stakeholders, regulators, and investors

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances.

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Skills and Requirements

• 10+ years in mortgage underwriting / credit risk
• 6+ years of leadership experience
• Deep expertise in:
  • Mortgage underwriting
  • Credit policy development
• Strong knowledge of:
  • Non-QM lending (critical focus)
  • GSE, HUD, VA, USDA products
• Familiarity with:
  • Consumer lending regulations (federal/state)
  • Secondary market guidelines
• Proficiency in:
  • Microsoft Office Suite
  • Collaborative and third-party tools
• Roll-up-your-sleeves mentality (critical)
• Highly analytical and solutions-oriented
• Strategic thinker who can also execute tactically
• Strong collaborator and communicator
• Ability to:
  • Identify root causes quickly
  • Propose practical, data-driven solutions
• Re-engineer processes where needed
• Bachelor’s degree
• Experience with AllRegs / ICE Mortgage Technology tools