Jubilee Finance LLC is expanding its regional footprint across Tennessee, Mississippi, and Arkansas to deliver subprime home improvement financing, and Jubilee is looking for two foundational leaders to build our credit and operations infrastructure. Armed with a newly secured $2 million warehouse line, Jubilee targets credit-denied homeowners needing vital property renovations. Jubilee's strategy is to originate, hold, and season these subprime portfolios for 10 months before executing strategic asset sales on the secondary market. To support this launch, Jubilee is hiring two strategic, hands-on professionals who thrive in an entrepreneurial, highly regulated environment. Importantly, Jubilee is not involved in mortgages; only consumer loans secured by an assignment of the contractor's mechanic's lien. To help Jubilee Finance LLC maximize its newly secured $2 million warehouse line, there are two comprehensive, highly targeted job descriptions optimized for the unique subprime consumer lending model. Because Jubilee's strategy hinges on non-mortgage consumer loans secured by mechanic's lien assignments and a 10-month seasoning lifecycle, these positions prioritize triaging regional legal frameworks and institutional secondary market readiness. 1.

VP of Risk & Credit Underwriting Role Overview:

Owns the multi-state credit policy, underwriting criteria, and portfolio compliance metrics. This leader ensures that all originations remain strictly within warehouse covenants while maximizing yield on credit-denied homeowners.

Key Responsibilities:

Member of the credit committee ensuring strict compliance with established underwriting guidelines and regulatory matters.

Lien Security Management:

Establishes validation protocols for the perfectibility and assignment of general contractors' mechanic's liens across TN, MS, and AR.

Secondary Market Positioning:

Monitors early-payment defaults and delinquency trends to protect asset quality ahead of the 10-month sale target.

Warehouse Compliance:

Strictly enforces eligibility criteria and concentration limits required by your facility providers.

Working Regulatory & Compliance Knowledge of:

SAFE Act licensing requirements for underwriters who perform activities that cross into loan origination. Truth in Lending Act (TILA), ECOA, FCRA, UDAAP, and state lending laws. Ability to help establish compliant underwriting policies and ensure adherence. 2.

VP of Operations & Secondary Market Execution Role Overview:

Builds the infrastructure spanning contractor onboarding, loan servicing, and institutional asset sales. These executive guarantees operational liquidity by transforming seasoned consumer loans into pristine, institutional-grade whole loan pools.

Key Responsibilities:

Secondary Market Distribution:

Leads data-room curation, loan tape scrubbing, and transaction management for regular 10-month asset sales.

Facility Treasury Management:

Manages daily borrowing base calculations, reporting timelines, and cash draws against the $2 million facility.

Operational Workflows:

deploys and manages scalable Loan Origination (LOS) and Servicing (LSS) platforms optimized for mechanic's lien tracking.

Contractor Interface:

Standardizes regional onboarding, title search checks, and mandatory completion sign-offs. Must have the ability to manage: Document collection Verification calls Contractor invoice tracking Payment scheduling Servicing inquiries Must be proficient with

LOS, CRM

systems, and general office software

Pay:

$80,000.00 - $125,000.00 per year

Work Location:

In person