Department Intro

Credit Authority Acceleration Program

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Executive Summary

The Credit Authority Acceleration Program (CAAP)is a strategic initiative designed to align the Credit function with Mulligan Funding’s shift toward automation and higher-value deal underwriting. As automation reduces the need for manual underwriting on deals under $250K, the role of the Credit Analyst must evolve to focus on more complex, judgment-driven decisions. CAAP establishes a structured framework to recruit, develop, and advance talent capable of underwriting higher-risk, higher-value transactions within an accelerated time frame.

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Program Overview

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Workforce Planning

Authority Progression

Onboarding

Development

Recruitment

Expected Outcomes

• Credit Analysts will achieve $750K conditional approval authority by the end of their first year of employment
• Underperforming Credit Analysts will be managed out if they are unable to meet the performance expectations made visible to them from their first day of employment
• Underwriting decisions across the department will demonstrate greater consistency and improved quality
• There will be a reduction in manual underwriting of lower-value deals, aligning with the company’s automation strategy
• The organization will see increased bench strength across teams, with a higher concentration of analysts operating at elevated approval authority levels

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ONBOARDING

Structured 12-month ramp with defined milestones that must be met

Authority Progression

Standardized, accelerated, and controlled approval authority

RECRUITMENT

Targeted hiring aligned to high-performer success profiles

DEVELOPMENT

Ongoing coaching, continuous feedback, and consistent performance tracking to support skill progression and readiness for increased approval authority

Workforce Planning

Visibility of incumbent bench strength and readiness