Breaking: Onramp Funds Appoints Dr. John Coaster as Head of Credit and Analytics

By Larry John Brown

Published: February 8, 2024 | 5:52 AM GMT

Onramp Funds, the trailblazer in providing financial backing to burgeoning e-commerce enterprises, has welcomed Dr. John Coaster as its new Head of Credit and Analytics. The appointment is a significant move in the company’s pursuit to balance the financial requisites of clients with prudent business decisions.

Dr. Coaster’s Role at Onramp

Dr. Coaster, a distinguished alumnus of Central Michigan University with a Ph.D. in Industrial and Organizational Psychology, brings over two decades of experience in data science and analytics to the table. In his role, he will spearhead the company’s functions in Credit Risk Modeling, Underwriting/Decisioning, Loan Servicing, Collections, and Business Analytics. His key responsibilities encompass managing the Credit Policy to align with Onramp’s risk tolerance, supervising the underwriting and decisioning team, and ensuring that credit decisions and loans adhere to the company’s standards and are appropriately priced for risk.

Onramp’s Machine Learning Algorithm

In addition to these responsibilities, Dr. Coaster will also maintain and refine Onramp’s machine-learning algorithm used for risk assessment. The algorithm, a cornerstone of Onramp’s risk assessment strategy, will be continually adapted to align with fluctuating market conditions. He will be leading a specialized team that includes dexterous underwriters and a senior data scientist, all working in tandem on risk modeling and business analytics.

Onramp’s Confidence in Dr. Coaster

Eric S. Youngstrom, the CEO of Onramp, expressed his confidence in Dr. Coaster’s capabilities to manage the loan portfolio’s risk and return. His appointment is a testament to Onramp’s commitment to support e-commerce businesses with financial solutions that balance client needs with sound business decisions. Prior to joining Onramp, Dr. Coaster has held leadership positions at Homepoint Financial Corporation and Fannie Mae, where he made significant contributions in data science, financial modeling, and operations reporting and analytics.

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About Larry John Brown

Larry John is a talented writer and journalist based in New York, USA. He is a valued contributor to TDPel Media, where he creates engaging and informative content for readers. Larry has a keen interest in current events, business, and technology, and he enjoys exploring these topics in-depth to provide readers with a comprehensive understanding of the issues. His writing style is characterized by its clarity, precision, and attention to detail, which make his articles a pleasure to read. Larry’s passion for storytelling has earned him a reputation as a skilled writer and a respected authority in his field.