Young Song, the former Chief Credit Officer of Uniti Bank and past Senior Vice President at Hanmi Bank, has joined Lendistry as the new Credit Administrator. Song will manage Lendistry’s processing and underwriting team, further bolstering the online lender’s commitment to responsible credit culture.

Song joins a leadership team steeped in industry experience in both national and community banking, making Lendistry a unique player in the fintech lending space, which often sees companies more reliant on technology than credit culture, the company said. Lendistry has originated over $100 million to small business owners since 2015 and has a loss rate of less than 2 percent, a track record the company’s CEO attributes to its underwriting.

“Technology is great in helping to expedite approvals and deliver funds quickly, but we have a more traditional credit culture than other online lenders because ultimately it’s better for the consumer and our investors,” said Everett K. Sands, Lendistry’s CEO. “Young’s expertise in credit risk will help further develop and manage our bank-like processes as we grow.”

Song started his career at Pacific Union Bank Corp. before joining Hanmi Bank in 2001. At Hanmi, he designed and implemented a new credit review system before becoming Senior Vice President and Deputy Chief Credit Officer, where he managed five departments including Credit Administration and Loan Operations. Most recently, Song was Executive Vice President and Chief Credit Officer at Uniti Bank, where he managed and monitored the bank’s overall credit risk and restructured its Credit Administration Department.

Song holds an MBA from The Paul Merage School of Business at University of California, Irvine and a BA in Business/Managerial Economics from University of California, San Diego.