2014 Women of Influence: Terri Merlino


TERRI MERLINO joined New Penn Financial in September 2013 as chief credit officer and has been transforming the company’s credit function, formalizing the basic functionality in the group and leading it from the start-up phase to a more mature model.

In addition to her role managing credit policy and execution, Merlino has led a project team to launch New Penn’s non-QM product, and partnered with risk management to create a product development and execution team to clearly articulate the company’s credit quality standards and credit appetite.

“We are one of the first loan originators to offer non-QM products, largely due to the expertise, professionalism, and drive of Terri Merlino,” said a New Penn Financial spokesperson.

Merlino spent 21 years at PHH Mortgage prior to joining New Penn, serving as senior vice president, credit and operational risk. While at PHH, Merlino received the PHH Woman of Excellence Award for her role in the redesign of the Loan Processing Center and the creation of the PHH Women’s Leadership Council.

Before joining PHH Mortgage, Merlino was a member of KPMG’s audit practice for nine years.

Merlino’s expertise is sought after by the industry as a whole, as she has served on several Fannie Mae committees, including the GSE’s Risk Management Forum.

In addition to her professional endeavors, Merlino is actively involved in volunteering her time and talents to charitable organizations. She currently serves as president of the American Cancer Society South Jersey Region Board of Advisors and serves as vice president of the Eastern Division Board of Directors of the American Cancer Society.