Full-Time

Program Manager

Home Lending

Confirmed live in the last 24 hours

Upstart

Upstart

1,001-5,000 employees

AI lending marketplace connecting consumers and banks

Compensation Overview

$111.3k - $154k/yr

+ Bonus + Equity Compensation

Mid, Senior

Company Historically Provides H1B Sponsorship

Remote in USA

The role may require travel to vendor sites once or twice per quarter or attend in-person onsite collaboration sessions at one of Upstart’s offices in California, Texas, or Ohio (once or twice a year).

Category
Project Management
Business & Strategy
Required Skills
Risk Management
Requirements
  • Minimum 4 yrs experience in an Operations Vendor Management position at a Financial Institution
  • Expertise in “new products” and complex p&l problem solving
  • Proven track record of process improvements, problem solving and effective task prioritization
  • Proven track record of working with data and interpret the data to make data driven decisions
  • Demonstrated understanding of the complexities and nuances associated with securitized asset products.
Responsibilities
  • Accountable leader for home lending servicing vendor management.
  • Develop and lead robust quality control function for all operational aspects of Home Lending.
  • Develop and lead home lending operational training and development programs.
  • Manage compliance risks, drive any process issues/ risk to a successful resolution.
  • Identify possible areas of process improvements, propose thoughtful solutions and individually or by partnering with other stakeholders across Upstart implement proposed improvements.
Desired Qualifications
  • Experience in an Operations Vendor Management position focused on Home Lending vendor partnerships
  • Proven ability to drive significant business impact by proactively initiating and leading projects that exceed standard role responsibilities and contribute to the company’s success

Upstart connects consumers with banks and credit unions through its AI-driven lending marketplace. The platform uses advanced AI models to assess borrowers, allowing lenders to approve more individuals at lower interest rates without bias based on race, age, or gender. Borrowers benefit from a digital-first experience, with over 80% receiving instant approval for loans without needing to provide documentation. Upstart offers various financial products, including personal loans, automotive loans, home equity lines of credit, and small-dollar relief loans. The company's goal is to make borrowing more accessible and efficient for everyone.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Mateo, California

Founded

2012

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent partnerships with credit unions show growing trust in Upstart's AI lending.
  • Blue Owl Capital's $2 billion loan acquisition indicates confidence in Upstart's portfolio.
  • Convertible notes issuance provides capital for expansion and debt repayment.

What critics are saying

  • Rising interest rates may reduce demand for Upstart's loans.
  • Regulatory scrutiny on AI models could increase compliance costs.
  • Economic downturns could lead to higher default rates, affecting profitability.

What makes Upstart unique

  • Upstart uses AI to approve over 80% of borrowers instantly without documentation.
  • The platform considers non-traditional variables like education and work experience for credit decisions.
  • Upstart offers diverse financial products, including personal, auto, and home equity loans.

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Benefits

Health Insurance

401(k) Company Match

Employee Stock Purchase Plan

Life Insurance

Paid Vacation

Parental Leave

Flexible Work Hours

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Business Wire
Feb 19th, 2025
Holyoke Credit Union Selects Upstart for Personal Lending

Holyoke Credit Union selects Upstart for personal lending.

Stock Titan
Jan 8th, 2025
Sandia Area Federal Credit Union Selects Upstart for Personal Lending

Sandia Area Federal Credit Union selects Upstart for personal lending.

Stock Titan
Dec 4th, 2024
Advia Credit Union Selects Upstart for Personal Lending

Advia Credit Union, a major credit union with $3 billion in assets and nearly 200,000 members across Michigan, Wisconsin, and Illinois, has partnered with Upstart (NASDAQ: UPST) to expand its personal lending services.

Financial Pinnacle
Nov 21st, 2024
DR Bank Chooses Upstart's Small-Dollar Loan Product to Expand Access to Credit

DR Bank chooses Upstart's small-dollar loan product to expand access to credit.

Stock Titan
Nov 13th, 2024
Upstart Raises $425M in Convertible Notes

Upstart Holdings (NASDAQ: UPST) has announced the pricing of a $425 million offering of 1.00% Convertible Senior Notes due 2030 in a private sale to qualified institutional buyers. The notes, with an initial conversion rate of 10.8702 shares per $1,000 principal amount (approx. $91.99 per share), will mature on November 15, 2030. Upstart expects net proceeds of about $414.8 million, intended for general corporate purposes, including potential debt repayment. An additional $75 million option was granted to initial purchasers.