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Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role:

As a Home Loans Senior Credit Manager, you will play a key role in overseeing SoFi’s Home Loans Portfolio and enhancing its Home Loans Originations. Your primary responsibility will be to grow the Home Loans business by innovating how we manage credit risk, while ensuring our risk targets and regulatory requirements are met.

What you’ll do:

Lead projects for Home loans including redesigning credit guidelines for loan originations and Portfolio Monitoring
Identify opportunities to streamline processes including the automation of Underwriting such as income, assets, credit, etc.
Conduct Gap Analysis to Investor Guidelines
Serve as a subject matter expert and point of contact for various Home Lending products including Home Equity, Conforming, Jumbo, FHA and VA
Review defective loans to determine the root cause
Review credit exceptions and be able to determine if it is an acceptable risk based on compensating factors and the overall risk profile.
Ensure credit policies are up-to-date and adhere to regulatory and internal requirements
Track and analyze transaction volume and product

What you’ll need:

Minimum Education: Bachelor’s Degree or equivalent experience
Minimum of 8 years’ experience across Home Equity & Mortgage, Underwriting or Credit Risk
Must have experience and an understanding of how to evaluate an applicant’s credit history, income, and assets to determine eligibility and the level of risk associated with approving a loan
Strong analytical and critical thinking skills
Knowledge of mortgage lending regulations, underwriting guidelines, and loan programs
Knowled ge of best in class Home equity underwriting (data, technology, guidelines)
Financial analysis skills including interpreting credit reports, calculating income from complex personal and business tax returns
Excellent communication skills to interact with key stakeholders
Ability to work independently and prioritize tasks in a fast-paced environment

Nice to have:

Experience at a Fintech where streamlined approaches are used to review income, credit, collateral, etc.
Experience in unsecured products that have a streamlined approach to Underwriting

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [email protected].

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.

Home Loans Senior Credit Manager

SoFi

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

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