Full-Time
Senior Software Engineer
Full Stack
Posted on 9/9/2025
Setpoint
51-200 employees
Platform automating asset-backed lending operations
No salary listed
Salt Lake City, UT, USA + 1 more
More locations: Austin, TX, USA
Hybrid
Two in-office days per week (Tuesdays and Thursdays).
 Software Engineering (1) |
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- 5+ years of full-stack software engineering experience with a proven track record of delivering production systems.
- Expertise in our modern tech stack: Python/Flask, TypeScript/React, Tailwind CSS, and tools for data and AI.
- Experience participating in a rotating on-call shift, with the ability to investigate, triage, and resolve immediate production issues.
- A strong ownership mindset – you take responsibility for initiatives and see them through to completion.
- Demonstrated ability to rapidly prototype and iterate based on tight feedback loops.
- Comfort operating in ambiguous, high-autonomy environments while driving clarity and progress.
- Curiosity and practical experience with AI and LLM technologies, with a focus on their responsible use in production systems.
- Excellent communication skills – you ask the right questions, align stakeholders, and make complex ideas clear.
- A collaborative approach – you work effectively with teammates, welcome feedback, and contribute to team success.
- Own full-stack features end-to-end: from design to deployment, ensuring they solve customer needs and drive business value.
- Build systems that streamline the review and verification of complex documents, enabling lenders and borrowers to move faster with confidence.
- Deliver client-facing and high-impact features, including responsible use of AI/LLM technologies to automate workflows while maintaining quality and compliance.
- Collaborate closely with Product, Design, and Leadership to shape our roadmap, working directly with your Tech Lead and having access to the C-Suite.
- Invest in developer experience: build and refine dev tools that keep the team productive and velocity high.
- Partner with cross-functional teams to clarify scope, validate client expectations, and ensure impactful delivery.
Setpoint.io provides a platform for asset-backed lending in capital markets, acting as an operating system for onboarding, funding requests, and portfolio/risk management. It replaces spreadsheets with automated workflow software and integrates real-time Diligence Agent and Calculation Agent services to create a single source of truth. The platform enables onboarding, funding fulfillment, and financing requests within a day, and scales asset-backed products across the financing lifecycle. Revenue comes from subscriptions and possibly transaction fees; its goal is to improve efficiency, accuracy, compliance, and scalability in asset-backed lending by unifying operations and capital.
Company Size
51-200
Company Stage
Series B
Total Funding
$79.5M
Headquarters
Austin, Texas
Founded
2021
Simplify's Take
What believers are saying
- Tokenized assets and rising interest rates amplify demand for efficient capital markets infrastructure.
- 200+ customers across residential mortgages, private credit, and single-family rentals enable cross-sell expansion.
- AI-enhanced automation and loan syndication capabilities position Setpoint for 50%+ revenue growth.
What critics are saying
- Moody's and S&P Global launch proprietary AI diligence tools, rendering Setpoint's verification services obsolete.
- Citi and Wells Fargo build in-house Capital OS platforms, terminating strategic partnerships and pulling transaction volume.
- Post-Series B cash burn exceeds $76M funding as LLM integration fails to deliver promised 24-hour funding.
What makes Setpoint unique
- Integrated tech-capital hybrid model combines software platform with $9.2B+ collateral funding capacity.
- Rating agency approvals across 14+ asset classes via inTENT acquisition eliminate diligence bottlenecks.
- Real-time calculation and verification software reduces funding timelines from weeks to hours.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Disability Insurance
Flexible Work Hours
Stock Options
Unlimited Paid Time Off
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -3%2 year growth
↓ -1%Setpoint, the operating system for asset-backed finance, today announced that it has signed an agreement to acquire inTENT Fulfillment, a specialized loan di...
Setpoint acquires inTENT Fulfillment, expands secondary market approval capacities. Setpoint, an operating system for asset-backed finance, announced on Tuesday its plans to acquire inTENT Fulfillment, a loan diligence and transaction management firm. With inTENT, Setpoint said it will become "rating agency - approved" across a wide range of residential mortgage and real estate - backed asset classes - including non-QM, prime jumbo, debt-service-coverage ratio, residential transition, single-family rental and closed-end second loans, as well as home equity lines of credit and reverse mortgages. Setpoint said the approvals will span major ratings agencies, including Morningstar DBRS, KBRA, Moody's, Fitch Ratings and S&P Global. Setpoint, which serves more than 200 customers and supports more than 14 asset classes through its software platform for asset-backed finance, provides technology-enabled diligence and verification services designed to speed loan reviews. The company uses AI-assisted document verification, centralized collateral management, and upfront visibility into guidelines and ratings agency eligibility. "The future of diligence is built on better infrastructure," said Stu Wall, co-founder and CEO of Setpoint. "Setpoint brings infrastructure and technology to loan review, while inTENT adds decades of operating expertise and trusted agency relationships. Together, we're raising the bar for how diligence is delivered." As part of the deal, inTENT Fulfillment's leadership team, including Paul Marchese and Trey Beal, will join Setpoint. Marchese has nearly five decades of experience in mortgage banking and capital markets. Before founding inTENT Fulfillment, he was a senior managing director at Clayton Services, where he helped to grow the firm's annual revenue from about $8 million to more than $200 million while leading diligence programs for major U.S. and global financial institutions. Beal has 25-plus years of experience in the residential mortgage secondary market, including about 20 years at Clayton in roles overseeing diligence, quality control and transaction management teams. He later served as chief operating officer at Recovco Mortgage Management before co-founding inTENT Fulfillment. "Setpoint is a clear leader in applying advanced technology to operations and risk management in asset-backed finance," Marchese said. "Combining this modern infrastructure with inTENT's experience is the next step in fulfilling the original objectives set by our founding investors: to build the next generation of loan review and transaction management capabilities." The acquisition is still subject to regulatory approval and other conditions.
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