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Home Loans Senior Credit Manager
SoFi
United States
Posted on Jan 7, 2025
Employee Applicant Privacy Notice
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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 accommodations@sofi.com.
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.