Loan Underwriter - Healdsburg
SoFi is a leader in marketplace lending and the largest provider of student loan refinancing, with over $950M in loans issued to more than 11,600 members. We're transforming financial services for ambitious early-stage professionals with student loan refinancing, MBA loans, mortgages, and personal loans. Unlike traditional lenders, our proprietary underwriting approach takes into account merit and employment history to offer unique credit products our members won't find elsewhere. We offer individual and institutional investors the ability to create positive social impact on the communities they care about while earning compelling rates of return.
Description & Responsibilities:
SoFi originates thousands of student loans each year. SoFi’s Loan Underwriter will underwrite SoFi's loans and assist with the credit exception process. The Loan Underwriter will be responsible for the following:
•Review and audit loan applications to ensure that they meet SoFi’s underwriting guidelines. This includes analyzing credit reports, calculating free cash flow, analyzing non-standard income sources and verifying documents provided by applicants
•Prepare and present applications that may be eligible for a credit exception to SoFi’s credit committee
•Ensure origination data is properly entered into SoFi’s systems
•Identify common underwriting issues and work with the originations team to improve the originations process to address those issues
•Develop processes and procedures that will help reduce errors and inconsistencies
Qualification / Requirements:
•At least 2 years professional experience in a loan/credit underwriting role or 4 years experience as a Lead Processor
•Extensive working knowledge of all aspects of the consumer credit report
•Knowledge of common credit underwriting standards and pitfalls
•Extreme attention to detail
•Mortgage underwriting experience is preferred, but not required. Other consumer credit underwriting experience is welcomed.
•College degree desired. High school diploma or GED required.
We offer competitive salary, bonus and benefit programs including medical, dental, vision and 401(k), stock options, an unlimited time-off policy and a subsidized lunch program to all employees.
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