Underwriter
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The role:
We are looking to hire an experienced Underwriter to join our home loans operations team! This individual will be responsible for reviewing mortgage loan applications and supporting documentation to assess borrower's eligibility to ensure compliance with SoFi and mortgage guidelines. Additionally, this individual will be responsible for communicating decisions and stipulations to internal processors and loan officers.
What you'll do:
- Evaluate mortgage loan applications to ensure completeness, accuracy, and adherence to lending guidelines and regulations
- Assess the creditworthiness of borrowers by analyzing their credit history, income, debt-to-income ratio, employment stability, and other financial factors
- Review property appraisals and collateral to determine its value and ensure it meets the SoFi standards for approval
- Apply knowledge of underwriting guidelines, including government-backed loan programs (such as FHA, VA, USDA), to make sound lending decisions
- Verify and analyze financial documents, such as tax returns, pay stubs, bank statements, and other relevant paperwork provided by borrowers
- Communicate with loan officers, processors, and other stakeholders to gather necessary information, clarify discrepancies, and explain underwriting decisions
- Make informed decisions about approving, denying, or suspending mortgage loan applications based on risk assessment and adherence to lending criteria
What you'll need:
- Minimum 2 years underwriting experience
- Strong analytical skills and attention to detail
- Knowledge of mortgage lending regulations, underwriting guidelines, and loan programs
- Excellent communication and interpersonal skills
- Ability to work independently and prioritize tasks in a fast-paced environment
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.