Home Loans Senior Credit Manager

$115,200 - $198,000/Yr

Sofi - Frisco, TX

Full-time - Senior

Remote - Frisco, TX

Credit Intermediation and Related Activities

About the position

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.

Responsibilities

• 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

Requirements

• 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
• Knowledge 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-haves

• 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

Benefits

• Base pay range: $115,200.00 - $198,000.00
• Eligible for a bonus
• Long term incentives
• Comprehensive and competitive benefits