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Pricing Lead, Home Lending

$163,200 - $280,500/Yr

Sofi - Frisco, TX

posted 20 days ago

Full-time - Mid Level
Remote - Frisco, TX
Credit Intermediation and Related Activities

About the position

The Home Lending Pricing Lead will be a key member of SoFi's fast-growing Home Loans team and will serve as the primary point of contact for our business unit on all matters related to pricing. This role is crucial in shaping the pricing strategy for Home Lending products, including Home Loans and Home Equity, and will involve both strategic and operational responsibilities.

Responsibilities

  • Be responsible for Pricing of Home Lending products (Home Loans and Home Equity)
  • People management responsibilities for 1-2 people
  • Contribute to overall home lending business strategy and financial forecasting
  • Collaborate with the Business Unit Leader in Home Lending to manage pricing margins, provide insights into the competitive landscape and ensure pricing is in line with targets and profitability expectations
  • Identify opportunities for automation and platform improvements and lead efforts to realize them
  • Support day-to-day operations including daily rate sheets, lock, extension and exception processing
  • Coordinate with Capital Markets to ensure best execution and enhance secondary market capabilities
  • Develop reporting to assist in pipeline management and competitive analytics
  • Develop and maintain lock desk policies and procedures and training materials
  • Represent Pricing in front of internal stakeholders (lock desk, credit risk, capital markets, marketing, finance) and external vendors

Requirements

  • 7+ years of mortgage pricing/ Secondary market experience
  • Familiarity with Pricing Engines and Loan Operating Systems (Optimal Blue)
  • Solid knowledge and understanding of mortgage loans, programs, and pricing processes and procedures
  • Excellent analytical and communication skills
  • Ability to work on multiple concurrent efforts in various capacities
  • Ability to work independently and collaboratively

Nice-to-haves

  • Experience leading a pricing/ secondary/ lock desk at a National Mortgage Company or Federally Chartered Bank
  • Coding knowledge like SQL, VBA/Macro
  • Bachelor's degree in Finance, Economics, Math, or other quantitative discipline

Benefits

  • Base pay range: $163,200.00 - $280,500.00
  • Eligible for a bonus
  • Long term incentives
  • Comprehensive and competitive benefits
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