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Who we are:
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We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The Role:
We are seeking a detail-oriented HMDA Specialist to support our company’s compliance with HMDA reporting requirements and provide guidance on the importance of accurate HMDA data and home loan disposition timing. This role is instrumental in ensuring compliance with both the Home Mortgage Disclosure Act (HMDA) and Equal Credit Opportunity Act (ECOA) requirements.
Key Responsibilities
- Oversee and manage all aspects of HMDA Loan Application Register (LAR) reporting, including data collection, validation, and entry into reporting software.
- Participate in the filing of quarterly and annual HMDA LARs.
- Ensure compliance with ECOA and HMDA regulations by monitoring adverse loan decisions and validating appropriate documentation.
- Conduct reviews to confirm that accurate HMDA adverse action documentation is provided to loan applicants, including specific reasons for denial as required by regulations.
- Collaborate with internal teams to maintain compliance and educate stakeholders on HMDA requirements and deadlines.
Qualifications
- Experience: 5+ years of HMDA reporting experience (preferred).
- Technical Skills: Familiarity with Encompass software and strong research capabilities.
- Regulatory Knowledge: Thorough understanding of HMDA and ECOA requirements, including reporting timelines.
- Competencies: Strong leadership, organizational, and time management skills.
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 RightsSoFi 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.
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