The Home Equity Underwriter role involves full-file underwriting of home equity and mortgage loans, ensuring compliance with guidelines, analyzing borrower creditworthiness and income stability, and collaborating with loan processors to drive loans to closing.
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The role:
SoFi is hiring experienced Home Equity Mortgage Underwriters to support a growing lending portfolio. This is a true full-file underwriting role with end-to-end ownership of credit, income, and collateral decisions. Underwriters partner closely with processors to move loans efficiently from review through clear-to-close, while maintaining strong quality, compliance, and risk discipline.
This role is best suited for underwriters who are comfortable making defensible credit decisions, working in semi-manual environments, and owning the entire file — not just one segment of the process.
What you’ll do:
- Underwrite and decision home equity and mortgage loan files in accordance with SoFi, investor, and GSE guidelines.
- Perform full credit risk analysis, including borrower creditworthiness, income stability, and collateral evaluation.
- Review and analyze loan documentation including credit reports, income documentation, tax returns, appraisals, and title reports.
- Utilize DU and LP to support underwriting decisions and document rationale.
- Independently evaluate and clear underwriting conditions to maintain pipeline momentum.
- Analyze self-employed borrower income (Schedule C, K-1s, partnerships, and corporate returns).
- Identify potential risk or fraud indicators and escalate appropriately.
- Collaborate primarily with loan processors to resolve documentation gaps and drive loans to closing.
- Maintain high quality, accuracy, and compliance while meeting established production expectations.
What you’ll need:
- Minimum 2 years of recent conventional loan underwriting experience with decision-making authority.
- Hands-on experience with DU and LP.
- Demonstrated full-file underwriting experience, including appraisal and title review.
- Strong background analyzing self-employment income and complex borrower scenarios.
- Solid understanding of credit policy, underwriting guidelines, and collateral evaluation.
- Ability to render clear, well-documented, and defensible credit decisions.
- Strong communication and collaboration skills, particularly in partnership with processors.
- Comfort working in a compliance-driven, production-oriented environment.
Nice to have:
- Prior home equity underwriting experience.
- Manual or semi-manual underwriting background.
- Experience transitioning from task-based roles into true full-file ownership.
- Active CHUMS, SAR, or VA credit authority.
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 an inclusive culture. 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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