Home Equity Underwriter

SoFi; San Francisco (TX); Hybrid; USD 95,000 - 130,000; Full time

Job summary

SoFi is seeking an experienced Home Equity Underwriter to own end-to-end underwriting for Home Equity loans in a hybrid Frisco, TX setting. You will evaluate credit, income, assets, and collateral, review appraisals and titles, and collaborate with processors to drive loans toward clear-to-close with strong risk controls.

The role requires independent credit judgment, 2+ years of underwriting experience, and proficiency with complex self-employed income scenarios.

Qualifications

• 2+ years of conventional mortgage underwriting with direct decision authority.
• Full-file underwriting ownership across credit, income, assets, collateral, conditions, and final decisions.
• Direct appraisal and title review experience.
• Strong experience analyzing self-employed income and complex borrower scenarios.
• Ability to independently evaluate and clear underwriting conditions.

Responsibilities

• Underwrite and decision Home Equity loan files per policy and guidelines.
• Perform full credit risk analysis including borrower creditworthiness, income, assets, and collateral.
• Review credit reports, income/assets, tax returns, appraisals, and title reports.
• Apply independent credit judgment in manual or semi-manual underwriting environment.
• Independently evaluate and clear underwriting conditions to maintain pipeline momentum.
• Collaborate with processors to resolve documentation gaps and move loans toward closing.
• Make clear, documented approval, suspension, or decline decisions.
• Meet production, turn-time, quality, and compliance expectations.

Skills

Mortgage underwriting

Decision making

Credit analysis

Self-employed income

Compliance

Job description

Employee Applicant Privacy Notice

Who we are:

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

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:

SoFi is hiring an experienced Home Equity Underwriter to support a growing lending portfolio. This is a true full-file underwriting role with end-to-end ownership of credit, income, assets, collateral, conditions, and final underwriting decisions. The underwriter will 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 an underwriter who is comfortable exercising independent credit judgment in a manual or semi-manual environment and owning the entire file—not just one segment of the process.

What you’ll do:

• Underwrite and decision Home Equity loan files in accordance with SoFi policies and applicable investor and regulatory guidelines.
• Perform full credit risk analysis, including borrower creditworthiness, income stability, assets, and collateral.
• Review and analyze credit reports, income and asset documentation, tax returns, appraisals, title reports, and other loan documentation.
• Apply independent credit judgment in a manual or semi-manual underwriting environment.
• Independently evaluate and clear underwriting conditions to maintain pipeline momentum.
• Analyze self-employed borrower income, including Schedule C, K-1s, partnerships, corporate returns, and business tax returns.
• Identify potential risk, fraud, or documentation concerns and elevate appropriately.
• Collaborate closely with loan processors to resolve documentation gaps and move loans toward closing.
• Make clear, well-documented, and defensible approval, suspension, or decline decisions.
• Meet established production, turn-time, quality, accuracy, and compliance expectations.

What you’ll need:

• Minimum 2 years of recent conventional mortgage underwriting experience with direct decision-making authority.
• Demonstrated full-file underwriting ownership across credit, income, assets, collateral, conditions, and final decisions.
• Direct appraisal and title review experience.
• Strong experience analyzing self-employed income and complex borrower scenarios.
• Ability to independently evaluate and clear underwriting conditions.
• Strong understanding of credit policy, underwriting guidelines, collateral evaluation, and risk assessment.
• Experience working in a compliance-driven, production-oriented environment with accountability for quality and turn times.
• Strong communication and collaboration skills, particularly when partnering with processors.
• Ability to work standard business hours aligned with Central Time.
• Ability to work from the Frisco, Texas office 1–2 days per week.

Nice to have:

• Home Equity, HELOC, or second-lien underwriting experience.
• Manual or semi-manual underwriting experience.
• Experience with complex borrower, collateral, or lien-position scenarios.
• High-volume production underwriting experience.
• DU/LP experience as supporting conventional underwriting exposure.
• 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 comprehensiveand competitivebenefits, 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 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 [e-mail].

We are unable to accommodate remote work from Hawaii, Alaska or Puerto Rico 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.