Home Equity Underwriter

About 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.

Responsibilities

• 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 escalate 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.

Requirements

• 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.

Pay

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.