About the role
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
The Lock Desk Specialist will be responsible for ensuring SoFi company policies and procedures related to rate locks are accurate and meet loan pricing compliance standards. This role requires meticulous attention to detail, strong organizational skills, and the ability to work independently in a fast-paced environment. The ideal candidate will have experience in the mortgage industry, proficiency in relevant software, and the ability to serve as a critical point of contact for both internal teams and external stakeholders. This position follows a hybrid work model and requires in-office attendance 2 days per week.
What you'll do:
- Enforce Lock Desk policy & procedures.
- Assist the company’s loan officers with rate lock maintenance, loan re-prices, and general Lock.
- Monitor and track Best Effort rate locks with investors.
- Confirm loan pricing accuracy and profitability.
- Conduct systematic data entry for all interest rate lock requests and re-prices.
- Act as the main point of contact for escalation scenarios.
- Process Change of Circumstances, Loan Concessions, Lock Scrubs, and Lock Extensions.
- Monitor various shared email in-boxes and perform work within SLA.
- Act as a primary point of contact with the Loan Setup Client Experience Team to ensure loan terms are compliant.
- Ensure the accuracy of fees; create a file structure for outbound disclosures.
- Monitor robotics outcome reports and scrub loans that fail to queue back up for automation or work manually.
- Coach, train, and educate teammates who are newly onboarded.
What you'll need:
- A four-year college degree in Finance, Economics, or another related field is preferred
- 2+ years in the mortgage industry preferred
- 2 + years of Encompass experience
- 2+ years of Optimal Blue experience
- Microsoft Excel proficiency
- General knowledge of financial markets
- Knowledge of TRID guidelines
- Ability to work quickly, accurately, and independently in a very fast-paced environment
- Comfortable working under a high level of confidentiality
- Detail-oriented and strong time management / organizational skills
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 accommodations@sofi.com.
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Aplyr's read
SoFi blends technology and finance to empower individuals with tailored financial solutions, attracting tech-savvy professionals eager to innovate in personal finance.
What's promising
- •SoFi offers a diverse range of financial products, appealing to a wide customer base.
- •The company invests heavily in technology, attracting skilled engineers and tech professionals.
- •SoFi's focus on personalized financial advice sets it apart in the digital finance sector.
What to watch
- •SoFi operates in a highly competitive market with numerous established financial institutions.
- •Regulatory changes in the financial sector could impact SoFi's operations and growth.
- •Limited public information about SoFi's long-term profitability and financial stability.
Why SoFi
- •SoFi integrates social elements into finance, creating a community-focused financial experience.
- •The company offers a unique blend of financial products and tech-driven solutions.
- •SoFi's personalized financial advice leverages technology to tailor services to individual needs.
Aplyr’s read is generated by AI from public sources. Was it useful?
About SoFi
SoFi, short for Social Finance, is a personal finance company that provides a range of financial products including student and personal loans, mortgage refinancing, and investment management services. The company aims to help individuals achieve financial independence and success through innovative technology and personalized financial advice.
