Home Equity Underwriter

SoFi • Charlotte, NC

8h

About The Position

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.

Requirements

• 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 Haves

• 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.

Responsibilities

• 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 This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed