SoFi

Mortgage Compliance Analyst

SoFi$72K — $90K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years in mortgage or related field
  • Strong attention to detail and organizational skills
  • Proven problem-solving capabilities
  • Experience in stakeholder management
  • Familiarity with HMDA regulations and data compliance

Responsibilities

  • Validate HMDA data on loan applications for accuracy
  • Conduct root cause analysis to troubleshoot operational issues
  • Design and implement controls for risk mitigation
  • Gather and document business requirements from stakeholders
  • Develop test scenarios and support automation for system changes

Benefits

  • Competitive salary packages and bonuses
  • Comprehensive medical, dental, vision, and life insurance
  • Generous vacation and holiday time
  • Paid parental leave for eligible employees
  • 401(k) plan with retirement planning education
  • Tuition reimbursement for approved programs
  • Monthly contribution towards student loan repayment
  • Wellness benefits including telehealth support and gym subsidies
Full Job Description
Employee Applicant Privacy Notice

The role:

The position is responsible for the analysis and validation of Home Loans Loan Origination

System (LOS) data used in HMDA reporting, ensuring the LOS reflects accurate data. This role

involves close collaboration with business stakeholders to identify and resolve risk issues. A

proactive approach to problem-solving is essential, focusing on both immediate issue resolution

and the implementation of safeguards to prevent recurrence.

Outline the reason the job exists here. Document contributions of the role that contribute to the organization's overall mission.

What you'll do:

HMDA Data Validation: Review and validate HMDA data on loan applications to ensure

accuracy and compliance with regulations.
  • Problem Solving & Root Cause Analysis: Utilize structured methodologies to

investigate operational issues, identify root causes, and develop sustainable solutions

for risk resolution.
  • Risk Mitigation & Control Design: Evaluate process-related risks, then design and

implement controls and preventative measures to ensure regulatory compliance and

adherence to internal policies.
  • Business Requirements Gathering: Collaborate with stakeholders to gather and

document comprehensive business requirements for process changes and system

enhancements, specifically for risk mitigation.
  • Test Scenario Development & Automation Support: Partner with business users and

IT to define business-focused testing scenarios for system changes and support their

automation to ensure thorough validation and minimize post-implementation issues.

This section should include a full overview of the role including information from a job analysis: what does the individual actually do on a daily basis and what tasks are performed regularly. What does the worksite or workstation look like? Is this a remote role or in office? Outline what essential functions are performed. What are the expectations and expected results for this role? Is overtime or extra-hours work often needed/required?

Be sure to use inclusive language, if you have questions, the TA Ops team can help! Make sure to avoid age-specific descriptions, gender-specific terms, mentions of race or religion, or verbiage about physical abilities (unless absolutely necessary to perform a role).

What you'll need:
  • Mortgage Experience
  • Organized and Attention to Detail
  • Problem Solver
  • Stakeholder management (ability to communicate across all of mortgage)


What experience and qualifications are required to perform well in this role? Please make sure to include only the required skills and experience. The next section will include preferred or "nice to haves".

Include 5-10 education, training, or experience requirements in this section for a well rounded job description. Be sure that each requirement is linked back to the role the individual will be performing on a daily basis. These qualifications should be non-negotiable.

Examples Include:
  • Minimum Education Requirements such as: High School Diploma or Bachelor's Degree
  • Minimum Experience Requirements such as: 1 year experience in a similar role. Be careful not to require more years than is necessary to gain the minimum qualifications.
  • Knowledge of certain systems, policies, and procedures that are necessary to perform basic job functions right away.
  • Language requirements if consistently partnering with teams that have a large client base with a foreign language.

Nice to have:
  • Experience in Risk Issues
  • Automated Testing


This section should include your preferred qualifications, or non-mandatory skills, experience, or education qualifications. While these are not mandatory, they should be seen as good to have qualities that might lead to a higher level of success for an applicant.

Examples Include:
  • Master's degree. (For roles that prefer a master's degree, but only require a bachelor's degree).
  • Knowledge of certain systems, policies, and procedures that might not be easily gained with a short training period.

Why you'll love working here: Please do not add additional company information or copy into the job description in Greenhouse. This info will automatically post there.
  • Competitive salary packages and bonuses
  • Comprehensive medical, dental, vision and life insurance benefits
  • Generous vacation and holidays
  • Paid parental leave for eligible employees
  • 401(k) and education on retirement planning
  • Tuition reimbursement on approved programs
  • Monthly contribution up to $200 to help you pay off your student loans
  • Great health & well-being benefits including: telehealth parental support, subsidized gym program

For Any Remote Roles include: Application Deadline: 08/29/2024

*These benefits are only applicable to full time employees

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!

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.

About SoFi

SoFi is a financial services company that offers a range of products including student loan refinancing, personal loans, and mortgages. The company was founded in 2011 and is headquartered in San Francisco, California. SoFi's mission is to help people achieve financial independence by providing access to affordable credit and financial education. The company has over 1,200 employees and has funded over $50 billion in loans to date. SoFi is a privately held company and has raised over $2 billion in funding from investors including SoftBank, Silver Lake, and Peter Thiel.
Learn more about SoFi
Size
1,200 employees
Industry
Founded
2011

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