Pricing Lead, Home Lending
SoFi
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The role
The Home Lending Pricing Lead will be a key member of SoFi’s fast-growing Home Loans team and will serve as the primary point of contact for our business unit on all matters related to pricing.
What you’ll do:
Be responsible for Pricing of Home Lending products (Home Loans and Home Equity)
People management responsibilities for 1-2 people
Contribute to overall home lending business strategy and financial forecasting
Collaborate with the Business Unit Leader in Home Lending to manage pricing margins, provide insights into the competitive landscape and ensure pricing is in line with targets and profitability expectations
Identify opportunities for automation and platform improvements and lead efforts to realize them
Support day-to-day operations including daily rate sheets, lock, extension and exception processing
Coordinate with Capital Markets to ensure best execution and enhance secondary market capabilities
Develop reporting to assist in pipeline management and competitive analytics
Develop and maintain lock desk policies and procedures and training materials
Represent Pricing in front of internal stakeholders (lock desk, credit risk, capital markets, marketing, finance) and external vendors
What you’ll need:
7+ years of mortgage pricing/ Secondary market experience.
Familiarity with Pricing Engines and Loan Operating Systems (Optimal Blue)
Solid knowledge and understanding of mortgage loans, programs, and pricing processes and procedures
Excellent analytical and communication skills
Ability to work on multiple concurrent efforts in various capacities
Ability to work independently and collaboratively
Nice to have:
Experience leading a pricing/ secondary/ lock desk at a National Mortgage Company or Federally Chartered Bank
Coding knowledge like SQL, VBA/Macro
Bachelor’s degree in Finance, Economics, Math, or other quantitative discipline