Pricing Analyst, Home Lending

1 week, 4 days ago
Full-time
Senior
Data Science and Analytics
SoFi

SoFi

SoFi specializes in providing a comprehensive financial platform that empowers individuals to achieve their financial goals through services such as student loan refinancing, debt consolidation, home buying assistance, and investment opportunities, all...

Capital Markets
1K-5K
Founded 2011
$2900M raised

Description

  • Develop, implement, and test mortgage pricing strategies to optimize revenue, conversion, and cost per customer acquisition.
  • Collaborate with Home Lending business unit leaders to manage pricing margins and align pricing to profitability targets.
  • Administer, configure, and optimize the Product & Pricing Engine (PPE), with a focus on maintaining pricing data accuracy and integrity.
  • Develop analytical tools and validation checks to control and verify mortgage pricing configurations and calculations.
  • Build production-level dashboards and reports to communicate pricing strategy outcomes and assist in pipeline management.
  • Create intuitive analytical models to estimate price elasticity for customer segments and inform decision makers.
  • Routinely present analyses and pricing recommendations to SoFi business leaders and stakeholders.
  • Maintain pricing policies and procedures owned by the Home Lending Pricing team.
  • Support day-to-day pricing operations including preparing daily rate sheets and processing exceptions.
  • Represent the Pricing team with internal partners (lock desk, credit risk, capital markets, marketing, finance) and external vendors.

Requirements

  • B.S. or M.S. in Computer Science, Statistics, Finance, Economics, Engineering, Mathematics, or a related quantitative field (required).
  • 5+ years of experience in the home loans industry in analytics, business strategy, pricing, margin management, or a related role.
  • 3+ years administering a pricing engine (preferably Optimal Blue).
  • Proven track record of end-to-end development of analytical frameworks to inform business strategy.
  • Solid knowledge of mortgage loans, programs, and pricing processes and procedures.
  • Familiarity with statistical and econometric modeling methods for significance testing and causal inference.
  • Basic programming skills in SQL, VBA, and Macros.
  • Experience building production-level dashboards and basic knowledge of Tableau.
  • Ability to work in a dynamic, cross-functional environment with strong attention to detail and exceptional problem-solving skills.
  • Effective communication skills with the ability to explain complex models simply, plus strong relationship-building and collaborative skills.
  • Nice to have: familiarity with Loan Origination Systems (preferably Encompass) and Python coding experience.

Benefits

  • Base pay range is provided for the role; final base pay offer is determined based on experience, skills, and location.
  • Comprehensive and competitive employee benefits (details available on SoFi’s Benefits page).
  • SoFi provides reasonable accommodations to candidates with physical or mental disabilities during the application and interview process.
  • SoFi is an equal employment opportunity employer committed to an inclusive culture.

Interested in this position?

Apply directly on the company website

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