About Figure
Figure is maximizing the value of homeownership in ways that benefit consumers and the industry alike. We’re helping homeowners tap their liquidity easily, efficiently and reasonably for purpose-driven, significant expenditures – everything from dream home renovations and debt consolidation to small business formation.
In seven years, we’ve become the country’s #1 non-bank HELOC lender. As a financial technology firm operating at the intersection of regulation and transformation, we’re a “unicorn” – a group of fewer than 1000 companies globally that is valued at $1B or more and has been in operation for less than ten years.
Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. We are motivated, innovative, collaborative, and curious. We value individuals who bring a problem-solving mindset to every task. Every day at Figure is a journey in continuous learning combined with a focus on getting work done that makes a difference. Join us!
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About the Role
We’re looking for a high-performing, analytical, data-driven Quality Assurance (QA) Manager to join our growing team! In this role, you will partner cross-functionally and help lead the pre-closing QA function in delivering a best-in-class product and customer experience.
What You’ll Do
- Develop and maintain a strong Quality Assurance program.
- Perform Quality Assurance reviews on Figure’s lending products such as HELOCs and mortgages.
- Assist with monthly QAC reporting, data analysis, and defect trending within QA/QC software and tools
- Collaborate with Lending Operations, Product, and Data to improve loan production quality and risk detection
- Partner with the Compliance and Capital Markets teams to ensure processes, procedures, and loan products meet investor eligibility requirements
- Recommend underwriting and change-management enhancements based on QA audit results and industry/investor product changes
- Underwrite Figure loan files for income calculations, assets, red flags, credit, and collateral.
- Review file data integrity and identify defects in the loan production process
- Perform credit analysis, ensuring all loans meet agency and investor eligibility
- Review pre-closing loan documents to ensure compliance with all Federal, State, and local compliance requirements and regulations
- Work closely with Lending Operations on trending defects and remediation
- Recommend and implement enhanced quality assurance methodologies and metrics to improve overall quality
What We Look For
- 5+ years of regulatory underwriting, compliance, quality assurance, lending operations, or related experience
- Bachelor’s Degree
- Ability to handle several projects at once while staying organized, detail oriented, and diligent
- Ability to work effectively across functions to achieve common goals
- Strong communication skills - ability to articulate verbally and in writing, plans, processes, policies, and issues to stakeholders
- Ability to thrive in a fast-paced startup environment
- Experience navigating and applying Fannie Mae conforming, and investor and aggregator and non-conforming, underwriting guidelines
- Competency in, and understanding of investor, rating agency and third-party review requirements
- Knowledge regarding federal and multi-state regulations impacting the mortgage industry a plus
- Strong analytical skills and attention to detail and time management
- Ability to handle multiple assignments in a high production, timeline sensitive environment with minimal supervision
- Excellent verbal and written communication
- Proficient in Microsoft office products especially Excel as well as QA testing software
Salary
- Compensation Range: $109,120 - $136,400
- 25% bonus target
- Equity stock options package
- This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs
Benefits
- Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Employer-funded life and disability insurance coverage
- 11 Observed Holidays & Accrued PTO plan
- Up to 12 weeks paid family leave
- Continuing education reimbursement
Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.
Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
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What We Do
Figure has applied blockchain technology across a series of real-world applications that are delivering real and immediate value to everyday consumers across sectors, including loan origination, private company cap table and fund management, security markets and payments. Figure has and continues to develop innovative products and services that seek to bypass traditional incumbents within the financial services industry.
Simply put, Figure is delivering on the promise of blockchain technology. Over $15B in transactions have been conducted on the Provenance Blockchain, a layer 1 designed for financial services, built and deployed by Figure.
As one of the first lenders to fully use blockchain technology, Figure is driving adoption across the lending ecosystem and providing stakeholders the benefit of an immutable record of asset ownership on the Provenance Blockchain. Figure’s HELOC product has enabled over 85,000 households across 45 states to unlock a combined $6 billion in equity from their homes. These lines of credit give people the opportunity to fund home improvement projects, secondary education, and more.
Figure is a regulatory powerhouse, boasting over 200 lending, servicing and money transmission licenses, SEC approval as an Alternative Trading System, and FINRA approved broker-dealer status. While some fintech companies aim to compete with traditional banks, Figure has stuck to expanding use cases for blockchain in finance and creating tech-enabled solutions for deep financial change in the markets. The company's iterative approach to product development has helped it to meet the evolving needs of its customers.
Why Work With Us
Figure creates tech-enabled, cutting-edge solutions for deep financial change, meeting the evolving needs of its customers. As the only firm leveraging blockchain technology to create real-world applications and immediate value to everyday consumers, Figure is effectively bridging the gap between the digital asset and traditional finance spaces.
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