NMLS# 1121636

SoFi

Lender Summary

SoFi is reinventing consumer finance for the better as a leader in marketplace lending. SoFi helps ambitious professionals accelerate their success with student loan refinancing, mortgages, mortgage refinancing, personal loans, parent loans and more. Their nontraditional underwriting approach takes into account merit and employment history, among other factors, to provide financial products that can't be found elsewhere.

What they're saying

Ratings & Reviews
94 Reviews
  • Interest Rates
    Excellent
  • Fees & Closing Costs
    Excellent
  • Responsiveness
    Excellent
  • Customer Service
    Excellent

Review Breakdown

Showing 1 star reviews | Show all reviews

SoFi is BS

I have a 740 score and had paid off a SoFi loan (35k) 2.5 years ago 18 months early!!! Just applied again for a home improvement they sent me into the SoFi nether world for like 7 days and came back that I was late on a payment so no matter how high my score is ( which is a oxymoron how do I have a high credit score) and how much I make 300k I could NEVER get a loan from them. They are not truthful at all and suck you in with a false truth about quick funding. They have internal rules that supersede your credit rating. Just go to a real bank quicker and more honest.

  • LendingTree Customer:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review

Look elsewhere if you have perfect credit

I worked with them on a deal in the past. They wanted paperwork to prove retirement. I never heard of such a thing. It was for a loan my daughter that she couldn’t get. The whole thing was so ridiculous, I financed it myself. I have a 850 perfect credit score for over 30 years and no 1099 or other tax work to prove I did work. How can you prove you do not?

  • LendingTree Customer:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review

Nope

I have over an 800 credit score and almost no debt, maybe 5% debt ratio and make well over 6 figures. Yet 2 weeks after my application was completed I finally had to call these folks and their response was they needed more info, Seriously? I went to another lender and had the money in 3 days. Don't get jerked around and get your credit score hit with these guys inquiries. Do yourself a favor and go else where.

  • LendingTree Customer:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review
×

Thank you for sharing your experience

Here are a few tips for writing a top-notch review for a company in our marketplace:

Do
Don't

LendingTree Certification:

The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.

LendingTree Certification:

  • Certified Lender
    Certified Lenders have demonstrated their organizational commitment to employee development, at least 50% of their loan professionals have been certified while also providing exemplary service to LendingTree consumers.

Loan Officer Certifications:

  • Gold Leaf
    Gold Leaf is the cornerstone of the loan officer certification program and is designed to recognize loan officers committed to their own professional development while adhering to LendingTree best practices. Gold Leaf recipients know the fundamentals of LendingTree and online lending, they are equipped with the necessary skills to be best-in-class loan professionals.
  • Certified President's Club
    President’s Club is presented to an elite group of loan officers based on success levels in several areas including adherence to LendingTree best practices, commitment to professional development and dedication to customer excellence. Recipients have also met all Gold Leaf criteria.

SoFi

Let's answer a few short questions and see what offers SoFi and other lenders may have for you.