Items Tagged with 'SoFi'


  • Growing pains for SoFi? Online lender lays off mortgage staffers

    Cutting 5% of its total staff
    It appears that SoFi is suffering a bit of growing pains as it pushes to expand its mortgage lending operation.Last week, Bloomberg reported that SoFi was buying the engineering and product teams of Clara Lending, a mortgage startup founded in 2010. But as those new staffers come in, other staffers are being let go.
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  • SoFi pushing further into mortgages by acquiring tech teams from startup Clara Lending

    Bloomberg reports that SoFi wants to hire 100 engineers
    It’s been a little more than three years since SoFi expanded into mortgage lending, and while the company has since grown into one of the largest online residential mortgage retailers, it seems that’s not enough for SoFi. SoFi appears to be planning a larger push into mortgages, going so far as to buy some of the technology expertise of another mortgage lending startup.
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  • SoFi officially taps Twitter exec Anthony Noto to be new CEO

    Replaces Mike Cagney, who stepped down last year amid controversy
    SoFi has found its new leader. The online lender announced Tuesday morning that it selected Twitter Chief Operating Officer Anthony Noto to be the company’s new CEO. Noto replaces Mike Cagney, who abruptly resigned as CEO back in September with the company embroiled in controversy.
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  • SoFi reportedly wants Twitter COO Anthony Noto as its new CEO

    WSJ reports that online lender offered job to former Goldman Sachs banker
    It appears that SoFi thinks that Twitter Chief Operating Officer Anthony Noto is the right person to lead the online lender out of its recent rough patch. SoFi has been on the hunt for a new CEO following Mike Cagney's abrupt resignation back in September amid controversy.
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  • Amid scandal, SoFi bails on becoming a bank

    "Remains an attractive option"
    While the chances were already slim, SoFi announced on Friday that it is pulling its application to open a bank, as it continues to deal with claims over its alleged toxic work environment. However, SoFi hasn’t fully given up on the idea.
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  • SoFi starts GoFundMe to aid their people impacted by California wildfire

    Ours is an industry that helps its own. We came together to support those impacted from the destruction of Hurricane Harvey, Irma and Maria, and we’ll continue to come together no matter what life brings, which includes the wildfires scorching across Northern California. SoFi started a GoFundMe so its employees have a place to go to help their own. Here’s how you can help.
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  • Another top SoFi exec will resign following sexual harassment scandal

    Follows the departure of her husband, the CEO
    As the sexual harassment scandal rages on at San Francisco-based lending startup SoFi, yet another executive announced plans to leave the company. The announcement that Chief Technology Officer June Ou will be stepping down follows the sudden departure of the company CEO and her husband, Mike Cagney.
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  • SoFi faces another lawsuit from former employee over sexual harassment allegations

    At least one of three lawsuits against SoFi
    Adding to a growing list of lawsuits against San Francisco-based startup SoFi, a former loan reviewer filed a complaint on Thursday in California state court, claiming she was repeatedly sexually harassed while working there. This latest lawsuit is the at least one of three against the startup, as it is also dealing with claims that it fired a former employee for reporting sexual harassment allegations to his superiors.
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