“In Nearly 8 Years Not a Single Borrower Has Defaulted on a SoFi Loan” (Video)

Mike CagneyKayla Tausche talks peer to peer lending and specifically the success of SoFi in a brief segment on CNBC.  The discussion was coordinated alongside SoFi’s announcement they were moving into the Mortgage market – thus expanding their offerings from refinancing student loans.  Kayla calls SoFi “in a league of their own” due to their internal metrics for borrowers on their platform.  SoFi is expanding their pilot program of offering mortgages to existing SoFi customers.  Better rates and lower down payments makes their service a pretty compelling option.  Kayla notes that SoFi has not had a single default in nearly 8 years.

SoFi is now offering mortgage loans for up to $3 million in six states.  More to follow.


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