SoFi Blog

San Francisco, Calif. — August 24, 2016 — SoFi, a modern finance company taking an unprecedented approach to lending and wealth management, announced the appointment today of Kevin Moss as Chief Risk Officer, a new position. He will be a member of SoFi’s senior leadership team and report to Nino Fanlo, President and CFO.

Moss previously spent 17 years in senior management roles at Well Fargo Bank.  He was most recently Executive Vice President and Chief Risk Officer responsible for managing Credit, Compliance, and Operating Risk for Wells Fargo’s Consumer Lending Group.   Prior to that position, he was business manager of Well Fargo’s National Home Equity Group.  He also served as chief credit officer for the Home and Consumer Finance Group and led the Consumer Risk Management team.

“Kevin brings valuable experience to SoFi as we offer our members a growing array of financial solutions to meet their needs, including personal loans, mortgages and wealth management services,” said Mike Cagney, SoFi founder, CEO and Chairman.  “His appointment underscores our management team’s commitment to operational excellence and sound risk management across all our activities.”

A former college professor, Moss has participated on advisory boards and steering committees that provide risk management solutions to the financial services industry.  A graduate of The George Washington University, he holds a master’s degree from New York University’s Leonard N. Stern School of Business in quantitative analysis.

About SoFi

SoFi is a modern finance company taking an unprecedented approach to lending and wealth management. We’ve replaced the impersonal, transactional bank experience with a long-term partnership, enabling our members to realize the full potential of their money, careers and relationships. Our members constantly push the limits of what life has to offer. Whether looking to refinance their student loans, buy their dream home, or simply seek advice as they ascend in their careers, SoFi provides the products and tools to match their ambitions and propel them to new levels of financial greatness. For more information, visit SoFi.com.

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Laurel Toney

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On July 27, SoFi hosted one of its popular community member events in New York City. Held at Interface, an intimate creative space and lounge in North Chelsea, the evening featured Matt Bachmann, co-founder of Wandering Bear Coffee, and Ben LeBlanc, founder of Good Stock Soups. Ainsley O’Connell of Fast Company moderated the lively panel discussion titled “MBA to CEO.”

Editor’s Note: The following article on home renovation and budgeting originally appeared on our web partner Houzz’s website. Some of the content has been slightly edited from its original version, and is written from the perspective of a home designer.

Remodeling is a great way to stay in the house you have. Plus, making changes can improve the way you live. But everyone has heard the horror stories of going 50 percent or more over the remodeling budget. Truth be told, even contractors will admit that it’s hard to provide an exact price on the work, because there are often unforeseen circumstances that could cause the price to rise. I always recommend factoring in about 20 percent over what you think you should budget. But knowing what you want from the very beginning — and sticking to those goals — can greatly help your project stay on track. Even if it seems like it’s going off the rails.

Credit cards. They’re just small, rectangular pieces of plastic, yet have the ability to help people prosper—or cause unexpected financial damage. SoFi members Peter and Gloria Hoch of St. Louis, Missouri, know something about that. Together for 36 years, the couple racked up about $23,000 in credit card debt in just over five years.

Building a strong relationship with your boss is a critical part of your career success. And it’s not just because a boss you get along with might be more likely to offer you a raise or promotion, or write you a great recommendation.

When you’re on solid footing with your manager—when you trust and respect each other, work smoothly together, and communicate seamlessly—you’re more productive and motivated. And when you’ve got that going for you, you’re healthier and happier.