30 Fabulous Companies of the Year 2021

SoFi – Creating modern financial products and services that help people borrow, save, spend, and invest their money in one app


If you're looking for a way to lower your mortgage payments or get your home loan paid off faster, refinancing may be a good option. Refinancing involves swapping your existing mortgage for a new one with more favorable terms. Business finance is the art and science of managing your company's money. The role of finance in business is also to make sure there are enough funds to operate and that you're spending and investing wisely. The number one reason that many people refinance is to get a lower interest rate on their mortgage. With a lower interest rate, you can get lower monthly payments as well, particularly if your refinanced mortgage has the same payoff date as your old home loan. You can also lower your monthly mortgage payments by extending your payoff date past what it currently is, so you're paying less in principle each month.

SoFi is a values-driven company that creates new financial products and services. The firm helps people borrow, save, spend, invest, and protect their money better so that they can achieve financial independence and realize their ambitions from owning a home to saving for retirement, paying off their student loans, and more. SoFi is a different kind of finance company whose goal is to help people get their money right. Their products are built around their members to have the tools they need to take control of their financial futures.

Value-based services offered by SoFi

Student Loan Refinancing: Student loan refinancing is an excellent solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and private loans. Federal loans do carry some special benefits, such as public service forgiveness and economic hardship programs that may not be accessible to you after you refinance. It saves thousands of dollars thanks to flexible terms and low fixed or variable rates. It is fast, easy, and all online, a simple online application, and access to live customer support seven days a week. There are no hidden fees, no catch, and no application or origination fees. No prepayment penalties and also SoFi members get career coaching, financial advice, and more all at no cost.

Medical and dental resident student loan refinancing: SoFi will refinance student debt for medical residents and fellows before you become an attending physician. Residents will be required to make minimum monthly payments of $100 on their debt to SoFi until the end of your residency or fellowship program, up to 54 months. After this time, your loan will re-amortized, and your payment amount will increase according to a fully amortized loan schedule.

Home loans: Whether you're buying a home or refinancing an existing mortgage, SoFi will be by your side from start to finish making sure that the process is as quick and painless as possible, without any hidden fees or prepayment penalties.

Mortgage refinancing: Get a competitive rate without any hidden fees. SoFi makes applying for mortgage refinance easy, so you can start saving on your home right away. Turn your home equity into cash. SoFi’s cash-out option can be helpful for situations like high-interest debt consolidation, home renovations, and more. Its mortgage loan officers (MLOs) can guide you through the process and they have member specialists standing by to answer any other questions.

The valiant leader behind the triumph of SoFi

Anthony Noto serves as the Chief Executive Officer of SoFi and serves on its board of directors. Before joining SoFi, he served as chief operating officer of Twitter since November 2016, and as its chief financial officer when joining the company in July 2014. Prior to Twitter, Mr. Anthony served for almost four years as co-head of global TMT investment banking at Goldman Sachs. He joined Goldman Sachs in 1999, was named partner in 2004, and served as the head of communications media and Internet equity research. Before returning to Goldman, he spent almost three years as chief financial officer of the National Football League. A graduate of the U.S. Military Academy, Mr. Anthony also holds a Master’s degree in business administration from the University of Pennsylvania’s Wharton School.

“SoFi’s mission is to help people reach financial independence to realize their ambitions.”