# EDGAR Filing Document

**Accession Number:** 0001555110
**File Stem:** 0000897069-23-000065
**Filing Date:** 2023-2
**Character Count:** 35078
**Document Hash:** b2239dc8cf5a0e50f7657f33a410cbf1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897069-23-000065.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0000897069-23-000065

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230202

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SoFi Lending Corp.
- **CENTRAL INDEX KEY:** 0001555110
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 900790926
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-02080
- **FILM NUMBER:** 23598945

**BUSINESS ADDRESS:**
- **STREET 1:** 220 HALLECK STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129
- **BUSINESS PHONE:** 866-357-8342

**MAIL ADDRESS:**
- **STREET 1:** 220 HALLECK STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SoFi Lending Corp.
- **CENTRAL INDEX KEY:** 0001555110
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 900790926
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 220 HALLECK STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129
- **BUSINESS PHONE:** 866-357-8342

**MAIL ADDRESS:**
- **STREET 1:** 220 HALLECK STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129

#### UNITED STATES <br> SECURITIES AND EXCHANGE COMMISSION <br> Washington, D.C. 20549

**FORM ABS-15G**<br>

#### ASSET-BACKED SECURITIZER REPORT

#### Pursuant to Section 15G of the

#### Securities Exchange Act of 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐ Rule 15Ga-1(c)(1) under the Exchange Act (17 CFR 240.15Ga-1(c)(1)) for the reporting period [________________] to [________________]

☐ &nbsp;&nbsp;&nbsp;&nbsp; Rule 15Ga-1(c)(2)(i) under the Exchange Act (17 CFR 240.15Ga-1(c)(2)(i)) for the quarterly reporting period [________________] to [________________]

☐ Rule 15Ga-1(c)(2)(ii) under the Exchange Act (17 CFR 240.15Ga-1(c)(2)(ii)) for the annual reporting period [________________] to [________________]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

---

| | |
|:---|:---|
| **Date of Report (Date of earliest event reported):** | **Date of Report (Date of earliest event reported):** |
| **February 2, 2023** | **February 2, 2023** |
| __________________________________ | __________________________________ |
| **SOFI LENDING CORP.<sup>1</sup>**<br> (Exact name of securitizer as specified in its charter) | **SOFI LENDING CORP.<sup>1</sup>**<br> (Exact name of securitizer as specified in its charter) |
| <br> Central Index Key Number of depositor: 0001555110<br> Central Index Key Number of issuing entity (if applicable): 0001555110<br> Central Index Key Number of underwriter (if applicable): Not applicable | <br> Central Index Key Number of depositor: 0001555110<br> Central Index Key Number of issuing entity (if applicable): 0001555110<br> Central Index Key Number of underwriter (if applicable): Not applicable |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 025-02080<br> (Commission File Number of securitizer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0001555110<br> (Central Index Key Number of securitizer) |
| **Robert Lavet, General Counsel, (703) 972-2039**<br> Name and telephone number, including area code, of the person to contact<br> in connection with this filing | **Robert Lavet, General Counsel, (703) 972-2039**<br> Name and telephone number, including area code, of the person to contact<br> in connection with this filing |
| __________________________________ | __________________________________ |

---

<br>Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

------

<sup>1</sup> SoFi Lending Corp., as securitizer, is filing this Form ABS-15G in respect of issuances of asset-backed securities by the following issuer (under Rule 144A of the Securities Act of 1933, as amended from time to time): SoFi Consumer Loan Program 2023-1S Trust.

------

#### INFORMATION TO BE INCLUDED IN THE REPORT

#### PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

#### Item 2.01 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Issuer

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report, dated February 2, 2023 and as Exhibit 99.2 hereto is an agreed-upon procedures report, dated February 8, 2023, obtained by the sponsor, which report sets forth the findings of Deloitte & Touche LLP with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

------

#### SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOFI LENDING CORP.<br>

By: <u>/s/ Robert Lavet</u> 

Name: Robert Lavet

Title: Secretary

February 8, 2023

------

SOFI LENDING CORP.

Exhibit Index to Current Report on Form ABS-15G

Dated February 2, 2023

Exhibit

<u>Number</u>

(99.1) Independent Accountant's Report on Applying Agreed-Upon Procedures, dated February 2, 2023.

(99.2) Independent Accountant's Report on Applying Agreed-Upon Procedures, dated February 8, 2023.

## Exhibit 99.1

![](image0.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Deloitte & Touche LLP**<br> Suite 400<br> Harborside Plaza 10<br> Jersey City, NJ 07311<br> USA<br>Tel: +1 212 937 8200<br> Fax: +1 212 937 8298<br> www.deloitte.com<br>

SoFi Lending Corp. 234 1st Street San Francisco, California 94105 <br>

#### Independent Accountants' Report

#### on Applying Agreed-Upon Procedures
We have performed the procedures described below, related to certain information with respect to a portfolio of consumer loans in connection with the proposed offering of SoFi Consumer Loan Program 2023-1S Trust. SoFi Lending Corp. (the "Company") is responsible for the information provided to us, including the information set forth in the Statistical Loan File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Statistical Loan File. Additionally, Mizuho Securities USA LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC (collectively, with the Company, the "Specified Parties") have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

#### Agreed-Upon Procedures

On January 19, 2023, representatives of the Company provided us a computer-generated consumer loan data file and related record layout containing data, as represented to us by the Company, as of close of business January 17, 2023, with respect to 34,134 consumer loans (the "Initial Statistical Data File"). At the Company's instruction, we randomly selected 125 consumer loans from the Initial Statistical Data File (the "Sample Loans").

Further, on January 24, 2023, we accessed the "Company Website" (https://sofi.sharefile.com/) and obtained a supplemental file (the "Supplemental Data File") containing the borrower first name, borrower last name and borrower state for each of the Sample Loans. At the instruction of the Company, we appended the Initial Statistical Loan File with the information set forth on the Supplemental Data File. The Initial Statistical Loan File, as adjusted, is hereinafter referred to as the "Statistical Loan File."

At the Company's instruction, we performed certain comparisons and recomputations for each of the Sample Loans relating to certain characteristics (the "Characteristics") set forth on the Statistical Loan File as indicated below.

#### Member of
Deloitte Touche Tohmatsu Limited

------

#### Characteristics

---

| | |
|:---|:---|
| 1. Loan number (for informational purposes)<br> 2. Original loan balance<br> 3. Borrower first name<br> 4. Borrower last name<br> 5. Loan maturity date<br> 6. Borrower state<br> 7. Current interest rate<br> 8. Current loan balance | 9. Loan origination date<br> 10. Forbearance end date (if applicable)<br> 11. Scheduled monthly payment<br> 12. Loan status<br> 13. Payment string<br> 14. Primary borrower credit score (underwriting score)<br> 15. Borrower income<br>|

---

We compared Characteristics 2. through 5. to the corresponding information set forth on or derived from the Promissory Note or Approval Disclosure Statement (collectively, the "Originating Documents").

We compared Characteristics 6. through 13. to an electronic loan file, prepared, created and delivered by the Company on January 24, 2023, from the servicer system as of the close of business on January 17, 2023 (the "Servicer System File").

We compared Characteristic 14. to the corresponding information set forth on or derived from the "Underwriting System File."

Using methodologies provided to us by the Company, we compared Characteristic 15. to the corresponding information set forth on or derived from the Underwriting System File, Income Verification Documentation, Residential Income Projection File or Gross Income Calculation Methodology File (collectively, the "Gross Income Verification Documentation").

For purposes of our procedures and at your instruction:

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 5., differences of 30 days or less are deemed to be "in agreement." Further, for the Sample Loans indicated in Appendix A, we observed a difference with respect to the maturity date as set forth on the Statistical Loan File when compared to the maturity date as set forth on the Originating Documents. For these Sample Loans we were instructed to perform an additional procedure and compare the maturity date as set forth on the Statistical Loan File to the corresponding information set forth on screen shots from the Company's servicing system (the "Servicing System Screen Shots");

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 6., for the Sample Loans indicated in Appendix B, we observed a difference with respect to the borrower state as set forth on the Statistical Loan File when compared borrower state as set forth on the Servicer System File. For these Sample Loans, we were instructed to perform an additional procedure and compare the borrower state to corresponding information set forth on the query from the Company's origination system (the "Origination System Query");

with respect to our comparison of Characteristic 11., differences of $1.00 or less are deemed to be "in agreement;"

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 14., for the Sample Loans indicated in Appendix C, we observed a difference with respect to the primary borrower credit score as set forth on the Statistical Loan File when compared to the primary borrower credit score as set forth on the Underwriting System File. For these Sample Loans, we were instructed to perform an additional procedure and compare the primary borrower credit score as set forth on the Statistical Loan File to the average of the primary and secondary borrower credit scores (each as set forth on the Underwriting System File); and

------

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 15., differences of 3.5% or less of the borrower income set forth on the Statistical Loan File are deemed to be "in agreement."

The consumer loan documents described above, including any information obtained from the indicated systems, and any other related documents used in support of the Characteristics were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Loan Documents." We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Loan Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Loan Documents. In addition, we make no representations as to whether the Loan Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Sample Loans.

#### Agreed-Upon Procedures' Findings

The results of the foregoing procedures indicated that the Characteristics set forth on the Statistical Loan File were found to be in agreement with the above-mentioned Loan Documents.

\*\*\*\*\*\*

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the consumer loans underlying the Statistical Loan File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the consumer loans or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Statistical Loan File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services. None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria

------

or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

February 2, 2023

------

#### Appendix A to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 2, 2023.

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 5. for the following Sample Loans:

---

| |
|:---|
| 4931153 |
| 5769079 |
| 6236714 |
| 6347727 |
| 6496161 |
| 6602957 |
| 6613918 |
| 6764752 |
| 7074832 |
| 7662443 |
| 8786634 |
| 9846632 |

---

<br> The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

------

#### Appendix B to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 2, 2023.

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 6. for the following Sample Loans:

---

| |
|:---|
| 13065898 |
| 13137563 |
| 2598717 |
| 5769079 |
| 6488164 |
| 6613918 |

---

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

------

#### Appendix C to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 2, 2023.

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 14. for the following Sample Loans:

<u> 14152292 </u> <br> <u> 14686919 </u> <br> <u> 15462831 </u>

<br> The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

## Exhibit 99.2

![](image0.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Deloitte & Touche LLP**<br> Suite 400<br> Harborside Plaza 10<br> Jersey City, NJ 07311<br> USA<br>Tel: +1 212 937 8200<br> Fax: +1 212 937 8298<br> www.deloitte.com<br>

SoFi Lending Corp. 234 1st Street San Francisco, California 94105 <br>

#### Independent Accountants' Report

#### on Applying Agreed-Upon Procedures
We have performed the procedures described below, related to certain information with respect to a portfolio of consumer loans in connection with the proposed offering of SoFi Consumer Loan Program 2023-1S Trust. SoFi Lending Corp. (the "Company") is responsible for the information provided to us, including the information set forth in the Statistical Loan File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Statistical Loan File. Additionally, Mizuho Securities USA LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC (collectively, with the Company, the "Specified Parties") have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

#### Agreed-Upon Procedures

On February 3, 2023, representatives of the Company provided us a computer-generated consumer loan data file and related record layout containing data, as represented to us by the Company, as of close of business February 1, 2023, with respect to 22,240 consumer loans (the "Initial Statistical Data File"). At the Company's instruction, we randomly selected 125 consumer loans from the Initial Statistical Data File (the "Sample Loans").

Further, on February 6, 2023, we accessed the "Company Website" (https://sofi.sharefile.com/) and obtained a supplemental file (the "Supplemental Data File") containing the borrower first name, borrower last name and borrower state for each of the Sample Loans. At the instruction of the Company, we appended the Initial Statistical Loan File with the information set forth on the Supplemental Data File. The Initial Statistical Loan File, as adjusted, is hereinafter referred to as the "Statistical Loan File."

**Member of**<br> Deloitte Touche Tohmatsu Limited<br>

At the Company's instruction, we performed certain comparisons and recomputations for each of the Sample Loans relating to certain characteristics (the "Characteristics") set forth on the Statistical Loan File as indicated below.

#### Member of
Deloitte Touche Tohmatsu Limited

------

#### Characteristics

---

| | |
|:---|:---|
| 1. Loan number (for informational purposes)<br> 2. Original loan balance<br> 3. Borrower first name<br> 4. Borrower last name<br> 5. Loan maturity date<br> 6. Borrower state<br> 7. Current interest rate<br> 8. Current loan balance | 9. Loan origination date<br> 10. Forbearance end date (if applicable)<br> 11. Scheduled monthly payment<br> 12. Loan status<br> 13. Payment string<br> 14. Primary borrower credit score (underwriting score)<br> 15. Borrower income<br>|

---

We compared Characteristics 2. through 5. to the corresponding information set forth on or derived from the Promissory Note or Approval Disclosure Statement (collectively, the "Originating Documents").

We compared Characteristics 6. through 13. to an electronic loan file, prepared, created and delivered by the Company on February 6, 2023, from the servicer system as of the close of business on February 1, 2023 (the "Servicer System File").

We compared Characteristic 14. to the corresponding information set forth on or derived from the "Underwriting System File."

Using methodologies provided to us by the Company, we compared Characteristic 15. to the corresponding information set forth on or derived from the Underwriting System File, Income Verification Documentation, Residential Income Projection File or Gross Income Calculation Methodology File (collectively, the "Gross Income Verification Documentation").

For purposes of our procedures and at your instruction:

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 5., differences of 30 days or less are deemed to be "in agreement." Further, for the Sample Loans indicated in Appendix A, we observed a difference with respect to the maturity date as set forth on the Statistical Loan File when compared to the maturity date as set forth on the Originating Documents. For these Sample Loans we were instructed to perform an additional procedure and compare the maturity date as set forth on the Statistical Loan File to the corresponding information set forth on screen shots from the Company's servicing system (the "Servicing System Screen Shots");

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 9., for the Sample Loan indicated in Appendix B, we observed a difference with respect to the loan origination date as set forth on the Statistical Loan File when compared to the loan origination date as set forth on the Servicer System File. For this Sample Loan, we were instructed to perform an additional procedure and compare the loan origination date to corresponding information set forth the Servicing System Screen Shots;

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 11., differences of $1.00 or less are deemed to be "in agreement;"

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 14., for the Sample Loans indicated in Appendix C, we observed a difference with respect to the primary borrower credit score as set forth on the Statistical Loan File when compared to the primary borrower credit score as set forth on the Underwriting System File. For these Sample Loans, we were instructed to perform an additional procedure and compare the primary borrower credit score as set forth on the Statistical Loan File to the average of the primary and secondary borrower credit scores (each as set forth on the Underwriting System File); and

------

&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 15., differences of 3.5% or less of the borrower income set forth on the Statistical Loan File are deemed to be "in agreement."

The consumer loan documents described above, including any information obtained from the indicated systems, and any other related documents used in support of the Characteristics were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Loan Documents." We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Loan Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Loan Documents. In addition, we make no representations as to whether the Loan Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Sample Loans.

#### Agreed-Upon Procedures' Findings

The results of the foregoing procedures indicated that the Characteristics set forth on the Statistical Loan File were found to be in agreement with the above-mentioned Loan Documents.

\*\*\*\*\*\*

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the consumer loans underlying the Statistical Loan File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the consumer loans or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Statistical Loan File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services. None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

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None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

February 8, 2023

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#### Appendix A to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 8, 2023.

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 5. for the following Sample Loans:

<u> 6651745 </u> <br> <u> 9652417 </u>

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

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#### Appendix B to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 8, 2023.

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 9. for the following Sample Loan:

13721178<br>

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

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#### Appendix C to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 2, 2023.

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 14. for the following Sample Loans:

<u> 14381192 </u> <br> <u> 14538285 </u> <br> <u> 14614014 </u>

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

<br>