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Noto, former chief operating officer of Twitter, said that when he joined SoFi – a CNBC Disruptor 50 company whose name means "Social Finance" – "the number one priority was to make sure we we focused on the quality of loan loans. "
Knowing that the Fed would soon start to seriously raise interest rates, Noto knew his millennial company would have to adjust to make sure its loans are secure and properly secured.
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"We wanted to focus on the economics of each loan for two reasons: first, we wanted the loans we created to be excellent investments for our badet backed securities investors, but also if we maintained them to our balance sheet, "he told Cramer. "So we did the pivotal thing when I came into the business to make sure we were preparing for the long-term environment with rising rates."
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