Sonia Garrison is a financial capability consultant with 20 years’ experience in community development and consumer finance in the nonprofit and for-profit sectors.
- Affordable housing
- Consumer bank accounts
- Financial capability
- Mortgage finance
- Student loans
About Sonia Garrison
Sonia Garrison is a financial capability consultant with 20 years’ experience in community development and consumer finance in the nonprofit and for-profit sectors. She brings extensive experience leveraging qualitative and quantitative data to assess and improve strategies and attain organizational goals in both practitioner and policy arenas.
Garrison works with the UNC Center for Community Capital on a pilot financial capability program, called Pocket Change, that is designed to help low-income youth in North Carolina aged 12-19 develop financial socialization skills that enable them to become financially secure adults.
She served as senior researcher for the Center for Responsible Lending (CRL) from 2008 to 2013, designing and managing a large-scale state of lending research report and research projects on the sub-prime fore-closure crisis and foreclosure prevention policies. She also provided policy analysis and recommendations for Congressional testimony and for state and federal legislative initiatives.
As CRL’s product development and quality assurance manager from 2002-2008, she oversaw the development of a $4.6 billion, 50,000-loan secondary market portfolio of affordable mortgages offered by 32 lender/servicer partners. She provided product training and underwriting consulting to lending partners, spearheaded Self-Help’s first quality assurance program, resulting in $20 million in lender buybacks, and advised management how to balance the promotion of home ownership for low-wealth individuals with protecting the financial health of organization.
Garrison also served previously as research manager for Evolution Finance; land trust project manager for Orange Community Land Trust; community development loan officer for Norwest Mortgage; and project coordinator for Raleigh/Wake Coalition for the Homeless.