HELOC Underwriter: Precision Credit Decisions

Firstsource Healthcare; Palm Bay (FL); On-site; USD 70,000 - 100,000; Full time

Job summary

Firstsource Healthcare seeks an HELOC Underwriter to assess creditworthiness under the credit union's lending policy. You will review files, perform rigorous income analysis, and issue clear, actionable conditions across FICO, income, and collateral.

Responsibilities include documenting decisions in Encompass, ensuring fair lending compliance, and delivering timely condition clearance within 24 hours. Minimum 4 years in mortgage underwriting required, with HELOC experience preferred.

Qualifications

• Minimum 4 years of mortgage underwriting experience, with at least 2 years on HELOC products.
• Expert-level income analysis using Schedule C, 1120S, 1065, and K-1 documentation.
• Proficient in Encompass LOS and the conditions log.
• Strong ECOA and HMDA compliance knowledge for HELOC transactions.
• Ability to document decisions clearly and actionably in writing.

Responsibilities

• Review HELOC loan files and issue conditions for approval, final approval, or denials per policy and regulations.
• Conduct comprehensive credit analysis across FICO, tradelines, income, assets, and collateral.
• Calculate qualifying income and perform back-end/front-end DTI calculations.
• Evaluate collateral and title components against policy maximums and occupancy/type.
• Provide written decision rationale in Encompass and respond to condition clearances within 24 hours.
• Participate in pipeline reviews to identify stalled files and underwriting issues.

Skills

Mortgage underwriting

Income analysis

Encompass LOS

ECOA/HMDA compliance

Credit analysis

Written communication

Regulatory knowledge

Tools

Encompass LOS

Job description

Firstsource Healthcare seeks an HELOC Underwriter to assess creditworthiness under the credit union's lending policy. You will review files, perform rigorous income analysis, and issue clear, actionable conditions across FICO, income, and collateral.

Responsibilities include documenting decisions in Encompass, ensuring fair lending compliance, and delivering timely condition clearance within 24 hours. Minimum 4 years in mortgage underwriting required, with HELOC experience preferred.