Senior HELOC Underwriter — Self-Employed Focus

Trovy; Salt Lake City (UT); On-site; USD 44,000 - 55,000; Full time

Benefits offered by this job

Competitive pay

Equity participation

No sales commissions

PTO and holidays

On-site Salt Lake City, UT

Health, dental, vision, and life

Free lunch Fridays

Job summary

Trovy seeks an experienced Underwriter to join its credit team in Salt Lake City. You will underwrite HELOC applications, focusing on complex income analysis for self-employed borrowers, using tax returns and cash flow methods in line with Trovy's policy.

You will review collateral and credit reports, verify income via transcripts and W-2s, and document decisions clearly for audit readiness. Join a startup environment with equity options and a strong focus on risk management.

Qualifications

• 5+ years mortgage or home equity underwriting experience.
• Experience underwriting self-employed borrowers.
• Expert income analysis including personal and business tax returns.
• Knowledge of Reg Z, ECOA, Reg B, and FCRA.
• Strong written and verbal communication skills.

Responsibilities

• Underwrite HELOC applications from start to final decision, evaluating income, credit, assets, collateral and title.
• Perform complex income analysis for self-employed borrowers using Schedule C/E, K-1s, and business returns.
• Assess business stability, ownership percentage, distributions and year-over-year trends.
• Validate employment, rental, investment income and verify income through transcripts and W-2s.
• Review credit reports, calculate DTI and evaluate liabilities and risk factors.
• Evaluate collateral using AVMs and review lien position and title, including trust property.
• Identify red flags and potential fraud; elevate or condition files as needed.
• Document rationale for every decision for audit readiness.
• Communicate conditions and document requests to operations and borrowers when needed.
• Support adverse action processes and ensure compliance with ECOA, Reg B, FCRA, and fair lending.
• Help build underwriting playbook: procedures, income worksheets, and job aids.
• Collaborate with policy, operations and product teams to improve workflows.
• Stay current on credit policy and lending regulations.

Skills

Mortgage underwriting

Self-employed income

Policy compliance

Reg Z/ECOA

AVMs collateral

Tax return analysis

DTI calculation

Credit reports

Written communication

Attention to detail

Startup experience

Job description

Trovy seeks an experienced Underwriter to join its credit team in Salt Lake City. You will underwrite HELOC applications, focusing on complex income analysis for self-employed borrowers, using tax returns and cash flow methods in line with Trovy's policy.

You will review collateral and credit reports, verify income via transcripts and W-2s, and document decisions clearly for audit readiness. Join a startup environment with equity options and a strong focus on risk management.