Underwriter

Trovy; Salt Lake City (UT); In loco; USD 44.000 - 55.000; Tempo pieno

Vantaggi offerti da questo lavoro

Competitive pay

Equity participation

No sales commissions

PTO and holidays

On-site Salt Lake City, UT

Health, dental, vision, and life

Free lunch Fridays

Descrizione del lavoro

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.

Competenze

• 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.

Mansioni

• 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.

Conoscenze

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

Descrizione del lavoro

About Trovy

Trovy is building the financial platform for America's 86 million homeowners for managing their homes and accessing low rate credit. We believe homeowners' biggest asset should unlock their best financial options: bypass the myriad of expensive, rigid credit products and replace them with one simple, powerful solution built around their home equity. Backed by Left Lane, Kleiner Perkins, DCM, and Camber Creek, Trovy is led by a team of proven fintech innovators on a mission to make homeownership and personal finances more manageable.

Role Overview

As an Underwriter, you'll be a core member of Trovy's credit team, making sound, well documented credit decisions on HELOC applications. You'll take on our most complex files, especially self employed borrowers and business owners whose income runs through S corporations, partnerships, LLCs, and sole proprietorships. We're looking for an experienced underwriter who can read a tax return like a story, knows where the risk hides, and can help us sharpen the credit policy and procedures behind every decision. This is not a sales role. Your success is measured by decision quality, accuracy, and consistency.

What You'll Do

• Underwrite HELOC applications from start to final decision, evaluating income, credit, assets, collateral, and title against Trovy's credit policy

• Perform complex income analysis for self employed borrowers, including Schedule C, Schedule E, K-1s, and business returns (Forms 1120S, 1065, and 1120), using business cash flow analysis consistent with Trovy's credit policy

• Assess business stability and the borrower's access to business income, including ownership percentage, distributions, liquidity, and year over year trends

• Calculate and validate employment, rental, investment, and other income types, and verify income through tax transcripts, paystubs, W-2s, and third party verification tools

• Review credit reports, calculate DTI, and evaluate credit history, liabilities, and any layered risk factors

• Evaluate collateral using AVMs and other valuation tools, and review lien position, title, and property ownership, including trust held property

• Identify red flags and potential fraud, and condition or elevate files appropriately

• Clearly document the rationale for every decision, including exceptions and conditions, so files are audit ready

• Communicate conditions and document requests clearly to the operations team and, when needed, to borrowers

• Support adverse action processes and ensure decisions comply with ECOA and Reg B, FCRA, and fair lending requirements

• Help build Trovy's underwriting playbook: draft procedures, income worksheets, and job aids, and flag policy gaps or inconsistencies as you find them

• Partner with credit policy, operations, and product teams to improve decisioning workflows, automation, and the applicant experience

• Stay current on Trovy's credit policy, state specific requirements, and applicable lending regulations

What We're Looking For

• At least 5 years of mortgage or home equity underwriting experience, with substantial experience underwriting self employed borrowers

• Expert command of complex income analysis, including personal and business tax returns, K-1s, business cash flow analysis, and comparative year over year income review

• Experience applying written credit policy and income guidelines consistently; non QM or HELOC experience is a strong plus

• Solid understanding of credit, collateral, and title review, including CLTV, lien position, and valuation methods such as AVMs

• Working knowledge of Reg Z (TILA), ECOA and Reg B, FCRA, and fair lending principles

• Experience with a loan origination system and third party verification tools

• Sound, independent judgment; you can make a decision, defend it in writing, and know when to eliminate

• Highly organized with strong attention to detail; you keep your work accurate and well documented even when volume picks up

• Clear written and verbal communication; you can explain conditions and decisions in plain language

• A process oriented approach with a bias toward improvement; you've seen how strong credit shops operate and can help us build the right processes

• Comfort working in a startup environment where processes are still being built

Compensation & Benefits

• Competitive Pay : $32.00 - $40.00 an hour plus monthly target bonus

• Ownership : Equity participation so you share in Trovy's growth

• Success : No sales commissions; your success is measured by customer outcomes, not volume

• PTO : Paid time off, paid holidays, and floating holidays

• Location : On-site; Salt Lake City, Utah

• Benefits : 100% company sponsored health, dental, vision, and life insurance. We also offer commuter benefits, HSA, 401k and more!

• Other perks : Free lunch in the office every Friday!