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Heloc Underwriter Jobs (NOW HIRING)

Upstart

OR

The HELOC Underwriting team is responsible for evaluating loan applications and making sound, policy-aligned credit decisions. This team ensures consistent application of underwriting guidelines ...

Upstart

Senior Product Manager, HELOC Decisioning

OR · On-site +1

$126K - $166K/yr

As the Senior Product Manager, HELOC Decisioning at Upstart, you will own the strategy and execution of our underwriting and verification experience, helping more qualified borrowers access HELOCs ...

Upstart

Home Lending Underwriter

$119K/yr

The HELOC Underwriting team is responsible for evaluating loan applications and making sound, policy-aligned credit decisions. This team ensures consistent application of underwriting guidelines ...

Upstart

Senior Product Manager, HELOC Decisioning

$129K - $170K/yr

As the Senior Product Manager, HELOC Decisioning at Upstart, you will own the strategy and ... Define and evolve the backend logic for underwriting and decisioning, ensuring complex engineering ...

Triumph-HR

Residential Loan Underwriter

Walpole, MA

$32.68 - $38.93/hr

Underwrite all residential and HELOC mortgage applications , ensuring compliance with Bank policies, procedures, and all applicable federal and state laws. * Manage your loan pipeline by boarding new ...

NC SECU

Responsible for the comprehensive underwriting and final approval of mortgage and HELOC loan files within the Real Estate Lending department. This role evaluates borrower creditworthiness, reviews ...

NC SECU

Responsible for the comprehensive underwriting and final approval of mortgage and HELOC loan files within the Real Estate Lending department. This role evaluates borrower creditworthiness, reviews ...

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Heloc Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do heloc underwriter jobs pay per year?

As of Aug 12, 2026, the average yearly pay for heloc underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a HELOC underwriter, and why are they important?

To thrive as a HELOC Underwriter, a strong background in credit analysis, risk assessment, and knowledge of home equity lending guidelines is essential, usually supported by experience in mortgage or banking environments. Familiarity with loan origination systems, automated underwriting software, and regulatory compliance tools is typically required. Attention to detail, sound judgment, and effective communication help underwriters excel in evaluating applications and collaborating with loan officers. These skills ensure accurate risk evaluation, compliance with lending standards, and efficient processing of HELOC applications.

Is mortgage underwriting a stressful job?

Mortgage underwriting, including roles like a HELOC underwriter, can be stressful due to strict deadlines, detailed financial analysis, and the need for accuracy. The job often requires attention to detail, strong organizational skills, and the ability to manage multiple applications simultaneously, which can contribute to a high-pressure environment.

What is a HELOC underwriter?

HELOC underwriters are financial professionals who review and assess applications for Home Equity Lines of Credit (HELOCs). They evaluate the borrower's creditworthiness, property value, income, debts, and overall risk to determine if the applicant qualifies for a HELOC and under what terms. HELOC underwriters play a crucial role in ensuring that lending decisions comply with regulations and the financial institution's policies. Their expertise helps protect both the lender and the borrower from potential financial risks.

What are some common challenges HELOC underwriters face when evaluating complex applications?

Heloc Underwriters often encounter challenges when assessing applicants with unconventional income sources, fluctuating property values, or high debt-to-income ratios. Accurately analyzing self-employed borrowers' financial documents and staying up-to-date on changing lending regulations can be particularly demanding. Additionally, balancing risk management with providing a positive customer experience requires strong analytical skills and close collaboration with loan officers and risk management teams.

What is the difference between Heloc Underwriter vs Mortgage Underwriter?

AspectHeloc UnderwriterMortgage Underwriter
CredentialsTypically requires a mortgage or loan underwriting certification, experience in credit analysisSimilar certifications, often with additional mortgage-specific licenses
Work EnvironmentWorks primarily with home equity lines of credit, often in retail or bank branchesHandles various mortgage types, often in dedicated underwriting departments
Industry UsageCommon in banks, credit unions, and lenders offering HELOC productsUsed across mortgage lending institutions for home loan approvals

Both roles involve assessing borrower creditworthiness, but Heloc Underwriters focus on home equity lines of credit, while Mortgage Underwriters handle broader mortgage loans. The skills and certifications overlap, but the specific loan types and work environments differ slightly.

More about Heloc Underwriter jobs
What job categories do people searching Heloc Underwriter jobs look for? The top searched job categories for Heloc Underwriter jobs are:
Heloc Underwriter jobs near you
Infographic showing various Heloc Underwriter job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, 2% Part Time, and 3% Contract. Highlights an 70% Physical, 10% Hybrid, and 20% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Home Lending Underwriter

Upstart

OR

Full-time

Re-posted 25 days ago

Upstart rating

7.6

Company rating: 7.6 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

The Team: 

The HELOC Underwriting team is responsible for evaluating loan applications and making sound, policy-aligned credit decisions. This team ensures consistent application of underwriting guidelines across approvals and declines,  and identifies potential fraud risks. The team partners with Processing, Closing, and Quality to ensure accurate and efficient loan decisioning and funding.
As a Home Lending Underwriter, you'll partner closely with our Licensed Loan Advisors to ensure loan decisions are accurate and timely. It is your responsibility to ensure that we are originating quality, sellable loans that adhere to our underwriting policy and procedures. You will also need a keen eye for process improvement and workflow optimization.

How you'll make an impact

  • Approval & decline accuracy: Ensure all approval and decline decisions are well-supported, clearly documented, and consistent with credit policy and regulatory expectations.
  • Fraud risk identification: Review applications for potential fraud indicators (income misrepresentation, occupancy concerns, document inconsistencies, identity risk) and take appropriate action in alignment with fraud protocols.
  • Documentation & compliance: Maintain complete, audit-ready loan files with clear rationale, supporting documentation, and decision notes.
  • Operational consistency: Apply underwriting guidelines consistently and contribute to maintaining quality and reducing defects across the underwriting process.

Minimum Qualifications 

  • 2+ years of combined experience in mortgage and/or HELOC processing and/or underwriting operations or equivalent experience in credit decisioning and analysis
  • 6 months of residential mortgage underwriting experience with independent decisioning authority
  • Demonstrated experience/success in an environment in which you are held accountable for productivity output as well as quality metrics aligned to that output
  • Demonstrated experience conducting quality assurance or second-level reviews on loan files
  • Experience reviewing loan files for fraud risk and escalating concerns appropriately
  • Experience working within an LOS and reviewing full loan documentation packages
  • Strong documentation skills supporting credit decisions for QA/audit review
  • Strong analytical skills with meticulous attention to detail

Preferred Qualifications

  • Experience with HELOC-specific underwriting guidelines and second lien products
  • Familiarity with Vesta Loan Origination System
  • Familiarity with fraud detection tools, red flag identification, and investigation workflows
  • Proficiency with Excel/Sheets for income calculation and loan analysis
  • Familiarity with compliance and regulatory requirements related to mortgage underwriting

Position location This role is available in the following locations: Remote

Time zone requirements The team operates on the East / West coast time zones. 

Travel requirements As a digital first company, the majority of your work can be accomplished remotely. The majority of our employees can live and work anywhere in the U.S but are encouraged to to still spend high quality time in-person collaborating via regular onsites. The in-person sessions' cadence varies depending on the team and role.

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