Truss Financial Group is rolling out a fully digital HELOC platform aimed at helping LOs serve self-employed borrowers, entrepreneurs, and real estate investors who may struggle to qualify through traditional bank underwriting.
The California-based non-QM lender announced Monday that its new “Digital HELOC” platform allows borrowers to access up to $750,000 in home equity through a fully online process that the company says can fund in as little as five business days.
The launch comes as more homeowners remain reluctant to refinance out of low first-lien mortgage rates, creating growing demand for second-lien products such as HELOCs. Truss positioned the product as an alternative to cash-out refinances for equity-rich borrowers who want liquidity without replacing their existing mortgage. The second-lien structure allows borrowers to access equity while preserving their existing first mortgage rate.
The platform uses an automated valuation model (AVM) and AI-driven bank statement verification to speed up underwriting decisions, allowing borrowers to complete an application in minutes and receive approvals within 24 hours.
The lender said the platform was specifically designed for borrowers with nontraditional income structures, including 1099 workers, business owners, and real estate investors.
Central to the rollout is what Truss calls a “Two-Path” underwriting strategy. Borrowers who fit automated underwriting standards move through a fully digital process, while more complex files are routed into a manual “Hybrid Lane” overseen by human underwriters.
The hybrid process is intended to evaluate borrowers with K-1 income, bank-statement documentation, asset depletion profiles, or other nontraditional income scenarios that may trigger automated denials at traditional lenders.
Truss is also targeting investor business through a DSCR HELOC product for non-owner-occupied properties and second homes. The company said investors can use the lines of credit for renovations, bridge financing, or earnest money on acquisitions.
“Innovation is about removing friction between an entrepreneur's vision and their earned capital,” CEO and founder Jeff Miller said. “In this rebalancing market, home equity should not be a static number; it must be an active tool for growth.”
