Mortgage Loan Underwriter I

HawaiiUSA Federal Credit Union•Honolulu, HI

11d•$65,000 - $75,000

About The Position

Underwrite and process real estate secured loans; conventional. Ensure compliance with policy and guidelines set by the credit union and the secondary market for salable and portfolio loans. Provide support for and works in concert with the front-line staff to provide the most competitive mortgage loan products and efficient service to members.

Requirements

Three years of real estate loan underwriting and/ or senior level processing required
Proficient in Encompass or a similar loan origination system
High school diploma or equivalent

Responsibilities

Review and analyze all files submitted by Mortgage Loan Officers and Mortgage Brokers. Verify accuracy, perform file set-up, order outs, and issue upfront and change of circumstance disclosures in the time frame required to meet compliance deadlines. Communicate status of all outstanding conditions to the Loan Officer.
Comply with Fannie Mae and internal portfolio guidelines. Follow federal regulations and internal underwriting policies.
Order, verify, and follow up on required documentation in accordance with Credit Union standards and policy requirements. Correspond and follow up with various vendors in a timely manner to meet all deadlines.
Approve loans within the Lending Authority granted.
Work with other documents as required to ensure all documents are executed properly and all required systems outside of the Loan Operating system are updated accordingly.
Communicate effectively and promptly with escrow and front-line staff to meet deadlines.
Prepare adverse action notices.
Analyze, understand, and review residential appraisals, title reports, income, assets and credit report.
Maintain the loan file control and be duly responsible for the efficient processing of the applications up to and including the loan closing and funding in a timely manner.
Participate in functions and courses sponsored by lending-related organizations to further knowledge. Keep informed of current real estate lending trends relative to rates, fees, sales, and general market trends. Independently remain informed of GSE updates.
Look for cross-sale opportunities and refer the loan officers when applicable.
Assume additional duties as they arise, cross-train within the department, and be responsive to changing needs with the department and Credit Union.
Able to apply state, federal, and NCUA regulations as they relate to residential real estate lending.