Mortgage Underwriter

University of Hawaii FCU•Honolulu, HI

About The Position

This position is responsible for reviewing, analyzing, approving, and underwriting difficult, complex individual consumer requests and products within company and industry guidelines. Functions include reviewing financial statements, credit reports, and applicable ratios (i.e. debt-to-income, loan-to-value); examining transactions to ensure accuracy and completeness; preparing formal reports for review; ensuring that documents are consistent and uphold to company and industry guidelines; applying fraud detection techniques, performing compliance reviews; assisting with re-structuring of loans based on lending guidelines, serving as a consultant/technical resource on difficult problems and questions; providing work direction, feedback and training to junior underwriting and processing staff including mentoring lower level underwriters and processors on credit decisioning, department procedures and policies; delivering/facilitating of technical training to ensure organizational consistency. This position also assists with the processing and closing of residential mortgages in all stages to ensure compliance. May act as a team lead and provide performance feedback to less senior department members. May act as backup in absence of Supervisor.

Requirements

High school diploma or GED required.
Basic understanding of MS Office Suite.
Strong understanding of lending regulations.
Strong understanding in processing/underwriting procedures.
Strong understanding of the State of Hawaii real property laws/regulations such as land court, Ohana dwellings, ADU’s, lava zones, and various types of leasehold properties.
Proficient in income analysis including complex variable income, self-employed, retirement, seasonal, REO, etc.
General understanding of condo projects and agency guidelines, both new and existing.
Recent direct underwriting experience (3 or more years) in Mortgage Loan Operations, which includes processing and closing conventional first mortgage loans pursuant to Fannie Mae, Freddie Mac, and other secondary market investor guidelines.
Excellent verbal and written communication skills.
Excellent analytical, creative, and problem-solving skills.
Able to prioritize workload and meet deadlines.
Able to work independently and make sound decisions.
Able to handle stressful situations.
Able to manually calculate DTI/LTV outside of the LOS.

Nice To Haves

Business school, associate degree or equivalent is a plus.
Experience underwriting loans with mortgage insurance, delegated authority experience is a plus.
Familiar with various first-time homebuyer, down payment assistance programs, and affordable housing programs offered through federal and state/local agencies such as HHFDC, HHOC, City and County of Honolulu.
Expertise with Loan Origination Systems (LOS) and Automated Underwriting Systems (DU/LP) technology involved in the loan process.
Experience evaluating files for Post-Close QC audits
Experience working on new project developments
Experience leading individuals in a production environment
Experience with government underwriting including FHA, VA, USDA
Experience underwriting brokered loans through a wholesale channel

Responsibilities

Evaluate loans pursuant to quality control, internal and agency guidelines.
Responsible for the accuracy of all information in the loan files to meet quality control standards and portfolio and secondary marketing investor guidelines.
Ensures compliance with all regulatory policies and procedures.
Recommends improvements in procedures and processes as necessary to ensure the optimum efficiency and effectiveness of the credit union.
Performs other duties as required.

Benefits

One great perk of working at UHFCU is we offer on-demand pay through our financial wellness provider. With the on-demand pay benefit, you can have the money you've already earned when you need it, so your time and money can work better for you. Get early access and get paid without waiting for your paycheck.
Medical Insurance which Includes Drug and Vision; Company pays 100% of Employee's Self-Coverage; PLUS, a Company Paid Subsidy Towards Family-Coverage
Dental Insurance; Company Pays 100% of Employee's Self-Coverage and Employee Pays for Low-Cost Family-Coverage
Medical and Dental Plan Premium Waiver Option
401(k) Retirement Plan with Employer Match and Non-Elective Contribution (NEC)
Eligible to Earn Thirty-Five (35+) Paid Days Off a Year
Vacation Cash-Out Program
Flexible Spending Accounts: Healthcare and Dependent Care (Pre-Tax Benefit)
Company Pays for Employee Group Basic Life With AD&D Insurance
Company Pays for Employee Long Term Disability Insurance
Voluntary Accident Recovery, Critical Illness + Cancer, and Hospital Insurance
Employee Assistance Program (EAP)
Employee Loan Discount
Company Subsidizes 50% for Adult Monthly Bus Pass
Cash Reward Employee Referral Program
Workiversary Cash Reward and Gifts
Internal and External Professional Development Opportunities
And Many More!