Senior Consumer Loan Underwriter Professional (Centralized Lending)
About The Position
The Senior Consumer Loan Underwriter Professional (Centralized Lending) reviews and underwrites consumer loan products, including home equity loans originated online, in branches, or through centralized branch support. The role performs underwriting without face-to-face contact, assesses loan risks and compensating factors, and helps ensure closed loans are marketable and credit union assets are protected. The underwriter approves, suspends, or denies applications and works with Loan Coordinator Associates, branch lenders, and vendors to provide prompt, professional service to members and prospective members. Loans must meet credit union standards and procedures and regulatory underwriting guidelines. The role also guides front-line Loan Personnel and makes recommendations. This position is located at HSFCU Headquarters in Downtown Honolulu. NMLS registration under the SAFE Act of 2008 is required. Employment is contingent on registering with NMLS, or transferring a previous registration to HSFCU, immediately after the start date, followed by annual renewal. Hawaii State Federal Credit Union describes itself as a supportive, inclusive workplace that values trust, teamwork, employee development, and work-life balance. Its headquarters offers wellness and productivity amenities, and the organization highlights a family-like community culture.
Requirements
- 4–6 years of related loan underwriting experience.
- Knowledge of consumer and home equity lending practices.
- Strong math, analytical, and financial skills.
- Working knowledge of Windows, File Explorer, Outlook, Microsoft Word, and Excel.
- Ability to adapt to changes in the work environment or work process.
- Ability to work efficiently and in an organized manner.
- Understanding of applicable legal and regulatory standards and required loan documentation.
- Bachelor’s degree or equivalent experience.
- NMLS registration under the SAFE Act of 2008, completed immediately after starting or transferred to HSFCU registration rolls; annual renewal is required.
Nice To Haves
- Bachelor’s degree in Business or a related field.
- Prior work experience in a credit union or financial institution.
- Familiarity with loan origination systems and underwriting platforms, such as MeridianLink or Origence.
Responsibilities
- Execute established operational goals and support corporate-wide plans and programs.
- Ensure department functions comply with credit union policies and procedures and governmental regulations.
- Resolve moderately complex issues by comparing alternatives and selecting an appropriate approach.
- Evaluate consumer and home equity loan applicants’ capacity and collateral.
- Evaluate applicants’ employment history, verify employment, assess the likelihood of continued employment, and assess overtime, bonuses, and commissions used for qualification.
- Analyze tax returns and balance sheets for self-employed applicants.
- Assess income adequacy and the likelihood that applicants can meet expected financial obligations; evaluate family support requirements, housing expenses, income trends, and future income prospects.
- Review borrowers’ credit, payment histories, and financial management; investigate derogatory credit and ensure mortgage histories and debts are appropriately documented.
- Complete underwriting in accordance with credit union program requirements and applicable legal and regulatory requirements.
- Approve, suspend, or deny loan applications and coordinate with Loan Coordinator Associates, branch lenders, and vendors.
- Guide front-line Loan Personnel and make recommendations.
Benefits
- Competitive pay, merit increases, and incentives.
- Full-time employees receive 100% coverage for their medical and dental premiums, plus 50% toward coverage for family members.
- Flexible Spending Plan pre-tax deductions can be added after six months.
- 13 paid holidays each year, plus Election Day and up to two full days off for community service.
- PTO accrual increases with each year of employment.
- 401(k) plan with up to 10% employer contributions, including a 6% match and profit sharing after the first year.
- 100% bus pass reimbursement or up to a $100 parking subsidy, with pre-tax deductions available.
- Wellness fairs, flu shot clinics, and on-site fitness centers.
- Flexible spending plans, credit union discounts, life insurance, accident insurance, and disability insurance.
- In-person and online training programs, workshops, career development assistance, and tuition assistance.
- Modern headquarters with wellness and productivity amenities.
- Supportive and inclusive team culture; the credit union has been recognized as one of Hawaii’s best places to work for over 15 years.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
