Senior Consumer Loan Underwriter Professional (Centralized Lending)

Hawaii Sate Credit Union•Honolulu, HI

2d•Remote

About The Position

Responsible for reviewing and underwriting all consumer loan products including home equity loans originated online, in branch, or via the centralized lending branch support process. Performs all underwriting duties without face-to-face contact. Identifies, analyzes, and evaluates loan risks and compensating factors, and ensures the marketability of closed loans and the safety of credit union assets. Approves, suspends, or denies loan applications. Ensures members and prospective members are promptly and professionally served by working with the Loan Coordinator Associates, branch lenders, or vendors (for Indirect Lending). Ensures loans are approved within the terms of the credit union’s standards and procedures and regulatory underwriting guidelines. Provides support to Loan Personnel. This position requires National Mortgage Licensing System and Registry (NMLS) registration under the SAFE Act of 2008. As such, upon active employment with Hawaii State Federal Credit Union, you will be required to either register on NMLS or re-register and move your previous registration to Hawaii State Federal Credit Union registration rolls. Your continued employment in this position with Hawaii State Federal Credit Union is contingent upon successful registration immediately after your start date and annual renewal of your registration thereafter. In addition, information obtained during the registration process may impact your employment with Hawaii State Federal Credit Union.

Requirements

4-6 years of related experience in Loan Underwriting.
Knowledge of consumer and home equity lending practices.
Strong math abilities, analytical, and financial skills.
Working knowledge of computer applications including Windows, File Explorer, Outlook, Microsoft Word and Excel.
Ability to adapt to changes in work environment or work process.
Able to work efficiently and in an organized manner.
Understanding of related legal and regulatory standards, and required loan documentation.
Bachelor’s degree or equivalent experience.
National Mortgage Licensing System and Registry (NMLS) registration under the SAFE Act of 2008.

Nice To Haves

Bachelor's degree in Business or related field.
Prior work experience in a credit union or financial institution.
Familiarity with loan origination systems (LOS) and underwriting platforms (e.g., MeridianLink, Origence, etc.).

Responsibilities

Executes established operational goals and ensures corporate wide plans and programs are complemented and supported.
Ensures that all department functions are performed in accordance with established credit union policies and procedures and governmental regulations.
Resolves moderately complex issues, compares alternative solutions and decides on appropriate approach.
Evaluates and assesses the capacity and collateral of consumer including home equity loans.
Evaluates applicant’s employment history. Ensures the probability of continued employment is good. Verifies employment history. Assesses overtime, bonuses, and commissions used to qualify.
Analyzes tax returns and balance sheets of shelf-employed applicants.
Evaluates the adequacy of the applicant’s income and the probability the member will be able to meet expected financial obligations. Assesses family support requirements.
Compares previous housing expenses with proposed expenses. Examines income trends and determines possibilities for increased income in future years.
Reviews borrower’s credit. Reviews the manner in which obligations have been met and financial affairs managed. Investigates derogatory credit.
Ensures all previous mortgage histories are rated and all debts are appropriately listed.
Completes all underwriting functions in accordance with various credit union program requirements and related legal and regulatory requirements.