Position Details

Job title: Mortgage Underwriter. Department: Mortgage Lending. Location: Honolulu, HI 96826. FLSA Classification: Non-Exempt. Reports to: Mortgage Lending Manager.

Employee Benefits

One notable perk is on demand pay through our financial wellness partner, which allows you to access money you have already earned when you need it. In addition to competitive pay, UHFCU offers a comprehensive benefits package that includes:

Medical Insurance including drug and vision coverage; company pays 100% of the employee self-coverage and provides a subsidy toward family coverage
Dental Insurance; company pays 100% of the employee 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 for Healthcare and Dependent Care (pre-tax)
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 for employee referrals
Workiversary cash reward and gifts
Internal and external professional development opportunities
And many more!

Position Purpose

This role involves reviewing, analyzing, approving, and underwriting complex individual consumer requests and products in line with company and industry guidelines. Responsibilities include evaluating financial statements, credit reports, and ratios such as debt-to-income and loan-to-value; verifying transactions for accuracy and completeness; preparing formal reports for review; ensuring documentation aligns with guidelines; applying fraud detection techniques and performing compliance reviews; assisting with loan restructures according to lending guidelines; acting as a technical resource and providing guidance to junior underwriting and processing staff, including mentoring on credit decisioning and policies; delivering technical training to promote consistency. The position may also support the processing and closing of residential mortgages at all stages to ensure compliance. May serve as a team lead and provide performance feedback to less senior staff and may back up the Supervisor in their absence.

Essential Functions

Evaluate loans in accordance with quality control, internal, and agency guidelines
Ensure the accuracy of all information in loan files to meet quality control standards and investor guidelines
Verify compliance with all regulatory policies and procedures
Recommend procedural improvements to enhance efficiency and effectiveness
Perform other duties as required

Performance Standards

Deliver excellent member service both internally and externally
Assist the department in achieving annual loan production targets
Stay current on credit union and secondary market policies, procedures, and services
Process loans accurately and in a timely manner
Ensure executed documents comply with all lending policies

Qualifications

Education/Certification: High school diploma or GED required. Business school, associate degree, or equivalent is a plus.
Required Knowledge: Basic MS Office skills; solid understanding of lending regulations; strong knowledge of processing and underwriting procedures; familiarity with Hawaii real property laws and regulations such as land court, Ohana dwellings, ADU’s, lava zones, and various leasehold properties; proficient income analysis including complex variable income, self-employed, retirement, seasonal, REO; general understanding of condo projects and agency guidelines for both new and existing properties.
Experience Required: Recent direct underwriting experience (3+ years) in Mortgage Loan Operations, including processing and closing conventional first mortgage loans under Fannie Mae, Freddie Mac, and other secondary market guidelines; experience underwriting loans with mortgage insurance; delegated authority experience is a plus; familiarity with first-time homebuyer programs and down payment assistance, and affordable housing programs offered by federal and state/local agencies such as HHFDC, HHOC, and City and County of Honolulu; expertise with Loan Origination Systems (LOS) and Automated Underwriting Systems (DU/LP).
Skills/Abilities: Excellent verbal and written communication; strong analytical, creative, and problem-solving abilities; ability to prioritize workload and meet deadlines; ability to work independently and make sound decisions; ability to handle stressful situations; ability to manually calculate DTI/LTV outside of the LOS.
Other Desired Skills: Experience evaluating files for Post-Close QC audits; experience with 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.

Activities and Requirements of this Position

Repetitive Motion: Movements frequently and regularly required using wrists, hands, and/or fingers
Communication Skills: Must frequently convey detailed or important instructions accurately and quickly
Visual Abilities: Average visual acuity needed to read, prepare, and inspect documents
Hearing: Able to hear average conversations and receive information
Physical Strength: Sedentary work; able to lift and carry up to 25 lbs
Reasoning Ability: Apply common sense to follow detailed instructions and solve problems with varying variables
Mathematics Ability: Perform basic math including addition, subtraction, multiplication, and division with a calculator
Language Ability: Capable of writing complex sentences using standard grammar and vocabulary

Working Conditions

Air conditioned, smoke-free office setting.

Attendance Requirements

Please note that scheduled attendance requirements may change based on business needs.

Business Hours

Monday through Friday. Hours are subject to change. Ability to work additional hours, weekends, and holidays as needed.

Mortgage Underwriter

Job Description