Mortgage Underwriter

University of Hawaii FCU offers an onsite Mortgage Underwriter role in Honolulu, HI with a competitive salary and a robust benefits package designed to support your financial security and professional growth. The position provides opportunities for leadership or backup responsibilities within a collaborative Mortgage Lending team.

Benefits

• On-demand pay
• Medical Insurance (including Drug and Vision; 100% employee self-coverage with optional family subsidy)
• Dental Insurance (100% employee self-coverage; affordable family coverage)
• Medical and Dental Plan Premium Waiver Option
• 401(k) Retirement Plan with Employer Match and Non-Elective Contribution
• 35+ Paid Days Off per year
• Vacation Cash-Out Program
• Flexible Spending Accounts for Healthcare and Dependent Care
• Basic Life Insurance with AD&D
• Long Term Disability Insurance
• Voluntary Accident Recovery, Critical Illness and Hospital Insurance
• Employee Assistance Program (EAP)
• Employee Loan Discount
• 50% Subsidy for Adult Monthly Bus Pass
• Cash Reward for Employee Referrals
• Work anniversary rewards and gifts
• Internal and External Professional Development Opportunities

Responsibilities

• Review, analyze, approve, and underwrite complex consumer mortgage requests in line with company and industry guidelines
• Assess financial statements, credit reports, and ratios such as debt-to-income and loan-to-value; verify transactions for accuracy; prepare formal reports; ensure document consistency and compliance; apply fraud-detection techniques and perform compliance reviews
• Assist with loan restructures per lending guidelines and act as a technical resource for difficult issues
• Provide direction, feedback, and training to junior underwriters and processors; mentor staff on credit decisioning and department procedures; deliver technical training for consistency
• Assist with processing and closing residential mortgages through all stages to ensure compliance
• May serve as team lead and provide performance feedback to less experienced team members
• May back up the Supervisor in their absence
• Evaluate loans under quality control, internal, and agency guidelines
• Ensure accuracy of all loan file information to meet QC standards and investor guidelines
• Maintain regulatory compliance and recommend procedural improvements for efficiency
• Perform other duties as required

Technologies

• Microsoft Office Suite
• Loan Origination Systems (LOS)
• Automated Underwriting Systems (DU/LP)

Requirements

• Basic proficiency with MS Office Suite
• Strong understanding of lending regulations
• Solid knowledge of processing and underwriting procedures
• Strong familiarity with Hawaii real property laws and regulations, including land court, Ohana dwellings, ADUs, lava zones, and various leasehold properties
• Proficiency in income analysis for complex scenarios such as variable income, self-employment, retirement, seasonal income, and REO
• General understanding of condo projects and agency guidelines for both new and existing properties
• Recent direct underwriting experience (3+ years) in Mortgage Loan Operations, including processing and closing conventional first mortgage loans per Fannie Mae, Freddie Mac, and other secondary market guidelines
• Experience underwriting loans with mortgage insurance; delegated authority experience is a plus
• Familiar with first-time homebuyer programs, down payment assistance, and affordable housing programs offered through federal and state/local agencies such as HHFDC, HHOC, City and County of Honolulu
• Experience with Loan Origination Systems (LOS) and Automated Underwriting Systems (DU/LP)
• Excellent verbal and written communication skills
• Strong analytical, creative, and problem-solving abilities
• Ability to prioritize workload and meet deadlines
• Ability to work independently and make sound decisions; handle stressful situations
• Ability to manually calculate DTI and LTV outside of the LOS
• Experience evaluating files for Post-Close QC audits and working on new project developments
• Experience leading individuals in a production environment
• Experience with government underwriting including FHA, VA, and USDA
• Experience underwriting brokered loans through a wholesale channel
• Education: High school diploma or GED
• Minimum 3 years direct underwriting experience in Mortgage Loan Operations
• Onsite work location: Honolulu, Hawaii