HawaiiUSA Federal Credit Union
Mortgage Loan Underwriter II
HawaiiUSA Federal Credit Union, Honolulu, Hawaii, United States, 96814
Tuesday, December 31, 2024
The Mortgage Loan Underwriter II is responsible for underwriting, processing, and closing real estate secured loans; Conventional and VA. Ascertains compliance in accordance with policy and guidelines set by the credit union and the secondary market for salable loans. Provides support for and works in concert with the front line staff to provide the most competitive mortgage loan products and efficient service to members.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Review and analyze all files submitted by Mortgage Loan Officers and Mortgage Brokers.
Verify accuracy, perform file set-up, order outs, and issue upfront and change of circumstance disclosures within required compliance deadlines. Communicate the status of all outstanding conditions to the Loan Officer within 5 calendar days of receipt of the loan file.
Ensure compliance with investor or insurer documentation requirements. Order, verify, and follow up on required documentation in accordance with Credit Union standards and policy requirements. Correspond and follow up with various vendors in a timely manner to meet all deadlines. Approve loans within the granted Lending Authority. Validate and sign off on all AUS underwriting conditions for loans under conforming loan limits. Prepare and issue conditional and final approval letters as required. Prepare Mortgage Loan Committee presentation sheets and perform the presentation. Understand and review residential appraisals and title reports. Communicate effectively and timely with escrow and front-line staff to meet deadlines. Ensure all documents are executed properly and all required systems outside of the Loan Operating system are updated accordingly. Maintain loan file control and ensure efficient processing of applications up to and including loan closing and funding in a timely manner. Prepare loan documents, coordinate closings and recordings with escrow and the Loan Officer. Communicate clearly with frontline staff, at least weekly, to ensure timely closing and funding. Verify and validate loan funding with escrow and prepare wire instructions for submission to Accounting Department. Package and scan files for shipping to correspondent investors/servicing agents and follow up on any trailing documents, including original notes and recorded mortgages. Scan and submit loan files as requested by third-party vendors and Compliance for loan file audits. Handle payoff inquiries, releases, and paid-in-full documentation. Assist in researching and providing information to internal and external customers. Stay informed of current real estate lending trends and general market trends. Participate in functions and courses sponsored by lending-related organizations to further knowledge. Stay informed of current real estate lending trends relative to rates, fees, sales, and general market trends. Independently remain informed of GSE updates. Evaluate and suggest cross-sell opportunities for each loan customer/member to solidify member relationships. Assume additional duties as they arise, cross-train within the department, and be responsive to changing needs within the department and Credit Union. EDUCATION AND EXPERIENCE 5-7 years of real estate loan underwriting and/or senior level processing required. PROFESSIONAL QUALITIES FOR SUCCESS Proficient and accurate user of personal computers. Able to communicate effectively, both verbally and written. Self-starter, dependable, accurate in completing responsibilities to meet critical deadlines with strong attention to detail and organizational skills. Able to interpret and apply underwriting policies and guidelines. Ability to apply state, federal, and NCUA regulations as they relate to residential real estate lending. Able to work independently and cohesively with others and fosters a team environment. Able to handle delicate situations with diplomacy, tact and handle confidential information. Provide excellent customer service to external and internal customers and employees. BENEFITS & PAY The expected pay range for the Mortgage Loan Underwriter II role is $68,307 to $85,384/year. We cover 100% of employees’ single medical, drug, vision, and dental monthly health insurance premiums. Employees also love receiving paid volunteer time, our pay it forward program, and matching their charitable donations up to $250 per year per employee. Tuition assistance for higher education is another special way we invest in our workforce. Benefits include Paid Time Off and 11 Paid Holidays, 401(k) and 3% Employer Contribution, Health insurance, Paid time off, Vision insurance, Dental insurance, 401(k), Prescription drug insurance, Tuition reimbursement, Life insurance, Flexible spending account, Disability insurance, Opportunities for advancement, Employee assistance program, Referral program, Retirement plan, Employee discount, Paid training, Professional development assistance, AD&D insurance, Volunteer time off, Credit union membership, Paid orientation, and more. Make a difference one life at a time! ABOUT US HawaiiUSA Federal Credit Union is a local, not-for-profit, federally insured financial cooperative, owned and operated by our members since 1936. We are dedicated to helping members achieve their financial goals and our employees reach their career aspirations. We are committed to our community by extending ourselves through our time, efforts, and resources. Our motto, Life Matters, means celebrating life’s experiences and creating fulfilling work opportunities, not just jobs. Instructions:
Please make sure to fill out all required fields in the application process, making sure to list a minimum of 3 employers unless you have worked for less than 3 employers. For required fields that may not apply to you, enter "N/A". Please also include 3 professional references, i.e., individuals who you worked with, ideally supervisors.
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Verify accuracy, perform file set-up, order outs, and issue upfront and change of circumstance disclosures within required compliance deadlines. Communicate the status of all outstanding conditions to the Loan Officer within 5 calendar days of receipt of the loan file.
Ensure compliance with investor or insurer documentation requirements. Order, verify, and follow up on required documentation in accordance with Credit Union standards and policy requirements. Correspond and follow up with various vendors in a timely manner to meet all deadlines. Approve loans within the granted Lending Authority. Validate and sign off on all AUS underwriting conditions for loans under conforming loan limits. Prepare and issue conditional and final approval letters as required. Prepare Mortgage Loan Committee presentation sheets and perform the presentation. Understand and review residential appraisals and title reports. Communicate effectively and timely with escrow and front-line staff to meet deadlines. Ensure all documents are executed properly and all required systems outside of the Loan Operating system are updated accordingly. Maintain loan file control and ensure efficient processing of applications up to and including loan closing and funding in a timely manner. Prepare loan documents, coordinate closings and recordings with escrow and the Loan Officer. Communicate clearly with frontline staff, at least weekly, to ensure timely closing and funding. Verify and validate loan funding with escrow and prepare wire instructions for submission to Accounting Department. Package and scan files for shipping to correspondent investors/servicing agents and follow up on any trailing documents, including original notes and recorded mortgages. Scan and submit loan files as requested by third-party vendors and Compliance for loan file audits. Handle payoff inquiries, releases, and paid-in-full documentation. Assist in researching and providing information to internal and external customers. Stay informed of current real estate lending trends and general market trends. Participate in functions and courses sponsored by lending-related organizations to further knowledge. Stay informed of current real estate lending trends relative to rates, fees, sales, and general market trends. Independently remain informed of GSE updates. Evaluate and suggest cross-sell opportunities for each loan customer/member to solidify member relationships. Assume additional duties as they arise, cross-train within the department, and be responsive to changing needs within the department and Credit Union. EDUCATION AND EXPERIENCE 5-7 years of real estate loan underwriting and/or senior level processing required. PROFESSIONAL QUALITIES FOR SUCCESS Proficient and accurate user of personal computers. Able to communicate effectively, both verbally and written. Self-starter, dependable, accurate in completing responsibilities to meet critical deadlines with strong attention to detail and organizational skills. Able to interpret and apply underwriting policies and guidelines. Ability to apply state, federal, and NCUA regulations as they relate to residential real estate lending. Able to work independently and cohesively with others and fosters a team environment. Able to handle delicate situations with diplomacy, tact and handle confidential information. Provide excellent customer service to external and internal customers and employees. BENEFITS & PAY The expected pay range for the Mortgage Loan Underwriter II role is $68,307 to $85,384/year. We cover 100% of employees’ single medical, drug, vision, and dental monthly health insurance premiums. Employees also love receiving paid volunteer time, our pay it forward program, and matching their charitable donations up to $250 per year per employee. Tuition assistance for higher education is another special way we invest in our workforce. Benefits include Paid Time Off and 11 Paid Holidays, 401(k) and 3% Employer Contribution, Health insurance, Paid time off, Vision insurance, Dental insurance, 401(k), Prescription drug insurance, Tuition reimbursement, Life insurance, Flexible spending account, Disability insurance, Opportunities for advancement, Employee assistance program, Referral program, Retirement plan, Employee discount, Paid training, Professional development assistance, AD&D insurance, Volunteer time off, Credit union membership, Paid orientation, and more. Make a difference one life at a time! ABOUT US HawaiiUSA Federal Credit Union is a local, not-for-profit, federally insured financial cooperative, owned and operated by our members since 1936. We are dedicated to helping members achieve their financial goals and our employees reach their career aspirations. We are committed to our community by extending ourselves through our time, efforts, and resources. Our motto, Life Matters, means celebrating life’s experiences and creating fulfilling work opportunities, not just jobs. Instructions:
Please make sure to fill out all required fields in the application process, making sure to list a minimum of 3 employers unless you have worked for less than 3 employers. For required fields that may not apply to you, enter "N/A". Please also include 3 professional references, i.e., individuals who you worked with, ideally supervisors.
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