Real Estate Loan Underwriter

HAWAII CENTRAL FEDERAL CREDIT UNION; Honolulu (HI); On-site; USD 85,000 - 110,000; Full time

Job summary

HCFCU is seeking an experienced Real Estate Loan Underwriter to assess mortgage applications by analyzing credit reports, income, assets, and debt while ensuring policy compliance and timely decisions. The role involves communicating with loan officers and members and maintaining accurate loan files.

Responsibilities include underwriting real estate loans, reviewing contracts and appraisals to meet investor and regulatory guidelines, and staying current with disclosures and industry changes.

Qualifications

• Bachelor's Degree in Business and 7–10 years of real estate lending experience.
• NMLS License is required or preferred.
• Strong written and verbal communication skills.
• Ability to work with little supervision under pressure and meet deadlines.

Responsibilities

• Evaluate residential loan files/applications for qualification to various loan programs.
• Underwrite all Real Estate related loans to provide representations to investors.
• Review purchase contracts, appraisals, and property standards to meet guidelines.
• Underwrite loan files to ensure compliance with investor and industry guidelines.
• Maintain updated knowledge of applicable regulations and disclosures to investors and lenders.
• Communicate with credit union officials, third party vendors, regulators and investors.

Skills

Underwriting

Credit analysis

Regulatory compliance

Communication

Record keeping

Education

Bachelor's degree in Business

7-10 years real estate lending experience

Tools

PC knowledge

Word processing

Email

Spreadsheet

Job description

Responsible for evaluating Real Estate loan applications by analyzing credit reports, income, assets, and debt to assess risk, ensuring compliance with policies and regulations, and making approval/denial decisions, while also communicating with loan officers/members and maintaining loan file accuracy.

• Evaluate residential loan files/applications for qualification to various loan programs available.
• Underwrite all Real Estate related loans to provide proper representations and warranties to investors.
• Review purchase contracts, appraisals, property standards to meet investor, state and federal guidelines.
• Underwrite loan files to include necessary documentation ensuring compliance with investor and industry guidelines and qualifications.
• Maintain updates, changes and have a clear understanding of applicable regulations and disclosures to investor, mortgage lender, mortgage insurance companies and credit union service organizations.
• Ability to identify, define, provide specific detailed information and responses with regards to questions and concerns on a timely basis.
• Knowledge of investor and loan program guidelines including but not limited to FHLMC, FNMA, FHA, VA, HELOC, various credit union real estate products and services as well as insurance companies.
• Able to read, analyze and comprehend common, technical and legal industry forms and documents specific to the real estate and credit union lending industry.
• Must be able to work with little supervision, possess efficient and accurate record organization, management and accountability skills necessary to work effectively under pressure to meet critical deadlines and make sound decisions.
• Communicate verbally, effectively and professionally with credit union officials, third party vendors, regulators and investors.
• Knowledgeable in credit union policy, practices and procedure.

Other Duties:

• Represent HCFCU in community events, as appropriate.
• Actively participate in credit union functions.
• Other duties as assigned.
• Bachelors’ Degree in Business and or 7-10 years’ experience in the real estate lending industry.
• NMLS License.
• Must possess effective written and verbal communication skills.
• PC knowledge, word processing, email, spreadsheet and other related applications.