Job Description

Position Summary
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.

Base Annual Salary Range: $70,600 - $90,825 per year
The posted range reflects the anticipated base pay for this position, with final compensation determined based on experience, skills, and internal equity.
Essential Duties:
• 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.
Minimum Qualifications and Experience
• 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.
Preferred Qualifications and Experience
• 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.).

Find your happy place. Hawaii State Federal Credit Union is more than a bank, and not just another credit union. We’re a place where “Always Right By You” isn’t just a tagline to those we serve, but a promise to our employees, who enjoy generous benefits, opportunities for career advancement and a healthy work-life balance. As an employee, you will be part of a team that values trust, encouragement, and the holistic experience of working together. HSFCU offers a dynamic and supportive work environment where employees can enjoy competitive compensation and one of the best benefits packages in the business.

Benefits:

• Competitive Compensation: HSFCU offers competitive pay, merit increases, and incentives.
• Health Coverage: We've got you covered: full-time employees receive 100% coverage for medical and dental premiums, plus 50% towards covering your family members. Pre-tax deductions for your Flexible Spending Plan can be added on as early as 6 months in.
• Paid Time Off: Enjoy 13 paid holidays each year, plus Election Day and up to 2 full days off for Community Service. Your hard work is rewarded with an increase in PTO accrual with every year you're employed.
• Retirement Savings: Contribute to a 401(k) plan with up to 10% employer contributions including a 6% match and profit sharing after your first year.
• Transportation Subsidy: We make your daily commute stress-free. Receive 100% bus pass reimbursement or up to $100 subsidy towards parking and Pre-Tax deductions.
• Health & Wellness: Access to wellness fairs, flu shot clinics, and on-site fitness centers.
• Additional Benefits: Flexible spending plans, credit union discounts, life, accident, and disability insurance.
• Growth Opportunities: HSFCU invests in employee development through in-person and online training programs, workshops, career development assistance, and tuition assistance. Employees are encouraged to further their education and unlock new opportunities.
• Work Environment: HSFCU’s modern headquarters prioritize a balance between wellness and productivity, offering a variety of amenities. The culture is inclusive, with a focus on teamwork and community, often described as an 'ohana' or family atmosphere.
• Employee Testimonials: Employees appreciate the supportive environment where everyone’s voice is heard and valued. The credit union has been recognized as one of Hawaii’s best places to work for over 15 years.