Hawaii State Credit Union Underwrites Mortgages

In the past, the state's largest credit union has brokered members' mortgages to the Bank of Hawaii. Recently, however, Hawaii State Federal Credit Union has extended its services to underwriting mortgages, a change Andrew Rosen (president and CEO) explained would allow greater control over the underwriting. Rosen also feels it has the potential to increase flexibility and the overall likelihood of approval, stating  “Even if the mortgage doesn’t exactly meet the underwriting criteria for the bank, we might be able to do it."