Primary Office Location:
626 Washington Place. Pittsburgh, Pennsylvania. 15219.Join our team. Make a difference - for us and for your future.
Position Title: Mortgage Underwriter 1
Business Unit: Credit
Reports to: Supervisor of Mortgage Underwriting
Position Overview:
This position is primarily responsible for underwriting and approving residential mortgage loan applications and declination review, noting that the importance of this function impacts long-term company goals and objectives. The incumbent pays appropriate attention to proper ordering of documentation to lessen the corporation's potential risk of loss. The incumbent plays a major role in the acquisition of loan assets utilizing appropriate risk management discipline.
Primary Responsibilities:
Reviews individual loan applications as per product specific guidelines to evaluate a degree of risk involved and determines the acceptance of applications and considers a broad array of credit related information including repayment capacity, collateral valuations, credit histories, other banking relationships and regulatory impact in reaching final credit decisions.
Verifies all application information for accuracy and completeness through validation of loan data against documentation provided. Responsible for compliance with corporation's policies and procedures for underwriting mortgage loans. Performs income analysis to calculate wages or self-employed income according to appropriate guideline or regulatory criteria.
Reviews the appraisal report for accuracy, compliance and completeness requesting revisions as necessary. Identifies more complex issues noted on the appraisal report regarding the condition of the property and takes steps necessary to resolve those issues such as inspections by qualified contractors, escrowing funds for repairs. When necessary, submits the loan for Mortgage Insurance.
Complies with regulations regarding approvals and declinations and notifies MLO and Processing partners within stated time frames for Regulatory B Compliance. Ensures the accuracy of HMDA data and FCRA and ECOA decision reasons on adverse actions.
Underwrites loan applications according to the appropriate GSE, Secondary Market or Portfolio guidelines and corporation policy while maintaining a clear understanding of all product guidelines in order to determine if a loan qualifies as presented. Advises the Loan Originator on proper loan structuring in order to qualify for a program or provides suitable counter offers when able.
Approves loans up to and including a set loan authority and escalates for higher level authority as necessary conforming to lending authority approval limits.
Attends yearly training seminars and Web-X training relative to fraud detection, appraisal reports and secondary market underwriting guidelines.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum Level of Education Required to Perform the Primary Responsibilities of this Position:
High School or GED
Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position:
3
Skills Required to Perform the Primary Responsibilities of this Position:
Excellent project management skills
Excellent communication skills, both written and verbal
Excellent organizational, analytical and interpersonal skills
Ability to use general office equipment
Ability to use a personal computer and job-related software
MS Word - Basic Level
MS Excel - Intermediate Level
MS PowerPoint - Basic Level
Ability to use industry related software such as Desktop Underwriter, Loan Prospector, Clout, Zippy, eMagic, RMIC, MortgageBot, easyLender, etc. preferred.
Licensures/Certifications Required to Perform the Primary Responsibilities of this Position:
N/A
Physical Requirements or Work Conditions Beyond Traditional Office Work:
N/A
Equal Employment Opportunity (EEO):
It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace.
FNB will not provide sponsorship for employment-based visas for this position; only candidates who are legally authorized to work in the U.S. will be considered.