Mortgage Underwriter

Primary Office Location:

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Position Title: Mortgage Underwriter 2

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 though 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, completeness and compliance with HUD, VA or USDA housing standards. Completes required Government forms (VA Notice of Value, FHA Conditional commitment, etc.). Takes action to resolve deficiencies such as per  agency standards and procedures.  Escalates issues to the Agencies as necessary for resolution.

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, Government Agency, Secondary market or Portfolio guidelines. Must maintaining a clear understanding of all product guidelines in order to determine qualification.  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.

Underwrites conventional, FHA, VA, USDA, and CRA loan products, as well as Employee Loans.  Maintains certifications as required by FHA/VA. Attends yearly training seminars and Web-X training relative to fraud detection, appraisal reports and all applicable underwriting standards. Identifies Secondary Market executions according to our Best Execution strategy.

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:

5

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:

Must have at least 1 Government certification (FHA CHUMS number of VA SAR designation).

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.