Manager of Mortgage Underwriting

First National Bank Of Pennsylvania•Pittsburgh, PA

11d

About The Position

The Manager of Mortgage Underwriting oversees the Residential Mortgage Underwriting area and maintains expertise in conventional, government, and Portfolio loan programs. The role monitors the daily activities and loan quality of the underwriting staff, provides training on products, programs, and procedures, and helps ensure departmental processes and policies are current and effective. The manager supervises underwriters and the Mortgage Underwriting Supervisor, assists with management of Appraisal Coordinators, and handles underwriting staff matters including hiring and participation in annual reviews. The role works with the Residential Mortgage Credit Officer and other teams on loan quality, policy reviews, exceptions, new product deployment, audits, and regulatory findings. It also supports Mortgage Loan Originators with loan structuring, guidelines, commitment conditions, loan programs, and qualification questions, and represents FNB with agencies and regulators as needed. All employees are responsible for serving as risk managers by understanding, reporting, responding to, managing, and monitoring risks in accordance with F.N.B. Corporation’s risk management program. Compliance with regulatory requirements and company procedures is required. FNB does not provide employment-based visa sponsorship; applicants must be legally authorized to work in the United States.

Requirements

High school diploma or GED.
At least 10 years of job-related experience.
Excellent organizational, analytical, and interpersonal skills.
Excellent written and verbal communication skills.
Detail-oriented.
Ability to use general office equipment.
Ability to use a personal computer and job-related software.
Basic-level Microsoft Word skills.
Basic-level Microsoft Excel skills.
Basic-level Microsoft PowerPoint skills.
FHA Direct Endorsed Underwriter licensure/certification.
Staff Appraisal Reviewer for Veterans Administration (LAAP) licensure/certification.
Legally authorized to work in the United States; employment-based visa sponsorship is not provided.

Responsibilities

Oversee the Residential Mortgage Underwriting area and maintain expertise in conventional, government, and Portfolio loan programs.
Supervise daily activities of Underwriters and the Mortgage Underwriting Supervisor, and assist with management of Appraisal Coordinators.
Manage Underwriter personnel matters, including hiring and participating in preparation of annual reviews.
Monitor Underwriter loan quality with the Residential Mortgage Credit Officer.
Maintain accreditation in loan programs such as DE and SAR, and attend continuing education as required to achieve or maintain accreditation.
Cross-train in other credit products, such as Commercial and Home Equity, for personal advancement.
Maintain a thorough understanding of underwriting for various loan products.
Conduct regular Underwriting Staff meetings to review guideline revisions and compliance changes.
Work with the Residential Mortgage Credit Officer, Compliance, Legal, and New Product Development teams as needed to deploy new products.
Develop and ensure departmental process flow and update Underwriting Procedures as necessary.
Review policies annually with the Residential Mortgage Credit Officer.
Monitor the Residential Mortgage Underwriting exceptions box and act on exception requests, making determinations or obtaining appropriate authority.
Review and perfect exception reporting for RCPC.
Assist Mortgage Loan Originators with deal structuring, guidelines, commitment conditions, loan programs, and qualification questions.
Work with the Residential Mortgage Credit Officer to respond to audits and regulatory findings.
Represent FNB with agencies and regulators as necessary.
Perform other duties and projects as assigned that require underwriting skills and insight.
Serve as a risk manager by understanding, reporting, responding to, managing, and monitoring risks in accordance with the company risk management program.
Comply with applicable regulatory laws and company procedures.