Mortgage Underwriter - Pittsburgh, PA

F.N.B. Corporation • Pittsburgh, PA

1d • Onsite

About The Position

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.

Requirements

• High School or GED
• 3 years of job-related experience
• 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

Nice To Haves

• Ability to use industry related software such as Desktop Underwriter, Loan Prospector, Clout, Zippy, eMagic, RMIC, MortgageBot, easyLender, etc.

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.
• Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Benefits

• A culture of teamwork.
• A history of success.
• A leading diversified financial services company.
• Offers a wide range of opportunities for individuals who want to grow their careers.
• The FNB team is a group of highly qualified professionals who work together to provide comprehensive financial solutions across our corporate footprint, which includes Pennsylvania, Ohio, Maryland, West Virginia, Virginia, North Carolina, and South Carolina.
• Consistent recognition as a best place to work and top workplace by our own employees symbolizes the outstanding culture we represent.
• Sign up for Job Alerts: A simple and easy way to stay up to date on career opportunities available.
• Interested in a career with FNB Corporation but not finding something that currently aligns with your interests, background, or experience? You now have the ability to sign up for job alerts through your candidate profile. To enroll you will need to create or sign into your candidate profile and select "job alerts". By enrolling in job alerts, you will receive email notifications as opportunities come available that match your selected interests.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED