Mortgage Underwriter 3

Position Title: Mortgage Underwriter 3

Business Unit: Credit

Reports to: Manager 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 to evaluate risk profile and determines acceptability. Considers a broad array of credit related information including; capacity, collateral, credit history, assets and other banking relationships. Ascertains if exceptions are warranted when weighed against compensating factors and considers unique scenarios that can arise with portfolio lending.

Verifies all applications for accuracy and completeness though validation of loan data against documentation. Responsible for compliance with corporation's policies and procedures for underwriting mortgage loans. Performs all required income analysis including complex corporate structures according to appropriate guidelines or regulatory criteria including the QM ATR rules.

Reviews the appraisal report for accuracy, completeness and compliance with FNB or investor standards. Takes action to resolve deficiencies in valuation or property standards. Escalates issues as necessary for resolution. Evaluate unique properties for compliance with FNB or investor property standards (Hobby farms, excess acreage, nonconforming usage, etc.)

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 standards. Must maintaining a clear understanding of all product guidelines. Communicate Loan dispositions and alternatives to Originators, Private Bankers, Wealth or other internal partners effectively and with guidance on proper loan structuring. Provides suitable counter offers when able. Must have a high focus on issue resolution.

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 all applicable underwriting standards.

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:

10

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, eMagic, MortgageBuilder, etc. preferred. Must have experience with Jumbo/Exception and Portfolio lending.

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.