QC Mortgage Underwriter

Position Title: QC Mortgage Underwriter 

Business Unit: Mortgage Administration

Reports to: QC Mortgage Underwriter Manager

Position Overview:

Position responsible for reviewing underwriting (U/W), compliance, and investor guidelines for pre- and post-fund residential mortgages.  Requires knowledge base of regulatory and investor requirements and deciphering U/W activity.  Must understand the processes and procedures of most types of loans including understanding and being able to re-underwrite FNB portfolio mortgages.  Must have an ability to rebut findings within requirements and resolve issues.

Primary Responsibilities:

Conduct reviews of varied types of loans, confirming compliance with investor and regulatory requirements.

Conducts portfolio reviews and discretionary reviews to satisfy investor requirements.

Confirms the U/W of mortgages according to the appropriate GSE, agency, secondary market or portfolio guidelines and corporation policy while maintaining a clear understanding of all product guidelines in order to determine if a loan was appropriately decisioned and documented.

Confirms U/W of specialty loan program guidelines including CRA loan products, F.N.B.’s Private Banking  and Employee Loans.   

Reviews TRID requirements on timing, accuracy, disclosures and all applicable regulation.  Ensures compliance of files with all CFPB requirements.  Identifies other regulatory concerns and investigates

Reviews individual mortgage files as per product specific guidelines to evaluate correctness.  Understands a broad array of credit related information including repayment capacity, collateral valuations, credit histories, other banking relationships and regulatory impact in reviewing final credit decisions.

Produces results of QC reviews and identifies trending issues or areas of improvement and reports through monthly trackers.

Confirms all information for accuracy and completeness though validation of loan data against documentation provided.

Confirms tax return analysis to develop the self-employed borrower’s income according to appropriate FNB or investor guideline and regulatory criteria

Confirms that more complex issues noted on the appraisal report regarding the condition of the property are adequately addressed.

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   

Detail-oriented   

Ability to use industry related software such as Desktop Underwriter, Loan Prospector, Clout, Zippy, eMagic, Mortgage Builder, 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.