Retail Lending Loan Underwriter

F.N.B. Corporation; Pittsburgh (Allegheny County); On-site; USD 55,000 - 75,000; Full time

Job summary

F.N.B. Corporation in Pittsburgh seeks a Retail Lending Loan Underwriter I to analyze new loan applications, assess risk and determine credit decisions in various lending channels.

You will verify information, collaborate with branches and processors, and ensure compliance with bank policies and regulatory requirements. The role emphasizes accuracy, customer service, and timely communication.

Minimum BA/BS and at least three years of underwriting experience are expected.

Qualifications

• BA or BS degree required.
• Minimum 3 years underwriting experience.
• Retail lending underwriting preferred.

Responsibilities

• Review loan applications to evaluate risk for consumers and small businesses.
• Verify data accuracy and completeness against documents.
• Ensure compliance with underwriting policies and regulations.
• Collaborate with loan processors and branches to enhance service.
• Analyze tax returns for self-employed borrowers.
• Make final approval decisions within allocated authority.
• Keep current on loan products and regulatory requirements.

Skills

Project management

Communication skills

Organizational skills

Analytical skills

Interpersonal skills

Customer service

Education

BA or BS degree

Tools

MS Word

MS Excel

MS PowerPoint

Job description

Primary Office Location:

626 Washington Place. Pittsburgh, Pennsylvania. 15219.

Join our team. Make a difference - for us and for your future.

Position Title: Retail Lending Loan Underwriter 1

Business Unit: Retail Lending

Reports To: Varies Based on Assignment

Position Overview: This position description covers underwriting positions for Direct, Indirect or Small Business Lending. This position is primarily responsible for new loan application analysis, underwriting and declination review noting that the importance of this function impacts long term company goals and objectives. The incumbent plays a major role in the acquisition of loan assets utilizing appropriate risk management discipline.

Primary Responsibilities

• Reviews loan applications from consumers and small businesses within the Bank’s delivery channels or directly through dealer channels to evaluate a degree of risk involved and determines the acceptance of applications. Verifies all application information for accuracy and completeness though validation of loan data against documentation provided.
• Pays appropriate attention to proper ordering of documentation to lessen the Bank’s potential risk of loss considering 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.
• Takes responsibility for compliance to Bank’s policies and procedures for underwriting loans depending on assignment. Complies with regulations regarding declinations and notification is sent within stated time frames.
• Develops partnerships with loan processors and Bank branch personnel to improve overall customer satisfaction. Maintains the customer relationships that were developed by the loan originators including Bank branch personnel and the Business Development and Underwriter.
• Performs tax return analysis to develop the self-employed borrower’s income. Obtains and compiles copies of loan applicants’ credit histories, corporate financial statements, tax returns, collateral valuations and other financial information. Reviews the appraisal report for accuracy and completeness.
• Takes responsibility for final approval of documents.
• Continually educates other Bank personnel on policy, credit risk tolerance and regulatory factors involving all relevant loan issues. Stays abreast of new types of loans and other financial services and products to better meet customers’ needs.
• Approves loans up to and including a set loan authority.
• 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 Education

• BA or BS

Minimum Years Experience

• 3

Special Skills

• Excellent project management skills
• Excellent communication skills, both written and verbal
• Excellent organizational, analytical and interpersonal skills
• Excellent customer service skills
• Ability to use a personal computer and job-related software
• MS Word - Basic Level
• MS Excel - Intermediate Level
• MS PowerPoint - Basic Level

Special Licenses and Certificates

• N/A

Physical Requirements

• 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.

FNB will not provide sponsorship for employment-based visas for this position; only candidates who are legally authorized to work in the U.S. will be considered.