Construction Loan Specialist

Position Title:Construction Loan Specialist 1

Business Unit:Mortgage Administration

Reports to:Manager of Construction Loan Servicing

Position Overview:

This position is primarily responsible for managing the construction loan disbursement process on residential construction loans, to include independently managing the project budget. The incumbent is responsible for approving loan disbursement requests submitted by borrowers during the construction phase, verifying information supplied by the builder, approving the builder to be placed on the F.N.B. Approved Builder list and preparing the loan modification documents at the completion of construction.

Primary Responsibilities:

Reviews and verifies builder information in order to be included on either the F.N.B. Regular Approved list or F.N.B. Preferred Approved list. Analyzes builder assets, liabilities and references to determine potential risk to the borrower and to the corporation.

Reviews and approves construction loan disbursement requests for projects of $1MM or less made by the borrower or builder. Evaluates if the requested amount is reasonable based on the appraiser's report on work completed. Collaborates closely with the borrower, builder, appraiser, and other parties during the construction phase to ensure a smooth process. Manages the project budget and has the authority to approve, modify, or deny draw requests based on their evaluation.

Prepares the loan for modification at the end of construction by preparing the modification agreement, calculating the unpaid principal loan balance, determining the amount necessary to satisfy escrow requirements, calculating the interest due and the due date for the next payment.

Develops and creates essential construction loan documents when existing templates are not suitable. This involves customizing payout schedules, indemnification agreements, and other specialized documents required by the unique circumstances of the building project.

Initiates or approves wire transfers for the department as needed. May cut checks or approve wire transfers for approved construction loan disbursements. Manages and enters 1099 information into Fiserv Premier for disbursements made to contractors by keeping records of all disbursements made to contractors.

Assists in creation and modification of residential mortgage construction programs and products.

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:

0

Skills Required to Perform the Primary Responsibilities of this Position:

Detail-oriented

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 - Basic Level

MS PowerPoint - Basic Level

Continuing education relative to state and local building codes

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 FNB not to discriminate against any employee or applicant for employment because of his or her race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, or status as a protected veteran. FNB provides all applicants and employees a discrimination and harassment free workplace.