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GENERAL FUNCTION:
Performs a wide range of duties related to the underwriting of residential mortgage loans. May also be responsible for the leadership of an underwriting team. Renders underwriting decisions and subsequent clearing conditions to ensure credit guidelines are met. Proactive in communicating the decisions to the Loan Originators, as well as serving as a resource to Residential Mortgage personnel on underwriting questions. Ensures team follows determined workflow, thereby meeting service level agreements that have been identified. Responsible for not only ensuring productivity levels of the team are met, but also ensures credit quality meets all defined standards. Handles complex underwriting decisions requiring senior knowledge and/or unique problem solving abilities.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Utilize all systems in place, including automated underwriting to underwrite files in a timely manner
Underwrite conventional, portfolio loans, and FHA/VA loans
Underwrite simultaneous second lien/home equity loans in appropriate origination system, within
approved RCC lending authority
Manage expected service levels related to decision and condition clearing
Update information on loan origination systems to verify, add, and satisfy conditions
Contact Loan Originators with the decision on the loan immediately after underwriting the file
Monitor quality levels to ensure adherence to standards
Ensure team is providing a high level of customer service to internal and external customers
Determine success rate of meeting certain benchmarks, and update required team performance reports
Retrieve, review, distribute, and discuss reports related to the underwriting team
Monitor compliance issues, including that all team members attend required meetings and that all
staff are in compliance with state and federal regulations
Provide feedback to other staff and loan officers
Demonstrate leadership skills as a team player by providing superior customer service, being
flexible and approachable
Responsible for the accuracy of HMDA decision data entry
Serve as an intermediary for loan issues with the Regional Sales Managers
Actively participate in ongoing efforts to continually improve customer service for internal and
external customers
Perform personnel tasks for the team such as time sheets, coaching, and identifying training
needs
Assist in training new hires
Maintain knowledge of Fifth Third Mortgage Company policies and procedures in addition to private investors, government investors and portfolio Credit Policy and Guidelines
Consumer lending credit authority is commensurate with consumer lending authority guidelines and business need
MINIMUM KNOWLEDGE, SKILLS & ABILITIES REQUIRED:
Must have five (5) years experience in Underwriting
In-depth knowledge of conventional, government and portfolio lending guidelines FHA DE, VA LAPP preferred
Must have demonstrated ability to analyze complex loan requests including cash flow analysis of business and personal tax return
Knowledge of the complete mortgage lending process
Knowledge of financial analysis techniques
Previous management experience preferred
High degree of attention to detail
Demonstrated organizational skills
Demonstrated leadership skills
Strong written and verbal communications skills
Demonstrated teamwork and customer service skills
Strong PC skills (MS Office) required, must have experience with Mortgage origination systems, platforms
tools and technology
Ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the level of risk desired
Ability to make decisions in a time sensitive manner
Mortgage Underwriter III
Total Base Pay Range 71,100.00 - 145,900.00 USD Annual
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Virtual, Arizona 00000
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
