Mortgage Underwriter III

Fifth Third Bank, N.A. • United States, United States • 3w ago

Make banking a Fifth Third better®

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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

LI-RD1

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

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 69,800.00 - 143,100.00 USD Annual

LOCATION -- Virtual, Illinois 00000

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.

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