CRA Mortgage Originator
M&T BankSalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Mortgage, Financial ServicesIndustries
Requirements
- High school diploma or equivalent mandatory
- Four-year college degree preferred
- Knowledge of conventional and/or government lending guidelines
- Knowledge of residential mortgage processing, underwriting, and closing procedures
- Knowledge of federal lending regulations governing real estate lending
- Must have two years of experience in mortgage lending
- SAFE Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS)
Responsibilities
- Develop CRA prospects & referral contacts (realtors, builders, professional and personal contacts)
- Maintain knowledge of Fifth Third Mortgage Company’s policies and procedures
- Maintain knowledge of available loan products, processing procedures, and underwriting guidelines
- Conduct and coordinate homebuyer-training seminars for CRA potential applicants
- Handle employee loans and participate in appropriate Fifth Third-coordinated functions
- Follow defined protocol for escalation of exceptions
- Handle applicant applications by completing Fannie Mae form 1003 on the laptop
- Utilize the laptop for communication and access of daily rates, applicant credit reports, Loan Prospector responses, and transmitting the loan to LOMAS
- Collect appropriate documentation from each applicant and deliver loan package within specified timeframes
- Manage pipeline for all originated loans through closing and complete required management reports
- Communicate with applicants and/or referral sources by providing timely updates and progress reports
- Maintain high levels of customer service while managing applicant and support staff expectations
- Attend and participate in all Consumer Lending meetings as required by management
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary for the CRA Loan Specialist position?
This information is not specified in the job description.
Is this a remote position or is there a required location?
This information is not specified in the job description.
What skills and experience are required for this role?
Requirements include two years of experience in mortgage lending, knowledge of conventional and/or government lending guidelines, residential mortgage processing, underwriting, and closing procedures, and knowledge of federal lending regulations. A high school diploma is mandatory, with a four-year college degree preferred, and SAFE Act registration through NMLS is required at employment.
What are Fifth Third Bank's core values?
The company's values emphasize being accountable for always doing the right thing for customers and colleagues, ensuring a positive customer experience, and managing risks effectively.
What makes a strong candidate for the CRA Loan Specialist role?
Strong candidates will have two years of mortgage lending experience, knowledge of lending guidelines, mortgage processing, and federal regulations, plus SAFE Act registration. A college degree is preferred, along with skills in developing prospects, managing loan pipelines, and delivering high customer service.
Fifth Third Bank
Provides banking, loans, and wealth management services
About Fifth Third Bank
Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.
Cincinnati, OhioHeadquarters
1858Year Founded
IPOCompany Stage
Social Impact, Financial ServicesIndustries
10,001+Employees
Benefits
Health Insurance
Paid Sick Leave
Paid Holidays
Performance Bonus
Flexible Work Hours
Risks
Rising interest rates may decrease demand for loans and mortgages.
Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.
Sophisticated cybersecurity threats pose risks to customer data and trust.
Differentiation
Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.
The bank emphasizes community engagement and financial education for client empowerment.
It provides a wide range of insurance products, including life, health, and disability.
Upsides
Increased demand for digital banking boosts Fifth Third Bank's online service offerings.
Partnerships with fintech enhance technological capabilities and customer experience.
Growing interest in sustainable finance attracts environmentally conscious customers.
Related Jobs
RemoteRemoteSenior Credit Risk Manager, Student Loan
EarnestSalary not specified
- Full Time
- Senior (5 to 8 years)
RemoteLoan Originator
WealthfrontSalary not specified
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)
RemoteLoan Processor
WealthfrontSalary not specified
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)
RemoteMortgage Underwriter
TomoSalary not specified
RemoteFunding Specialist
Forward FinancingSalary not specified
RemoteSigning & Funding Coordinator
HometapSalary not specified
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)