CRA Loan Specialist at Fifth Third Bank

Atlanta, Georgia, United States

Apply Now

Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, MortgageIndustries

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
Demonstrated organizational skills
Knowledge of Fannie Mae form 1003
Ability to utilize a laptop for communication and accessing loan information (Loan Prospector, LOMAS)

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
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, providing timely updates and progress reports
Maintain high levels of customer service
Attend and participate in Consumer Lending meetings as required
Obtain SAFE Act registration through the Nationwide Mortgage Licensing System (NMLS) at the time of employment

Skills

Key technologies and capabilities for this role

CRA LendingMortgage OriginationFannie Mae 1003Loan ProspectorLOMASMortgage UnderwritingMortgage ProcessingFederal Lending RegulationsGovernment Lending Guidelines

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 does it require working in an office?

This information is not specified in the job description.

What skills are required for this CRA Loan Specialist role?

Required skills include demonstrated organizational skills, knowledge of Fannie Mae form 1003, and ability to utilize a laptop for communication and accessing loan information like Loan Prospector and LOMAS.

What education is needed for this position?

A high school diploma or equivalent is mandatory, with a four-year college degree preferred.

What makes a strong candidate for the CRA Loan Specialist role?

Strong candidates will have knowledge of conventional and government lending guidelines, residential mortgage processing, underwriting, closing procedures, and federal lending regulations, along with organizational skills and the ability to develop prospects and maintain 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.

Land your dream remote job 3x faster with AI

Try Jobo Free