CRA Mortgage Originator
M&T BankSalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, MortgageIndustries
Requirements
- High school diploma or equivalent mandatory
- Four-year college degree preferred
- Minimum of two years of mortgage lending experience
- Established local book of referral sources
- Existing mortgage sales of $1 million per month
- 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
- Strong written and verbal communications skills
- Demonstrated teamwork and customer service skills
- Proven computer skills
- Basic sales technique skills
Responsibilities
- Develop 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
- Follow defined protocol for escalation exceptions
- Take 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 established timeframes
- Manage pipeline for all originated loans through closing and complete required management reports
- Communicate with branches and/or applicants, 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 Mortgage Loan Originator position?
This information is not specified in the job description.
Is this Mortgage Loan Originator role remote or office-based?
This information is not specified in the job description.
What are the key requirements for the Mortgage Loan Originator role?
Candidates need a minimum of two years of mortgage lending experience, an established local book of referral sources, existing mortgage sales of $1 million per month, and knowledge of lending guidelines, regulations, and mortgage processes. Strong communication, organizational, teamwork, customer service, computer, and sales skills are also required.
What is the company culture like at Fifth Third Bank?
The company focuses on connecting great people to great opportunities and emphasizes risk management through openly exchanging ideas, elevating concerns, and following policies while achieving results by managing risks.
What makes a strong candidate for the Mortgage Loan Originator position?
A strong candidate will have at least two years of mortgage lending experience, an established local referral network, proven sales of $1 million per month in mortgages, and solid knowledge of lending guidelines and regulations, along with excellent communication and customer service skills.
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.
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