Sr CRA Loan Specialist at Fifth Third Bank

Nashville, Tennessee, United States

Fifth Third Bank Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Mortgage, Financial ServicesIndustries

Requirements

  • Strong knowledge of mortgage lending practices
  • Ability to sell CRA products and services effectively
  • Familiarity with Fannie Mae form 1003
  • Proficiency in using loan origination systems (LOMAS)
  • Excellent communication and interpersonal skills
  • Ability to manage pipelines and meet deadlines
  • Understanding of Fifth Third Mortgage Company policies and procedures
  • Knowledge of real estate trade associations and nonprofit partners

Responsibilities

  • Leading internal and external sales and partnership meetings
  • Assisting CRA MLO colleagues with general loan support and business development
  • Membership in real estate trade association and/or nonprofit partners board or committee involvement
  • Maintaining and growing internal relationships with Membership Advantage, Community Economic Development team, Business Resource Groups and Financial Center One Bank Teams
  • Developing and maintaining CRA prospects & referral contacts (realtors, builders, professional and personal contacts)
  • Acting as a peer mentor for newly hired CRA MLOs
  • Maintaining knowledge of available loan products, processing procedures, and underwriting guidelines
  • Conducting and coordinating homebuyer-training seminars
  • Handling employee loans and participating in Fifth Third-coordinated functions to promote employee loans
  • Following defined protocol for escalation of exceptions
  • Collecting appropriate documentation from applicants and delivering loan packages within established timeframes
  • Managing loan pipelines through closing and completing required management reports
  • Communicating with applicants and referral sources, providing timely updates and progress reports
  • Maintaining high levels of customer service
  • Attending and participating in Consumer Lending meetings as required

Skills

Mortgage Lending
CRA Products
Fannie Mae 1003
LOMAS
Loan Origination Systems
Pipeline Management
Risk Management
Customer Service
Sales
Communication 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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