CRA Loan Specialist

Fifth Third Bank, N.A.; Dayton (OH); On-site; USD 42,000 - 64,000; Full time

Job summary

Fifth Third Bank, National Association in Dayton, Ohio, is seeking a CRA Loan Specialist to originate residential 1st mortgage loans, focusing on CRA outreach and low-to-moderate income areas. You will manage the loan from application to closing, ensuring compliance and timely communication with applicants and referral sources.

The role emphasizes knowledge of mortgage products, underwriting guidelines, and CRA objectives, with SAFE Act/NMLS registration required.

Qualifications

• 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.
• Strong written and verbal communications skills.
• Demonstrated teamwork and customer service skills.
• Proven computer skills.
• Basic sales technique skills.
• Strong desire to excel in a competitive environment.
• S.A.F.E. Act registration is required at employment through 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 and general guidelines.
• Conduct and coordinate homebuyer-training seminars for CRA potential applicants.
• Handle employee loans and participate in Fifth Third-coordinated functions to promote employee loans.
• Follow defined protocol for escalation of exceptions.
• Take applicant applications by completing Fannie Mae form 1003.
• Utilize the laptop for communication and access to daily rates, credit reports, and Loan Prospector responses.
• Collect documentation and deliver loan package within set time frames.
• Manage pipeline for all originated loans through closing and complete reports.
• Provide timely updates to applicants and referral sources.
• Maintain high levels of customer service while managing expectations.
• Attend Consumer Lending meetings as required.

Skills

Lending knowledge

Credit knowledge

Customer service

Sales skills

Communication skills

Organizational skills

NMLS/SAFE Act registration

Computer skills

Education

High school diploma or equivalent

Four-year college degree preferred

Job description

Dayton, OH

Full time

R63547

Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

Performs a wide range of duties relating to the origination of residential 1st mortgage loans for branch offices and outside referrals. Meets standards and objectives defined by management for mortgage loan sales and cross-selling objectives. Focuses on selling CRA products and services, targeting low to moderate-income individuals and areas, as well as non-profit organizations. Assumes overall responsibility for the residential mortgage loan from application to closing. 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:

• 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 and general departmental guidelines.

• Conduct and coordinate homebuyer-training seminars for CRA potential applicants.

• Handle employee loans and participate in appropriate Fifth Third-coordinated functions to promote employee loans.

• Follow defined protocol for escalation of 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 in the time frames set by management.

• 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 each applicant*s and support staff*s expectations.

• Attend and participate in all Consumer Lending meetings as required by management.

• This position requires SAFE Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS).

MINIMUM KNOWLEDGE AND SKILLS REQUIRED:

• 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.

• Strong written and verbal communications skills.

• Demonstrated teamwork and customer service skills.

• Proven computer skills.

• Basic sales technique skills.

• Strong desire to excel in a competitive environment.

• This position requires S.A.F.E. Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS). The NMLS web site (mortgage.nationwidelicensingsystem.org) provides the MU4R questions and registration required for employment in this position.

CRA Loan Specialist

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

Compensation for this position is largely incentive-based. Incentive compensation is combined with either a base salary or a draw to determine total cash compensation, and incentive compensation is based upon company, line of business and/or individual performance. More information can be obtained upon request.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Dayton, Ohio 45402

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.

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.