CRA Loan Specialist

Fifth Third Bank, National Association; Livonia (MI); On-site; USD 60,000 - 85,000; Full time

Job summary

Fifth Third Bank in Livonia, MI seeks a CRA Loan Specialist to originate residential 1st mortgage loans for branches and referrals. You will manage the loan from application to closing, emphasizing CRA products for low-to-moderate income and nonprofit clients.

The role requires knowledge of lending guidelines, strong communication skills, and ability to handle documentation and risk responsibly. Compensation includes incentive-based pay with comprehensive benefits.

Qualifications

• High school diploma or equivalent required.
• A four-year college degree is preferred.
• Knowledge of conventional and/or government lending guidelines and processes.

Responsibilities

• Develop CRA prospects and referral contacts (realtors, builders, professionals, and personal contacts).
• Maintain knowledge of Fifth Third Mortgage Company's policies and procedures.
• Understand loan products, processing procedures, underwriting, and guidelines.
• Conduct homebuyer-training seminars for CRA applicants.
• Assist employee loans and participate in bank-coordinated functions.
• Follow protocol for escalation of exceptions.
• Take loan applications using Fannie Mae Form 1003 on a laptop.
• Use laptop for communications, daily rate access, credit reports, and LOS transfer.
• Collect documentation and deliver loan packages within set timeframes.
• Manage loan pipeline from origination to closing and complete reports.
• Provide timely updates to applicants and referral sources.
• Maintain high levels of customer service and manage expectations.
• Attend Consumer Lending meetings as required.

Skills

Written communication

Verbal communication

Organizational skills

Computer skills

Sales skills

Education

High school diploma

4-year college degree (preferred)

Tools

Laptop

Job description

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 -- Livonia, Michigan 48150

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.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step? 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.