CRA Loan Specialist

Fifth Third; Orlando (FL); On-site; USD 60,000 - 95,000; Full time

Benefits offered by this job

Benefits package

Incentive-based compensation

Job summary

Fifth Third Bank in Orlando, FL seeks a CRA Loan Specialist to originate residential 1st mortgage loans for branches and referrals, focusing on CRA products and low-to-moderate income communities. You will manage the loan from application to closing and support cross-selling across loan products.

This role requires SAFE Act registration (NMLS) and prior CRA mortgage sales experience; a strong local referral network is essential. Compensation is incentive-based with a base or draw plus benefits.

Qualifications

• High school diploma or equivalent required.
• Four-year college degree preferred.
• Knowledge of conventional and/or government lending guidelines.
• Knowledge of mortgage processing, underwriting, and closing procedures.
• Knowledge of federal lending regulations governing real estate lending.
• Two years CRA Mortgage sales experience.
• Established local referral sources.
• Existing mortgage sales of $700,000 per month+.

Responsibilities

• Develop CRA prospects and referral contacts (realtors, builders, professional and personal).
• Maintain knowledge of Fifth Third policies and loan products.
• Handle homebuyer seminars for CRA applicants.
• Manage loan pipeline from application to closing.
• Communicate progress with applicants and referrals.
• Attend Consumer Lending meetings.

Skills

CRA Sales

NMLS

Customer Service

Communication

Sales

Education

High School Diploma

Bachelor's degree preferred

Tools

LOMAS System

NMLS Portal

Job description

#LI-BP1 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.

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.
• Must have two years of CRA Mortgage sales experience.
• Must have an established book of local referral sources.
• Must have existing mortgage sales of $700,000 per month +.
• 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.

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 -- Orlando, Florida 32801

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.