Mortgage Loan Originator

Fifth Third; Willoughby (OH); On-site; USD 45,000 - 75,000; Full time

Job summary

Fifth Third Bank in Willoughby, Ohio is seeking a Mortgage Loan Originator to originate residential loans for outside referrals, manage the full loan lifecycle from application to closing, and uphold risk and customer experience standards. You will develop referral networks, maintain product knowledge, and communicate effectively with branches while meeting sales goals.

The role emphasizes risk management, adherence to policies, and delivering timely updates to customers and staff within a

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.
• S.A.F.E. Act registration required via NMLS.

Responsibilities

• Develop referral contacts (realtors, builders, professional/personal contacts).
• Maintain knowledge of policies, procedures, loan products, processing, underwriting and guidelines.
• Follow protocol for escalation exceptions.
• Take applicant applications using Fannie Mae Form 1003 on laptop.
• Use laptop for daily rates, credit reports, Loan Prospector responses and transmitting loans to LOMAS.
• Collect documents and deliver loan packages within management timeframes.
• Manage pipeline through closing and complete reports.
• Provide timely updates to branches/applicants.
• Maintain high levels of customer service and manage expectations.
• Attend Consumer Lending meetings as required.

Skills

Organizational skills

Written and verbal communication

Teamwork

Customer service

Sales techniques

S.A.F.E. Act registration

Education

High school diploma or equivalent

Bachelor's degree preferred

Tools

LOMAS

Fannie Mae 1003 MU4R

NMLS system

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. 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 outside referrals. Meets standards and objectives defined by management for mortgage loan sales and cross-selling objectives. 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 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. 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 in the time frames set by management. Manage pipeline for all originated loans through closing and complete required management reports. Communicate with branches and/or applicants of 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.

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.

COMPENSATION AND BENEFITS:

Mortgage Loan Originator 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 -- Willoughby, Ohio 44094

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.