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Fifth Third Bank

Mortgage Underwriter II

Fifth Third Bank - Cincinnati, OH

Job Location: Fifth Third Bank, Cincinnati, OH, 45217, USA

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Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike. **We employ about 18,000 people, and what we offer is:** * A chance for employees to build their future, with supportive career development and financial wellness programs. * An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree. * An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting. It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member. Mortgage Banking at Fifth Third Bank encompasses three sales channels # Retail, Direct and Correspondent. It also includes the operations side, with three major Fulfillment Centers in Cincinnati, Ohio; Grand Rapids, Michigan; and Chicago, Illinois. We offer many different mortgage loan options, and our customers look to us when they are thinking about buying a new home, building their dream home, refinancing their existing home, or exploring options for downsizing. Additionally, the Fifth Third partners with the Community College Foundation to bring the Financial Empowerment eBus to our communities. This bus is retrofitted as a mobile classroom that hits the streets to provide financial education on important topics including homeownership. We also play a key role in supporting homeownership by offering refinancing and modification opportunities. **GENERAL FUNCTION:** Performs a wide range of duties related to the underwriting of residential mortgage loans. May also be responsible for the leadership of an underwriting team.Rendersunderwritingdecisionsandsubsequentclearingconditionstoensurecreditguidelines are met. Proactive in communicating the decisions to the Loan Originators, as well as serving as a resource to Residential Mortgage personnel on underwritingquestions.Ensuresteamfollowsdeterminedworkflow,therebymeetingservicelevelagreements that have been identified. Responsible for not only ensuring productivity levels of the team are met, but also ensures credit quality meets all definedstandards.Handlescomplexunderwritingdecisionsrequiringseniorknowledgeand/oruniqueproblem solving abilities. 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 ensuresthatactions 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:** .Utilize all systems in place, including automated underwriting to underwrite files in a timely manner. .Underwrite conventional, portfolio loans, and FHA/VA loans. Underwrite simultaneous second lien/home equity loans in appropriate origination system, within approved RCC lending authority. .Manage expected service levels related to decision and condition clearing. .Update information on processing and underwriting systems to verify, add, delete or waive conditions. .Contact Loan Originators with the decision on the loan immediately after underwriting the file. .Monitor quality levels of each underwriter to ensure adherence to standards. .Ensure team is providing a high level of customer service to internal and external customers. .Determine success rate of meeting certain benchmarks, and update required team performance reports. .Retrieve, review, distribute, and discuss reports related to the underwriting team. .Monitor compliance issues, including that all team members attend required meetings and that all staff are in compliance with state and federal regulations. .Provide feedback to other staff and loan officers. .Demonstrate leadership skills as a team player by providing superior customer service, being flexible and approachable. .Responsible for appropriate section of HMDA Worksheet. .Review exception reports to ensure completion of all tasks. .Serve as an intermediary for loan issues with the Regional Sales Managers. .Actively participate in ongoing efforts to continually improve customer service for internal and external customers. .Perform personnel tasks for the team such as time sheets, coaching, and identifying training needs. .Assist in training new hires. .Maintain knowledge of Fifth Third Mortgage Company policies and procedures in addition to private investors, government investors and portfolio Credit Policy and Guidelines. .This position requires SAFE Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS). Consumer lending credit authority is commensurate with consumer lending authority guidelines and business need. **SUPERVISORY RESPONSIBILITIES:** Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential andprovidechallengingopportunitiesthatenhanceemployeecareergrowth;developingtheappropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments. Fifth Third Bank 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. MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Four year degree or equivalent experience required. Must have five (5) years experience in Underwriting. In-depth knowledge of conventional, governmentandportfoliolendingguidelines.FHADE,VALAPPpreferred.Must have demonstrated ability to analyze complex loan requests including cash flow analysis of business and personal tax returns. Knowledge of the complete mortgagelendingprocess.Knowledgeoffinancialanalysistechniques.Previousmanagementexperiencepreferred. High degree of attention to detail. Demonstrated organizational skills. Demonstrated leadership skills. Strong written and verbal communicationsskills.Demonstratedteamworkandcustomerserviceskills. StrongPC skills(MS Office)required, musthave experience with Mortgage origination systems, platforms tools and technology. Ability to analyze policies, procedures and guidelines in a way thatmaximizesproductivitybutprotectsthelevel ofrisk desired.Ability tomake decisions in a time **WORKING CONDITIONS:** .Normal office environment with little exposure to dust, noise, temperature and the like. .Extended viewing of CRT screen. .Must be able to lift up to 20 lbs. .Repetitive use of the keyboard.

2 days 13 hours ago

Fifth Third Bank


Mortgage Underwriter II Fifth Third Bank - Cincinnati, OH, United States


Location: Cincinnati, OH

Company Profile:
Fifth Third Bank is The curious bank. We are one of the top-performing banks in the country with a more-than-150-year heritage of success that comes from living up to our promise of listening to our customers and inspiring them with smart financial solutions. We are about: Fifth Third Bank, Member FDIC. Fifth Third Bank is proud to be an affirmative action/equal opportunity employer. M/F/D/V Specialties Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors