Collateral Analyst

Fifth Third Bank • Virtual - Ohio, OH

7d • $54,400 - $111,500 • Remote

About The Position

Performs a wide range of duties related to the review of collateral for residential mortgages. Renders a collateral analysis and subsequent clearing conditions to ensure collateral guidelines are met for risk tiers I, II, and III for all products to include Conventional and Portfolio. Proactive in communicating the decision to the Loan Originator, Credit Underwriter, Processor, and another other necessary parties, as well as serving as a resource to Residential Mortgage personnel on Non-Government collateral related questions. Assists in training new hires. Functions as escalation point for tier I analysts collateral reviews requiring higher authority. 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.

Requirements

• Knowledge of Tier I, Tier II, Tier III UCDP Scoring requirements in addition to collateral guidelines as established by Fifth Third, FNMA and FHLMC
• Three (3) or more years of mortgage lending experience in origination and/or collateral analysis
• High degree of attention to detail
• Knowledge of federal lending regulations governing real estate lending
• Demonstrated leadership skills
• Proven computer skills
• Demonstrated organizational skills
• Demonstrated teamwork and customer service skills

Responsibilities

• Utilize systems in place to complete review of appraisals in a timely manner
• Complete collateral analysis on conventional and portfolio loans
• Manage expected service levels related to collateral decision and condition clearing
• Update property and related information in origination systems to verify, add, delete or waive conditions
• Contact Loan Originator, Processors, and Credit Underwriters with the decision on the loan immediately after collateral review
• Provide feedback to other staff and loan officers
• Review exception reports to ensure completion of all tasks
• Maintain current knowledge of USPAP

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed