Mortgage Loan Originator

Fifth Third Bank • Brentwood, TN

4d

About The Position

The Mortgage Loan Originator performs a wide range of duties related to originating residential first-mortgage loans from outside referrals. The role is responsible for meeting management-defined mortgage sales and cross-selling objectives and for managing each residential mortgage loan from application through closing.

The position is accountable for managing risk in accordance with the Bank’s policies and risk appetite, raising concerns when appropriate, and supporting positive experiences for customers and colleagues. Compensation is largely incentive-based and is combined with either a base salary or a draw; incentive compensation depends on company, line-of-business, and/or individual performance.

Requirements

• High school diploma or equivalent.
• 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 communication skills.
• Demonstrated teamwork and customer service skills.
• Proven computer skills.
• Basic sales technique skills.
• Strong desire to excel in a competitive environment.
• S.A.F.E. Act registration through the Nationwide Mortgage Licensing System (NMLS) is required at the time of employment.

Nice To Haves

• Four-year college degree.

Responsibilities

• Develop referral contacts, including realtors, builders, and professional and personal contacts.
• Maintain knowledge of Fifth Third Mortgage Company policies and procedures.
• Maintain knowledge of available loan products, processing procedures, underwriting, and departmental guidelines.
• Follow defined protocols for escalating exceptions.
• Take applicant applications by completing Fannie Mae Form 1003 on a laptop.
• Use a laptop to communicate, access daily rates and applicant credit reports, review Loan Prospector responses, and transmit loans to LOMAS.
• Collect appropriate documentation from each applicant and deliver the loan package within management-defined time frames.
• Manage the pipeline for originated loans through closing and complete required management reports.
• Communicate timely updates and progress reports to branches and/or applicants.
• Maintain high levels of customer service while managing applicant and support-staff expectations.
• Attend and participate in Consumer Lending meetings as required by management.
• Identify, assess, manage, monitor, and report risks, and follow applicable policies and procedures.

Benefits

• Comprehensive benefits programs supporting employees’ and families’ physical, financial, emotional, and social well-being.
• Incentive-based compensation combined with either a base salary or a draw.

What This Job Offers

• Job Type: Full-time
• Education Level: High school or GED