Mortgage Underwriter III

Fifth Third Bank

1d•Remote

About The Position

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. 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. Renders underwriting decisions and subsequent clearing conditions to ensure credit guidelines are met. Proactive in communicating the decisions to the Loan Originators, as well as serving as a resource to Residential Mortgage personnel on underwriting questions. Ensures team follows determined workflow, thereby meeting service level agreements that have been identified. Responsible for not only ensuring productivity levels of the team are met, but also ensures credit quality meets all defined standards. Handles complex underwriting decisions requiring senior knowledge and/or unique problem 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 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.

Requirements

Must have five (5) years experience in Underwriting
In-depth knowledge of conventional, government and portfolio lending guidelines
FHA DE, VA LAPP preferred
Must have demonstrated ability to analyze complex loan requests including cash flow analysis of business and personal tax return
Knowledge of the complete mortgage lending process
Knowledge of financial analysis techniques
Previous management experience preferred
High degree of attention to detail
Demonstrated organizational skills
Demonstrated leadership skills
Strong written and verbal communications skills
Demonstrated teamwork and customer service skills
Strong PC skills (MS Office) required, must have experience with Mortgage origination systems, platforms tools and technology
Ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the level of risk desired
Ability to make decisions in a time sensitive manner

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 loan origination systems to verify, add, and satisfy conditions
Contact Loan Originators with the decision on the loan immediately after underwriting the file
Monitor quality levels 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 the accuracy of HMDA decision data entry
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
Consumer lending credit authority is commensurate with consumer lending authority guidelines and business need