Senior Mortgage Loan Originator

Fifth Third Bank • Virtual - Alabama, AL

2d • Remote

About The Position

Performs a wide range of duties relating to the origination of residential first mortgage loans and meets management standards and objectives for mortgage loan sales and One Bank partnership objectives. The Senior Mortgage Loan Originator is responsible for the residential mortgage loan from application through closing and works with sales leadership to develop and educate an assigned Mortgage Loan Consultant on the mortgage loan business. The senior designation requires alignment with a Mortgage Loan Consultant.

The role is accountable for managing risk, following policies and procedures, raising concerns, and supporting positive experiences for customers and colleagues. It requires developing referral relationships, managing loan applications and pipelines, and providing customer and branch updates. The position also participates in sales meetings, training, and cross-business referrals. It is located virtually in Alabama.

Compensation is largely incentive-based and is combined with either a base salary or a draw. Incentive compensation may be based on company, line of business, and/or individual performance. Fifth Third offers comprehensive benefits intended to support employees and their families’ physical, financial, emotional, and social well-being.

Requirements

• High school diploma or equivalent is mandatory.
• 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.
• Teamwork and customer service skills, with a passion for helping develop and train entry-level talent.
• 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 is required at the time of employment.

Nice To Haves

• Four-year college degree preferred.
• Three to five years of origination experience at Fifth Third or a similar institution preferred.
• Prior-calendar-year closed-loan production or unit volume in the top 25% preferred, along with a proven record of exceptional performance such as top-tier scorecard performance.
• Advanced proficiency and consistent adoption of Total Expert and other origination or lead-generation systems.

Responsibilities

• Develop sustainable and consistent referral relationships with realtors, builders, and professional and personal contacts.
• Maintain knowledge of mortgage policies, loan products, processing procedures, underwriting guidelines, and departmental requirements; complete required training on time.
• Work with senior leadership to coach and train the assigned Mortgage Loan Advisor on developing and sustaining internal and external referral sources.
• Educate the assigned Mortgage Loan Advisor on the components of the mortgage loan originator role, including agency and portfolio guidelines, processing, underwriting, closing, and pricing procedures.
• Help the Mortgage Loan Advisor develop the skills needed to facilitate loans from origination through closing.
• Follow defined protocols for escalating exceptions.
• Take loan applications by completing the URLA on a laptop.
• Use available technology and support for communications, daily rates, applicant credit reports, loan-file origination, and submission of files to operations.
• Collect appropriate applicant documentation and deliver loan packages within management-established time frames.
• Manage the pipeline of originated loans through closing and complete required management reports.
• Provide timely updates and status reports to branches and/or applicants.
• Maintain high customer service while managing applicant and Fifth Third expectations.
• Attend and participate in Mortgage and Consumer Lending sales meetings, calls, and training as required by management.
• Collect loan application fees in accordance with policy.
• Participate in One Bank by making appropriate referrals to other lines of business.
• Manage risk by identifying, assessing, monitoring, and reporting risks while following bank policies and procedures.

Benefits

• Comprehensive benefits programs supporting employees and their families’ physical, financial, emotional, and social well-being.
• Incentive-based compensation combined with either a base salary or a draw; incentive compensation may be based on company, line of business, and/or individual performance.

What This Job Offers

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