Mortgage Underwriter I

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GENERAL FUNCTION:

Performs a wide range of duties related to the underwriting of residential mortgages. Renders an underwriting decision and subsequent clearing conditions to ensure credit guidelines are met.  Proactive in communicating the decision to the Loan Originator, as well as serving as a resource to Residential Mortgage personnel on any underwriting questions. Functions as escalation point for decisions requiring higher authority or unique problem solving to make the loan work.

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.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Utilize systems in place, including automated underwriting to underwrite files in a timely manner
• Underwrite conventional and portfolio loans within approved lending authority
• 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
• Provide feedback to other staff and loan officers
• Monitor quality levels to ensure adherence to standards
• Provide a high level of customer service to internal and external customers
• 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
• Maintain knowledge of Fifth Third Mortgage Company policies and procedures, in addition to private investors, and portfolio Credit Policy and Guidelines
• Consumer lending credit authority is commensurate with consumer lending authority guidelines and business need

SUPERVISORY RESPONSIBILITIES:

None

KNOWLEDGE & SKILLS REQUIRED:

• Knowledge of conventional underwriting guidelines
• Minimum of one (1) year experience in underwriting or two (2) years experience as a credit analyst
• Knowledge of the complete mortgage lending process
• High degree of attention to detail
• Knowledge of federal compliance regulations governing real estate lending
• Knowledge of financial analysis techniques
• Demonstrated leadership skills
• Proven computer skills
• Demonstrated organizational skills
• Demonstrated teamwork and customer service skills
• Ability to make decisions in a time sensitive manner

Mortgage Underwriter I

Total Base Pay Range 54,400.00 - 111,500.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

LOCATION -- Virtual, Michigan 00000

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association 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.