Collateral Analyst

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GENERAL FUNCTION:

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.

DUTIES AND 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

SUPERVISORY RESPONSIBILITIES:

None

KNOWLEDGE & SKILLS REQUIRED:

• 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

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. 

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.