Mortgage Processor III-California

Posted 20 Days Ago
Be an Early Applicant
Hiring Remotely in California, USA
Remote
45K-86K Annually
Mid level
Fintech
The Role
Processes and underwrites residential mortgage loans across conventional, government, portfolio, and complex programs. Reviews documentation, calculates income, analyzes assets and liabilities, validates automated underwriting decisions, clears conditions, maintains accurate loan data, and manages pipelines through closing. Communicates with borrowers, originators, underwriters, and internal teams; resolves escalations, mentors new hires, supports workload balancing, and ensures compliance with lending guidelines and regulations.
Summary Generated by Built In

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GENERAL FUNCTION:

Critical Customer facing position performs a wide range of duties related to the processing and underwriting of residential mortgage loans. Maintains contact with external and internal customers to ensure workflow and deadlines are met. Assumes responsibility as the point person and coordinates processing the loan file from the time that it is received in Fulfillment until final disposition. Proactively communicates status on the loan with both the borrower and the Mortgage Loan Originator and manages process flow and deliverables to meet the Customers expected closing date. Responsible for updating the file and file notes as the loan progresses through Fifth Third Bank's loan origination system. Takes role within the team and conducts peer training and mentoring for new hires. Handles escalated problems and issues requiring an advanced level knowledge.


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 Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.


ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Manage a pipeline of conventional, government, and/or portfolio loans.  Processing all loan types which may include conventional, FHA, VA, Bond, USDA, special programs, self-employed, and complex loan types.
  • Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines.
  • Validate automated underwriting decision per delegated authority.
  • Maintain high level of customer service by being proactive in communicating with the borrowers and loan originators.
  • Ensure accurate, complete, and timely loan data on processing system.
  • Actively participate in ongoing efforts to continually improve customer service for internal and external customers.
  • Review pipeline reports to ensure all tasks are completed.
  • Serve as an intermediary for loan issues with Loan Originators, Underwriters and other related departments.
  • Assist in training new hires.
  • Take active role as an escalation point and resource within the team based on experience/knowledge.
  • Maintain ongoing knowledge of Fifth Third Mortgage Company's policies and procedures.
  • Perform any other duties as assigned.
  • Assist the processing managers when required with coaching, escalations, balancing workloads, etc.

#LI-RD1

MINIMUM KNOWLEDGE, SKILLS, & ABILITIES REQUIRED:

  • High school diploma or equivalent required.
  • Three (3) or more years of residential mortgage experience in processing required
  • In depth knowledge of conventional, government, and portfolio underwriting guidelines.
  • Knowledge of processing underwriting and closing procedures preferred.
  • Knowledge of federal lending regulations governing residential real estate lending.
  • Demonstrated organizational skills. Strong written and verbal communications skills.
  • Demonstrated teamwork and customer service skills with a collaborative approach to both internal and external partners. All while keeping the customer at the center of all you do and showing them that you care.
  • Strong computer skills (MS Office) required, experience with Mortgage origination systems, platforms tools and technology preferred.
Mortgage Processor III-California

Total Base Pay Range 45,100.00 - 85,600.00 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, California 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.

Skills Required

  • High school diploma or equivalent
  • Three or more years of residential mortgage processing experience
  • In-depth knowledge of conventional, government, and portfolio underwriting guidelines
  • Knowledge of federal lending regulations governing residential real estate lending
  • Demonstrated organizational skills
  • Strong written and verbal communication skills
  • Teamwork and customer service skills with a collaborative approach
  • Strong computer skills, including MS Office
  • Knowledge of processing, underwriting, and closing procedures
  • Experience with mortgage origination systems, platforms, tools, and technology

Fifth Third Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Fifth Third Bank and has not been reviewed or approved by Fifth Third Bank.

  • Retirement Support — A 401(k) company match, an employee stock purchase plan, and financial coaching are included. These offerings are characterized as a strong pillar of the overall package.
  • Leave & Time Off Breadth — Paid time off, holidays, sick time, paid volunteer hours, and time for medical appointments are provided, with accrual increasing with tenure. Generous PTO and leave options are presented as standout elements.
  • Parental & Family Support — Paid parental bonding leave and adoption assistance are offered, with additional family supports referenced. These benefits strengthen the package for employees with caregiving needs.

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The Company
HQ: Cincinnati, OH
20,258 Employees
Year Founded: 1858

What We Do

At Fifth Third Bank, we are always listening to new ideas so that we can strengthen our commitment to you and the communities we serve.

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