Overview
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General Function Cross-functional responsibilities for analyzing Consumer Credit applications and information across Direct Lending, Indirect Lending and Bankcard Credit. Direct responsibility to underwrite secured Indirect Lending products (installment loans and leases) across multiple states, Affiliates or geographic regions. Provides superior quality service to internal and external customers (Dealership F&I Managers, Retail Banking Center Managers and vendors). Provides guidance to loan processors and less experienced underwriters. Proactively participates in improving processes and achieving business objectives. Accepts additional projects as assigned.
Risk and Compliance 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 & Responsibilities
Analyze consumer credit reports for Consumer Lending applications to evaluate risk and make appropriate credit decisions for Direct, Indirect and Bankcard divisions across multiple states, Affiliates or geographic regions.
Review documents to support credit decisions (verification of income, tax returns, personal financial statements, trusts and additional supporting documentation, etc.).
Order and review documents to underwrite within stated Consumer Lending Guidelines and applicable regulations (flood determinations, property appraisals, property reports/title searches, Dealer contracts and documents, etc.).
Verify completeness and accuracy of credit applications.
Formulate and communicate credit decisions (approve, decline or counteroffer) in compliance with underwriting guidelines, compliance and regulatory requirements.
Provide guidance and feedback to internal or external customers (Retail Banking Centers, Dealer F&I, Call Center) to maximize production and manage risk.
Develop business relationships and build rapport with customers to achieve mutual goals across multiple states, Affiliates or geographic regions.
Manage application pipeline to meet business objectives.
Review complex credit, declined and pipeline applications to maximize production and meet stated service quality levels.
Assist/coaches less experienced underwriters with structuring loans to maximize production and manage risk.
Conduct monthly audits of credit decisions and/or loan files for document accuracy and credit quality.
Provide superior quality service to internal and external customers at all times and demonstrate professional demeanor.
Consumer Lending credit authority is commensurate with consumer lending authority guidelines and business need.
Review credit applications and recommend decisions within assigned authority to their manager.
Supervisory Responsibilities None.
Minimum Knowledge, Skills And Abilities Required
College degree in Business or Finance or equivalent work experience.
Minimum 4 years Consumer Lending or Financial Services industry experience.
Minimum 1 year of Consumer Lending Underwriting experience.
Strong interpersonal, written and verbal communication skills.
Ability to handle multiple tasks and meet deadlines in a fast-paced environment.
Ability to interact with Vice President level managers; build consensus; and motivate others.
Strong analytical and organizational skills.
Strong computer skills.
Strong working knowledge of ACAPS.
Indirect Lending Underwriter III 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, Arizona 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.
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General Function Cross-functional responsibilities for analyzing Consumer Credit applications and information across Direct Lending, Indirect Lending and Bankcard Credit. Direct responsibility to underwrite secured Indirect Lending products (installment loans and leases) across multiple states, Affiliates or geographic regions. Provides superior quality service to internal and external customers (Dealership F&I Managers, Retail Banking Center Managers and vendors). Provides guidance to loan processors and less experienced underwriters. Proactively participates in improving processes and achieving business objectives. Accepts additional projects as assigned.
Risk and Compliance 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 & Responsibilities
Analyze consumer credit reports for Consumer Lending applications to evaluate risk and make appropriate credit decisions for Direct, Indirect and Bankcard divisions across multiple states, Affiliates or geographic regions.
Review documents to support credit decisions (verification of income, tax returns, personal financial statements, trusts and additional supporting documentation, etc.).
Order and review documents to underwrite within stated Consumer Lending Guidelines and applicable regulations (flood determinations, property appraisals, property reports/title searches, Dealer contracts and documents, etc.).
Verify completeness and accuracy of credit applications.
Formulate and communicate credit decisions (approve, decline or counteroffer) in compliance with underwriting guidelines, compliance and regulatory requirements.
Provide guidance and feedback to internal or external customers (Retail Banking Centers, Dealer F&I, Call Center) to maximize production and manage risk.
Develop business relationships and build rapport with customers to achieve mutual goals across multiple states, Affiliates or geographic regions.
Manage application pipeline to meet business objectives.
Review complex credit, declined and pipeline applications to maximize production and meet stated service quality levels.
Assist/coaches less experienced underwriters with structuring loans to maximize production and manage risk.
Conduct monthly audits of credit decisions and/or loan files for document accuracy and credit quality.
Provide superior quality service to internal and external customers at all times and demonstrate professional demeanor.
Consumer Lending credit authority is commensurate with consumer lending authority guidelines and business need.
Review credit applications and recommend decisions within assigned authority to their manager.
Supervisory Responsibilities None.
Minimum Knowledge, Skills And Abilities Required
College degree in Business or Finance or equivalent work experience.
Minimum 4 years Consumer Lending or Financial Services industry experience.
Minimum 1 year of Consumer Lending Underwriting experience.
Strong interpersonal, written and verbal communication skills.
Ability to handle multiple tasks and meet deadlines in a fast-paced environment.
Ability to interact with Vice President level managers; build consensus; and motivate others.
Strong analytical and organizational skills.
Strong computer skills.
Strong working knowledge of ACAPS.
Indirect Lending Underwriter III 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, Arizona 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.
#J-18808-Ljbffr