Collateral Analyst

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. Proactively communicates decisions to the Loan Originator, Credit Underwriter, Processor, and other necessary parties, and serves as a resource to Residential Mortgage personnel on non-government collateral-related questions.

Assists in training new hires and functions as an escalation point for tier I analysts’ collateral reviews requiring higher authority.

None.

• 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.

• 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.

Collateral Analyst Total Base Pay Range: $54,400.00 - $ USD annual.

Virtual, Ohio 00000.

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.