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Fifth Third Bank was founded in 1858 and has spent over 150 years providing customers with quality financial products and services. Headquartered in Cincinnati, Ohio, Fifth Third B
Correspondent Sales Executive
Location
United States
Posted
12 days ago
Salary
0
Seniority
Mid Level
Job Description
Correspondent Sales Executive
Fifth Third Bank
Role Description Performs a wide range of duties relating to the acquisition of residential 1st mortgage loans from Correspondent lenders, through a Closed loan purchase process. Develop an approved Correspondent client base in assigned geographic area through sales calls, conferences and presentations. Maintain contact and relationships with both internal and external customers to ensure all expectations are met. Assume overall responsibility for maximizing profitability through a successful business relationship with their Correspondent customers. - Responsible and accountable for client performance by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures. - Accountable for always doing the right thing for customers and colleagues, ensuring 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. Qualifications - Four-year college degree; business or marketing degree preferred. - Experience in new business development with mortgage bankers, banks, S&L's and credit unions. - Knowledge of residential mortgage processing, underwriting and closing procedures. - Knowledge of federal lending regulations governing real estate lending, including RESPA, Fair Lending. - Extensive knowledge of automated underwriting systems, Fannie, Freddie and HUD credit policy and underwriting guidelines. - Ability to complete due diligence and structure formal Correspondent approval recommendations for management approval. - Completion of structured value-ad sales training. - Demonstrated organizational skills. - Strong written and verbal communication skills. - Demonstrated teamwork and customer service skills. - Proven computer skills. - Sales skills. - Strong desire to excel in a competitive environment. - Strong track record of achieving monthly production goals. Requirements - Works in assigned territory to ensure awareness by Correspondents of Mortgage Company loan products, underwriting, regulatory, loan closing and credit policies. - Creates quarterly business plan for sales activities in assigned geographic area, including client-share analysis, value-ad sales proposition and resulting strategy for each Correspondent client. - Develops new Correspondent contacts through various mortgage affiliations including mortgage banker organizations, mortgage insurance company contacts, warehouse facilities, etc. - Maintains knowledge of Mortgage Company credit and procedures, loan products, and pricing policies. - Ability to work as a team with the operations to provide best in class communication and service. - Follows defined protocol for escalation of any pricing and credit policy exceptions. - Completes due diligence process and structures new Correspondent approval recommendations. - Conducts walk-through presentations for complete training of new Correspondent on all Mortgage Company loan products. - Aggressively assists in resolving procedural and/or documentation deficiencies of Correspondent. - Responsible for initial due diligence and investigating business background of potential new Correspondents. - Maintains industry-best levels of customer service while managing each Correspondent and support staff's expectations. - Enhances and encourages the effort to cross-sell both Correspondents for business services as well as Correspondent new customers in multiple banking services. - Manages to the monthly, quarterly, and annual goals established by the Mortgage Company. - Manage T&E expenses to communicate monthly/annual budget and company T&E policy. - Conduct work within the Fifth Third Mortgage Core values and ethics policy. Benefits - Compensation for this position is largely incentive-based. - Incentive compensation is combined with either a base salary or a draw to determine total cash compensation. - Incentive compensation is based upon company, line of business and/or individual performance. - Extensive benefits programs designed to support the individual needs of employees and their families.
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