Fifth Third helps its delinquent borrowers find jobs
Fifth Third Bancorp is rolling out a nationwide program to help find jobs for mortgage borrowers who are behind on their loans because they are out of work.
The Cincinnati-based bank, with 15 offices in the Pittsburgh area, recently concluded a 12-month pilot assisting 28 people who were unemployed for 22 months, and 11 of them landed a job within six months. The bank, which partnered with nationwide reemployment company NextJob, fully pays borrowers' cost to participate. None of the early participants were from Pittsburgh.
To be eligible, a FifthThird borrower must be at least two months delinquent on his home mortgage due to a job loss.
The program helps people create an effective resume, identify their job skills, set a career path, prepare for an effective job search and discover “hidden” jobs.
Thomas Olson is a staff writer for Trib Total Media. He can be reached a 412-320-7854 or at firstname.lastname@example.org.