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Fifth Third helps its delinquent borrowers find jobs

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By Thomas Olson
Wednesday, Feb. 6, 2013, 2:36 p.m.
 

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 tolson@tribweb.com.

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