About the role
Overview:
Responsible for underwriting mortgage loans to determine acceptability with M&T Bank and secondary market standards set by the investor to ensure saleability and sound credit quality and adhering to the requirements of federal registration under the SAFE Act.
Primary Responsibilities:
- Underwrite conventional (conforming and non-conforming) residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting.
- Ensures loans are in compliance with investor requirements, federal and state laws and regulations.
- Performs risk assessment of credit and collateral ensuring loan saleability and sound credit quality.
- Responds to and resolves any post-closing issues to ensure loan saleability.
- Assist management to clear conditions and expedite loan closings.
- Keeps informed of current practices in loan underwriting.
- Takes initiative to keep current on changes in investor and M&T guidelines.
Scope of Responsibilities:
- Works with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.) and external customers (Realtors, Mortgage Brokers, etc.) and third parties to expedite the decision process and loan closings for mortgage loans submitted for approval.
- Underwriters have frequent day--to-day communication with external and internal customers alike.
- Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).
- The position will re-underwrite and verify monthly, a sampling of loans to insure the accuracy of the documentation.
Supervisory/ Managerial Responsibilities:
None.
Education and Experience Required:
Associates degree or 2 years relevant experience. Three years mortgage processing/underwriting experience.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.Location
Clanton, Alabama, United States of AmericaAplyr's read
M&T Bank is a regional financial institution with a strong community focus, attracting professionals in commercial banking and financial services.
What's promising
- •M&T Bank has a strong regional presence in the Northeastern U.S.
- •The bank offers diverse career opportunities in commercial and retail banking.
- •M&T Bank is known for its community-oriented approach and local involvement.
What to watch
- •M&T Bank faces competition from larger national banks.
- •Limited public information about its technological innovation initiatives.
- •The bank's regional focus may limit geographic career mobility.
Why M&T Bank
- •M&T Bank emphasizes a community-focused banking model.
- •The company offers specialized roles in commercial credit and equipment financing.
- •M&T Bank provides hybrid work opportunities for certain roles, enhancing work-life balance.
Aplyr’s read is generated by AI from public sources. Was it useful?
About M&T Bank
M&T Bank is a regional bank holding company that provides a wide range of financial services, including commercial and retail banking, investment services, and mortgage banking.
