[Remote] Mortgage Closing Specialist II at M&T Bank

United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Associate’s degree
2 years’ prior Mortgage experience
Strong PC skills with knowledge of spreadsheet, word processing, and email software
Specialized knowledge of all product, regulations and policies
Ability to make sound decisions based on information provided
Versatility and flexibility working within an ever changing fast paced mortgage environment
Ability to function independently within time constraints
Excellent verbal and written communication skills
Strong attention to detail and organizational skills

Responsibilities

Maintain effective communication with all necessary parties involved in closing a transaction
Work with various internal departments as well as external organizations to obtain closing related documentation
Perform a thorough and accurate review of the file to ensure the loan is in compliance with State and Federal guidelines
Follow up on rate lock expirations and document expirations
Review system of record information to ensure accurate closing documentation can be prepared
Perform validation of fees and submit wires to fund all loans within necessary time frames
Prepare and Issue CD timely and accurately
Report system and closing document issues to management
Test closing documents and custom enhancements for system updates
Assist in new employee/contractor onboarding, and technical training
Aid with expansion of departmental instructional manual/materials
Serve as senior member of staff to support Team Lead in answering questions, briefing peers on policy/procedure updates
Provide considerable input on day-to-day business practices
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies
Maintain M&T internal control standards
Promote an environment that supports belonging and reflects the M&T Bank brand

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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