M&T Bank

Mortgage Closing Specialist II

United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial Services, MortgageIndustries

Requirements

Candidates must possess an Associate's degree and a minimum of 2 years of prior mortgage experience, or a combined 4 years of higher education and/or work experience including a minimum of 2 years of prior mortgage experience. Strong PC skills with knowledge of spreadsheet, word processing, and email software, along with specialized knowledge of all products, regulations, and policies, are required. The role demands excellent verbal and written communication skills, strong attention to detail, and organizational abilities. Versatility and flexibility to work in a fast-paced, ever-changing mortgage environment, and the ability to function independently within time constraints are also essential.

Responsibilities

The Mortgage Closing Specialist II will act as an intermediary for loan closing, ensuring the accuracy of data for Closing Disclosure issuance, including hazard insurance, taxes, fees, payoffs, and third-party invoices. This role is responsible for CD issuance, preparing closing documents, and funding loans in adherence to all guidelines. Responsibilities include maintaining communication with all parties involved in a transaction, obtaining necessary closing documentation, and performing thorough file reviews to ensure compliance with state and federal guidelines. The specialist will follow up on rate lock and document expirations, validate fees, submit wires for funding, and report system or document issues to management. Additional duties involve testing closing documents for system updates, assisting with onboarding and training, aiding in the expansion of departmental materials, and serving as a senior member to support the Team Lead. The role requires adherence to compliance and operational risk controls, maintaining internal control standards, and promoting an environment that supports belonging.

Skills

Closing Disclosure (CD) issuance
Loan closing
Hazard insurance
Taxes
Fees
Payoffs
Invoices
Compliance
State and Federal guidelines
Homeowners insurance
Flood insurance
Title insurance
Tax documents
Rate lock expirations
Document expirations
Wire transfers
Communication
Time management
Pipeline reporting

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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