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

United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Associates degree
Minimum of 3 years' prior Mortgage experience
CD Issuance experience at a Lender, Title Company, or Settlement Agent's office
Ability to work with complex files and resolve issues timely
Strong communication and problem-solving skills
Ability to work with various internal departments and external organizations
Knowledge of TRID, High Cost, TILA, RESPA, and other regulatory requirements
Ability to analyze and improve processes and workflow
Strong analytical and technical skills
Ability to maintain confidentiality and handle sensitive information

Responsibilities

Train new employees in the closing department
Ensure preparation and delivery of complete and accurate closing packages
Handle multiple complex files and resolve potential problems
Close new products and complex loans
Review and respond to Internal and External Audit Inquiries
Participate in Audit calls
Maintain effective communication with all parties involved in closing a transaction
Work with internal departments and external organizations to obtain closing-related documentation
Review system of record information to ensure accurate closing documentation
Perform validation of fees and submit wires to fund loans
Review CD for accurate closing figures
Report system and closing document issues
Test closing documents and custom enhancements for system updates
Act as subject matter expert on Product, Investor, and Compliance Requirements
Train peers on new policies and procedures
Present ideas to improve processes and workflow
Adhere to applicable compliance/operational risk controls
Maintain M&T internal control standards
Promote an environment that supports belonging and reflects the M&T Bank brand
Complete other related duties as assigned

Skills

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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