[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 handle complex files and issues
Strong problem-solving skills
Ability to work across channels and build strong relationships with applicable parties
Strong communication skills
Ability to train and onboard new employees
Ability to review and respond to internal and external audit inquiries
Ability to maintain effective communication with all necessary parties involved in closing a transaction

Responsibilities

Train new additions to the closing department
Ensure preparation and delivery of complete and accurate closing packages
Handle multiple complex files and pinpoint potential problems/resolves complex issues timely
Close new products and complex loans
Review new product internal closing highlights with department team members
Train fellow co-workers on new products and procedures
Recommend efficiency and system changes to improve/streamline closing process
Review and respond to internal and external audit inquiries
Participate in audit calls
Maintain effective communication with all necessary parties involved in closing a transaction
Work with various internal departments and external organizations to obtain closing related documentation
Review rate lock expirations and document expirations to ensure closing is within required time frames
Review system of record information to ensure accurate closing documentation
Perform validation of fees and submit wires to fund all loans within necessary time frames
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 of Product, Investor, and Compliance Requirements
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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