Senior Loan Officer, Mortgage
GoodleapSalary not specified
Full Time
Mid-level (3 to 4 years)
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Mortgage, Financial ServicesIndustries
Requirements
- Extensive knowledge of FHA/VA and conventional mortgage programs
- Ability to analyze financial and credit data
- Strong interviewing and communication skills
- Understanding of federal registration requirements under the SAFE Act
- Ability to independently assess applicant creditworthiness
- Knowledge of real estate market trends and mortgage regulations
Responsibilities
- Interviews applicants to collect and analyze financial and credit data
- Assesses applicant’s credit worthiness
- Issues pre-qualification statements of borrower eligibility
- Determines which mortgage products best meet customer needs
- Advises potential borrowers on mortgage loan programs
- Cultivates new mortgage business through contacts with Realtors, builders, and developers
- Markets and promotes the bank’s mortgage products
- Negotiates loan terms and conditions with mortgagors
- Ensures lending compliance with all origination procedures and regulatory requirements
- Monitors trends in the real estate market and mortgage regulations
- Represents the bank in the community and related functions
- May travel to and work at prospective customers’ homes or business locations
- Follows up on potential customers via travel or telephone
- Advises management on compliance strategies
Skills
FHA loans
VA loans
Conventional mortgages
Credit analysis
Financial analysis
SAFE Act compliance
Mortgage regulations
Real estate market trends
Loan negotiation
Compliance monitoring
Business development
Customer interviewing
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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