Mortgage Originator at M&T Bank

Portland, Maine, United States

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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 real estate market trends and regulatory requirements
Ability to assess applicant’s credit worthiness
Knowledge of bank policies and procedures related to mortgage origination
Ability to negotiate loan terms and conditions
Familiarity with the SAFE Act and federal registration requirements

Responsibilities

Interviews applicants to collect and analyze financial and credit data
Independently assesses applicant’s credit worthiness
Issues pre-qualification statements of borrower’s eligibility
Determines which products best meet the customer’s needs and financial circumstances
Advises potential borrowers regarding mortgage loan programs
Cultivates new mortgage business through contacts with Realtors, builders, and developers
Markets and promotes the bank’s mortgage products
Negotiates terms and conditions of loan with mortgagors
Ensures lending compliance with all origination procedures and regulatory requirements
Advises management on effective compliance strategies
Monitors trends and developments in the local real estate market and mortgage regulations
Represents the bank in the community and related functions
May present seminars to promote mortgage products and community outreach
Travels to and works at prospective customers’ homes or business locations (as needed)

Skills

FHA Loans

VA Loans

Conventional Mortgages

Credit Analysis

Financial Analysis

SAFE Act

Loan Negotiation

Mortgage Origination

Regulatory Compliance

Real Estate Trends

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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