Mortgage Originator at M&T Bank

Tarrytown, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Mortgage, Financial ServicesIndustries

Requirements

Ability to interview applicants and analyze financial and credit data
Independent assessment of applicant’s creditworthiness
Authority to issue pre-qualification statements
Knowledge of various mortgage loan programs (FHA, VA, Conventional)
Understanding of real estate market trends and regulatory requirements
Strong communication and interpersonal skills
Ability to build and maintain relationships with customers, Realtors, and builders
Compliance with all origination procedures and regulatory requirements
Maintain federal registration requirements under the SAFE Act
Works under limited supervision

Responsibilities

Interviews applicants to gather financial and credit information
Assesses applicant’s credit worthiness independently
Determines which mortgage products best meet customer needs
Advises potential borrowers on loan advantages and disadvantages
Cultivates new mortgage business through prospecting and marketing
Markets and promotes the bank’s mortgage products
Negotiates loan terms and conditions with mortgagors
Ensures lending compliance with all procedures and regulatory requirements
Monitors trends and developments in the real estate market and mortgage regulations
Represents the bank in the community and related functions
May travel to customer locations or conduct outreach via telephone

Skills

FHA Loans

VA Loans

Conventional Mortgages

Credit Analysis

Mortgage Programs

Creditworthiness Assessment

SAFE Act

Regulatory Compliance

Prospecting

Marketing

Loan Negotiation

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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