Mortgage Originator at M&T Bank

Keene, New Hampshire, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Mortgage Lending, 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 regulatory requirements under the SAFE Act
Ability to independently assess applicant creditworthiness
Knowledge of the local real estate market

Responsibilities

Interviews applicants to collect and analyze financial and credit data
Assesses applicant’s creditworthiness independently
Issues pre-qualification statements of borrower eligibility
Determines appropriate mortgage loan programs based on customer needs
Advises customers on the advantages and disadvantages of different financial products
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 and developments in the real estate market and mortgage regulations
Represents the bank in the community and related functions
May be required to travel to customer locations

Skills

FHA Loans

VA Loans

Conventional Mortgages

Credit Analysis

SAFE Act Compliance

Loan Origination

Financial Analysis

Mortgage Marketing

Loan Negotiation

Real Estate Market Knowledge

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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