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, Financial ServicesIndustries
Requirements
- Strong understanding of FHA, VA, and conventional mortgage programs
- Ability to independently assess applicant creditworthiness
- Ability to analyze income, assets, debts, and credit data
- Excellent verbal and written communication skills for interviewing applicants and explaining loan options
- Knowledge of federal registration requirements under the SAFE Act and adherence to lending regulations
- Ability to cultivate new relationships with Realtors, builders, and developers
Responsibilities
- Interview applicants to gather financial information and determine loan eligibility
- Independently assess applicant’s credit worthiness
- Determine which mortgage products best meet customer needs and advise on advantages and disadvantages
- Cultivate new mortgage business through prospecting and marketing
- Negotiate loan terms and conditions with mortgagors
- Ensure lending compliance with bank policies, procedures, and regulatory requirements
- Monitor trends in the local real estate market and changes in mortgage regulations
- Represent the bank in the community, present seminars, and promote mortgage products
- May be required to travel to customer locations
Skills
FHA Loans
VA Loans
Conventional Mortgages
Credit Analysis
Financial Analysis
SAFE Act Compliance
Regulatory Compliance
Loan Negotiation
Business Development
Market Analysis
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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