Mortgage Processor II at M&T Bank

Williamsville, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, MortgageIndustries

Requirements

Associate’s degree with a minimum of one year’s mortgage industry experience or two years equivalent work experience, OR in lieu of a degree, three years’ equivalent work experience including a minimum of one year’s mortgage industry experience
-OR- Six months specific M&T Bank mortgage processing experience plus an additional 6-12 months experience in customer service, operations, or the financial services industry
Good PC skills with strong knowledge of spreadsheet, word processing, email, and PDF software
Ability to make sound decisions based on information provided (preferred)
Knowledge of Product, Investor and Compliance Requirements (preferred)
Versatility and flexibility working within an ever changing fast paced mortgage environment. Adapting to new policies and procedures to improve processes and workflow (preferred)
Ability to function independently within time constraints (preferred)
Excellent verbal and written communication skills (preferred)
Highly organized with the ability to multitask (preferred)
Strong attention to detail (preferred)
Prioritization of daily workload (preferred)
Ability to work in a team environment (preferred)
Strong work ethic, reliable and dependable (preferred)

Responsibilities

Maintain effective communication with all necessary parties involved in a new loan application, from the customer, loan officer, realtors, settlement agents, municipalities, and co-workers to ensure a seamless and positive application experience
Work with various internal departments as well as external organizations to obtain processing related documentation or obtain necessary information needed to complete an application i.e.: Verification of Employment, IRS Transcripts, title search, appraisal, bank statements, etc
Immediately notify all necessary parties of irregularities relative to standard mortgage guidelines
Monitor and update credit reports, appraisals, income documentation, and all verifications to ensure all underwriting conditions are met. Work closely with underwriting to quickly resolve any issues or concerns
Perform other administrative duties supporting the origination department including, but not limited to: preparing and mailing commitment letters, title and homeowner’s insurance review, mailing loan suspend notices, updating loan conditions, providing the closing attorney with additional documentation, and all appropriate processing checklists
Ensure adherence to all regulatory requirements and guidelines
Work closely with both Internal and External Customers such as co-workers, borrower(s) and Loan Officers
Identify risk-related issues needing escalation to management
Promote an environment that supports belonging and reflects the M&T Bank brand
Complete other related duties as assigned

Skills

Mortgage Processing

Loan Application Management

Verification of Employment

Credit Reports

Appraisals

Income Documentation

Underwriting Conditions

Regulatory Compliance

Customer Communication

Title Review

Insurance Review

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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