Mortgage Processor II

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, Financial Services, MortgageIndustries

Requirements

Candidates should possess an Associate's degree with at least one year of mortgage industry experience, or equivalent work experience. Alternatively, three years of equivalent work experience including one year of mortgage industry experience is acceptable. Six months of specific M&T Bank mortgage processing experience plus an additional 6-12 months in customer service, operations, or financial services is also an option. Strong PC skills with proficiency in spreadsheet, word processing, email, and PDF software are required. Preferred qualifications include knowledge of product, investor, and compliance requirements, decision-making ability, versatility in a fast-paced environment, excellent communication skills, organization, attention to detail, prioritization, teamwork, a strong work ethic, and reliability.

Responsibilities

The Mortgage Processor II will process conventional and government loan requests according to product, underwriting, and investor guidelines, serving as the communication liaison between customers and the Mortgage department. Responsibilities include maintaining professional communication with all parties, obtaining necessary documentation from internal and external sources, notifying parties of irregularities, monitoring and updating loan information to meet underwriting conditions, and performing administrative duties such as preparing commitment letters and reviewing title insurance. The role also involves ensuring adherence to regulatory requirements, evaluating changes to regulatory documents, identifying and escalating risk-related issues, and completing other assigned duties.

Skills

Mortgage Processing

Loan Processing

Underwriting Guidelines

Regulatory Compliance

Communication

Analytical Skills

Risk Management

Documentation Review

IRS Transcripts

Appraisal Review

Credit Reports

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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