Mortgage Processor II (Safe Act)-5

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 ServicesIndustries

Requirements

Candidates should possess an Associate's degree with at least one year of mortgage industry experience or equivalent work experience, or six months of M&T Bank mortgage processing experience combined with 6-12 months in customer service, operations, or financial services. Proficiency in PC skills, including spreadsheets, word processing, email, and PDF software, is necessary. Preferred qualifications include knowledge of product, investor, and compliance requirements, versatility in a fast-paced environment, the ability to adapt to new policies, independent decision-making, excellent communication and organizational skills, strong attention to detail, prioritization abilities, 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 a 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 maintaining internal control standards.

Skills

Mortgage processing

Loan processing

Underwriting guidelines

Regulatory compliance

Communication

Documentation

Risk management

Analytical skills

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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