M&T Bank

Mortgage Processor II (Safe Act)

United States

M&T Bank Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries

Requirements

Candidates should possess an 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. 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 are also acceptable. Strong analytical background to evaluate changes required to all regulatory documents is required, along with understanding and adherence to the Company’s risk and regulatory standards, policies and controls.

Responsibilities

The Mortgage Processor II (Safe Act) will be responsible for processing conventional and government loan requests based on product, underwriting, and state specific and investor guidelines, serving as a communication liaison between the customer and M&T’s Mortgage department. They will directly assist customers as required, work with various internal departments and external organizations to obtain processing related documentation, immediately notify all necessary parties of irregularities, monitor and update credit reports, appraisals, and verifications, work closely with underwriting to resolve issues, prepare and mail commitment letters, review title and homeowner’s insurance, update loan conditions, provide the closing attorney with additional documentation, and ensure adherence to all regulatory requirements and guidelines. Additionally, they will identify risk-related issues needing escalation to management and promote an environment that supports belonging and reflects the M&T Bank brand, maintaining M&T internal control standards and completing other related duties as assigned.

Skills

Mortgage processing
Regulatory compliance
Customer service
Communication
Analytical skills
Risk assessment

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.

Key Metrics

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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