Mortgage Processor

Position Overview

Seasoned processor with a strong analytical ability to assess conventional and government loan requests based on a thorough knowledge of product, underwriting, and investor guidelines. Serve as the communication liaison between the customer and M&T’s Mortgage department. Directly assist customers as required in a prompt, courteous and professional manner.

Employment Type

Full time

Salary

$18.57 - $30.95 Hourly (USD)

Location

Clanton, Alabama, United States of America

Location Type

On-site

Responsibilities

• Maintain effective and professional communication with all necessary parties involved in a new loan application, including the customer, broker, all co-workers, and other external partners to ensure a seamless and positive 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 (e.g., Verification of Employment, IRS Transcripts, title search, appraisal, bank statements, etc.).
• Immediately notify all necessary parties of irregularities relative to standard mortgage guidelines.
• Monitor, update, and analyze credit reports, appraisals, income documentation, and all verifications to ensure they adhere to product, underwriting, and investor guidelines.
• Perform other administrative duties supporting the origination department including, but not limited to: preparing and mailing commitment letters, reviewing title and homeowner’s insurance, mailing loan suspend notices, providing the closing attorney with additional documentation, and all applicable processing checklists.
• Scrutinize a loan application to assess qualification, and is able to restructure a loan or recommend solutions.
• Review and accept loan conditions based on underwriter requirements.
• Ensure adherence to all regulatory requirements and guidelines.
• Utilize strong analytical/mathematical background to evaluate changes to borrower’s current fee structure, allowable changes to those fees and the re-creation of the required regulatory documents.

Scope of Responsibilities

• Work closely with both Internal and External Customers such as co-workers, borrower(s) and Loan Officers.

Supervisor/Managerial Responsibilities

N/A

Education and Experience Required

• Associate's Degree or two years equivalent work experience.
• Two to three years prior mortgage processing or underwriting experience.

Education and Experience Preferred

• Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe.
• Ability to make sound decisions based on information provided.
• Knowledge of Product, Investor and Compliance Requirements.
• Versatility and flexibility working within an ever-changing fast-paced mortgage environment.
• Ability to adapt to new policies and procedures to improve processes and workflow.
• Ability to function independently within time constraints.
• Excellent verbal and written communication skills.
• Highly organized with the ability to multitask.
• Strong attention to detail.
• Ability to prioritize daily workload.
• Ability to work in a team environment.
• Strong work ethic, reliable and dependable.

Physical Requirements

N/A

Company Information

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.