[Remote] Mortgage Processor III at M&T Bank

United States

M&T Bank Logo
Not SpecifiedCompensation
N/AExperience Level
N/AJob Type
Not SpecifiedVisa
N/AIndustries

Requirements

  • Associate's Degree or two years equivalent work experience in mortgage processing or underwriting
  • Two to three years prior mortgage processing or underwriting experience
  • Knowledge of product, investor, and compliance requirements
  • Strong analytical and mathematical background to evaluate changes to borrower's current fee structure
  • Ability to scrutinize a loan application to assess qualification
  • Ability to restructure a loan or recommend solutions
  • Ability to work independently within a time-constrained environment
  • Excellent verbal and written communication skills
  • Strong PC skills with knowledge of Excel, Word, Email, and Adobe
  • Ability to make sound decisions based on information provided
  • Versatility and flexibility working within a 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 organizational skills with the ability to multitask
  • Strong attention to detail
  • Prioritization of daily workload
  • Ability to work in a team environment
  • Strong work ethic, reliable, and dependable
  • Ability to work in a fast-paced environment

Responsibilities

  • Maintain effective and professional communication with all necessary parties involved in a new loan application
  • Obtain processing-related documentation or necessary information needed to complete an application
  • Notify all necessary parties of irregularities relative to standard mortgage guidelines
  • Monitor, update, and analyze credit reports, appraisals, income documentation, and verifications
  • Prepare and mail commitment letters, review title and homeowner's insurance, and mailing loan suspend notices
  • Provide the closing attorney with additional documentation
  • Review and accept loan conditions based on underwriter requirements
  • Ensure adherence to all regulatory requirements and guidelines
  • Evaluate changes to borrower's current fee structure and re-create regulatory documents
  • Restructure a loan or recommend solutions
  • Work closely with internal and external customers, including co-workers, borrowers, and loan officers
  • Supervise and manage other employees as needed
  • Adhere to all M&T Bank policies and procedures
  • Maintain accurate and up-to-date records and documentation
  • Perform other administrative duties as required

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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