[Remote] Mortgage Processor III at M&T Bank

United States

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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 make sound decisions based on information provided
Good PC skills with strong knowledge of Excel, Word, Email Platform, and Adobe
Ability to work independently within time constraints
Excellent verbal and written communication skills
Highly organized 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 function independently within a fast-paced mortgage environment
Physical requirements: Ability to lift up to 50 pounds, stand for long periods, and work in a fast-paced environment

Responsibilities

Maintain effective and professional communication with all necessary parties involved in a new loan application
Directly assist customers as required in a prompt, courteous and professional manner
Work with various internal departments as well as external organizations to obtain processing related documentation or obtain 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 all verifications to ensure they adhere to product, underwriting and investor guidelines
Prepare and mail commitment letters, review title and homeowner's insurance, mailing loan suspend notices, providing the closing attorney with additional documentation, and all applicable processing checklists
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 as needed
Restructure a loan or recommend solutions based on underwriter requirements
Work closely with both internal and external customers, including co-workers, borrower(s), and Loan Officers
Supervise and manage the origination department, including preparing and mailing commitment letters, review title and homeowner's insurance, mailing loan suspend notices, providing the closing attorney with additional documentation, and all applicable processing checklists
Adapt to new policies and procedures to improve processes and workflow
Function independently within time constraints
Prioritize daily workload

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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