Mortgage Processor III

United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, MortgageIndustries

Requirements

An Associate's Degree or two years of equivalent work experience is required, along with two to three years of prior mortgage processing or underwriting experience. Preferred qualifications include good PC skills with strong knowledge of Excel, Word, Email Platform, and Adobe, the ability to make sound decisions, knowledge of product, investor, and compliance requirements, versatility and flexibility in a fast-paced environment, adaptability to new policies, the ability to function independently within time constraints, excellent verbal and written communication skills, strong organizational skills with the ability to multitask, strong attention to detail, prioritization of daily workload, the ability to work in a team environment, and a strong work ethic with reliability and dependability.

Responsibilities

The Mortgage Processor III will assess conventional and government loan requests based on product, underwriting, and investor guidelines, serving as the communication liaison between the customer and M&T's Mortgage department. Responsibilities include maintaining effective communication with all parties involved in a loan application, obtaining necessary documentation from internal and external sources, notifying parties of irregularities, monitoring and analyzing credit reports, appraisals, and income documentation, performing administrative duties such as preparing commitment letters and reviewing title insurance, scrutinizing loan applications to assess qualification and restructure loans, reviewing and accepting loan conditions, and ensuring adherence to all regulatory requirements and guidelines.

Skills

Mortgage processing

Loan processing

Underwriting guidelines

Investor guidelines

Communication

Analytical skills

Regulatory compliance

Credit reports

Appraisals

Income documentation

Title insurance

Homeowner's insurance

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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