Mortgage Processor

Employment Type: Full-time

Position Overview

Seasoned processor with strong analytical abilities to assess conventional and government loan requests based on a thorough knowledge of product, underwriting, and investor guidelines. Serves as the communication liaison between the customer and M&T’s Mortgage department. Directly assists customers as required in a prompt, courteous, and professional manner. Responsible for adherence to compliance guidelines and to the requirements of federal registration under the SAFE Act.

Primary 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 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 loan applications to assess qualification and restructure loans 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 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

• None indicated.

Education and Experience Required

• Associate's Degree or two years of equivalent work experience.
• Two to three years of 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

• None indicated.

Company Information

M&T Bank is committed to fair, competitive, and market-informed pay for our employees.

Salary

• Hourly Range: $18.57 - $30.95 (USD)
  • 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.

Location

• City: Clanton
• State: Alabama
• Country: United States of America
• Location Type: On-site