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
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
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