M&T Bank

Mortgage Processor III (Safe Act)

United States

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial Services, Mortgage LendingIndustries

Requirements

Candidates should possess an Associate’s degree or two years of equivalent work experience, along with two to three years of prior mortgage processing or underwriting experience. Strong PC skills, including proficiency in Excel, Word, Email Platform, and Adobe, are required. Knowledge of Product, Investor, and Compliance Requirements is preferred, as is the ability to make sound decisions based on information provided.

Responsibilities

The Mortgage Processor III (Safe Act) will maintain effective communication with all parties involved in a new loan application, work with internal and external organizations to obtain processing documentation, monitor and analyze credit reports and verifications, notify parties of irregularities, prepare and mail commitment letters, review title and homeowner’s insurance, and ensure adherence to all regulatory requirements and guidelines. They will also scrutinize loan applications to assess qualification, restructure loans, review and accept loan conditions, and prepare regulatory documents, adapting to new policies and procedures to improve processes and workflow.

Skills

Loan Processing
Underwriting
Customer Service
Compliance
Documentation Verification
Communication
Financial Analysis
Regulatory Knowledge
Mortgage Guidelines
IRS Transcripts
Title Search
Appraisal
Bank Statements

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.

Key Metrics

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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