Senior Loan Officer, Mortgage
GoodleapSalary not specified
- Full Time
- Mid-level (3 to 4 years)
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
Candidates should possess an Associate’s degree or two years’ relevant work experience in lieu of a degree, along with a minimum of four years of mortgage underwriting experience and Direct Endorsement (DE) or LAPP approval, or an Associate’s degree or two years’ relevant work experience plus five years of underwriting experience including two years’ experience on a unique product, or an Associate’s degree or two years’ relevant work experience plus six years of conventional underwriting experience. Strong knowledge of credit risk, appraisals, and applicable industry tools for loan saleability is required, as well as thorough understanding of conforming and non-conforming guidelines and sound saleable decisions.
Responsibilities
The Mortgage Senior Underwriter will underwrite conventional (conforming and non-conforming) FHA, VA residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting, ensuring compliance with investor requirements, federal and state laws and regulations. They will perform risk assessments of credit and collateral to ensure loan saleability and sound credit quality, respond to and resolve post-closing issues, assist management in clearing conditions and expediting loan closings, and keep informed of current practices in loan underwriting. Additionally, they will take initiative to stay current on changes in investor and M&T guidelines, adhere to compliance/operational risk controls, maintain M&T internal control standards, and work with internal and external stakeholders to expedite the loan approval process.
Skills
Mortgage underwriting
FHA
VA
Conventional loans
AUS
Manual underwriting
Risk assessment
Compliance
Regulatory standards
Customer communication
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