Mortgage Senior Underwriter

Position Overview

• Location Type: Onsite
• Location: Clanton, Alabama, United States of America
• Job Type: Full time
• Salary: $24.76 - $41.27 Hourly (USD)

This role is responsible for underwriting mortgage loans, including government loans, to determine their acceptability with M&T Bank and secondary market standards. The goal is to ensure saleability and sound credit quality while adhering to Federal registration requirements under the SAFE Act.

Requirements

• Associate's degree, or in lieu of a degree, 2 years' relevant work experience.
• Experience:
  • 4 years mortgage underwriting experience, and Direct Endorsement (DE) or LAPP approval.
  • OR 2 years underwriting experience, plus 5 years underwriting experience to include 2 years' experience on a unique product (CRA, construction, State Bond, etc.).
  • OR 2 years underwriting experience, plus 6 years conventional underwriting experience.
• Full knowledge of credit risk.
• Understanding of appraisals.
• Thorough knowledge of DU/LP valuations (automated underwriting).
• Knowledge of applicable industry tools to ensure saleability.
• Strong verbal and written communication skills with ability to interact with all levels.
• Thorough knowledge of conforming and non-conforming guidelines.
• Sound saleable decisions.
• Understanding of risk assessment of both credit and collateral process and the impact to the saleability of individual loans.
• Must maintain registration requirements under the Federal SAFE Act.

Responsibilities

• Underwrite conventional (conforming and non-conforming) FHA, VA residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting.
• Ensure loans are in compliance with investor requirements, federal and state laws and regulations.
• Perform risk assessment of credit and collateral ensuring loan saleability and sound credit quality.
• Respond to and resolve any post-closing issues to ensure loan saleability.
• Assist management to clear conditions and expedited loan closings.
• Stay informed of current practices in loan underwriting and changes in investor and M&T guidelines.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points and addressing issues raised by external regulators.
• Complete other related duties as assigned.
• Re-underwrite and verify monthly, a sampling of loans to ensure the accuracy of the documentation.
• Establish and maintain federal registration requirements outlined in the SAFE Act.

Scope of Responsibilities

• Works with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.) and external customers (Realtors, Mortgage Brokers, etc.) and third parties to expedite the decision process and loan closings for mortgage loans submitted for approval.
• Frequent day-to-day communication with external and internal customers.
• Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).

Supervisory/Managerial Responsibilities

• None

Company Information

M&T Bank is committed to fair, competitive, and market-informed pay for its employees. The specific pay range applicable to an employee may vary based on their location.