Mortgage Senior Underwriter

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, MortgageIndustries

Requirements

Candidates must have an Associate's degree or two years of relevant work experience, plus four years of mortgage underwriting experience with Direct Endorsement (DE) or LAPP approval. Alternatively, two years of experience in a unique product or six years of conventional underwriting experience is acceptable. A full understanding of credit risk, appraisals, DU/LP valuations, and applicable industry tools is required, along with strong communication skills and thorough knowledge of conforming and non-conforming guidelines.

Responsibilities

The Mortgage Senior Underwriter will underwrite conventional, FHA, and VA residential mortgage loans according to product and investor guidelines, ensuring compliance with federal and state laws. This role involves performing risk assessments for credit and collateral, responding to post-closing issues, assisting with condition clearing, and staying informed about changes in investor and bank guidelines. The underwriter will also re-underwrite a sample of loans monthly to verify accuracy and maintain federal registration requirements under the SAFE Act.

Skills

Mortgage Underwriting

Government Loans

Conventional Loans

FHA Loans

VA Loans

AUS

Manual Underwriting

Risk Assessment

Credit Analysis

Collateral Assessment

SAFE Act

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

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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