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 of 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 of relevant work experience plus five years of underwriting experience including two years on a unique product (CRA, construction, State Bond, etc.), or an Associate’s degree or two years of relevant work experience plus six years of conventional underwriting experience. Full knowledge of credit risk, understanding of appraisals, and thorough knowledge of DU/LP valuations are required.
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 assessment of credit and collateral, respond to and resolve post-closing issues, assist management to clear conditions and expedite loan closings, keep informed of current practices in loan underwriting, and adhere to applicable compliance/operational risk controls. The role involves working with internal and external stakeholders to expedite loan decisions and closings, re-underwriting and verifying loans, establishing and maintaining federal registration requirements under the SAFE Act, and maintaining M&T internal control standards. The position also includes completing other related duties as assigned and promoting an environment that supports belonging and reflects the M&T Bank brand.
Skills
Mortgage underwriting
FHA
VA
Conventional loans
AUS
Manual underwriting
Risk assessment
Compliance
Regulatory standards
Loan processing
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