Mortgage Underwriter at M&T Bank

San Francisco, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Mortgage, Financial ServicesIndustries

Requirements

High school diploma or equivalent
Two to five years of general experience
Two to five years of specialized experience as a mortgage processor, underwriter, or other area of credit analysis or financial review

Responsibilities

Decisions loans within lending authority adhering to bank and investor guidelines and requirements
Acts as primary Underwriter for secondary market loans and some portfolio, including blanket, self-employed, and combo loan files
Reviews residential mortgage appraisals for compliance within established guidelines
Adheres to established service level agreements
Occasionally in contact with secondary market investors and private mortgage insurance companies
Maintains knowledge of Portfolio, Investor and private mortgage insurance, underwriting guidelines and regulatory requirements
Demonstrates a complete understanding and use of Desktop Underwriter for credit decisions on all loans
Reviews and analyzes DU Findings on purchase and refinance loans on all types of loans, including restructuring for possible better findings and applicable pricing
Communicates with Mortgage Bankers and occasionally contacts Borrowers, Realtors and Settlement Agents, as necessary, as to the status of loan
Reviews assembled loan packages for submission to outside Investors and assure that all documentation is complete and accurate
Possess the ability to summarize the contents of the mortgage file, determine risk of file and make recommendation
Monitors loan packages forwarded to Investors to ensure timely response
Cross-sells other bank products and services
Maintains a good working relationship with all bank employees
Demonstrates the ability to work independently
Works as a team player to contribute to the success of the department and in turn the organization
Has a thorough knowledge of loan origination system and related vendor services
Performs additional duties as required

Skills

Mortgage Underwriting

Desktop Underwriter

Appraisal Review

Investor Guidelines

Regulatory Compliance

Portfolio Loans

Secondary Market Loans

Private Mortgage Insurance

Credit Decisions

DU Findings

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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