M&T Bank

RCC Agency Deputy Chief Underwriter

United States

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Real Estate FinanceIndustries

Requirements

Candidates must have a high level of detail and a desire to mentor others. An established relationship with Agency and/or HUD lending partners is necessary. The Deputy Chief Underwriter will be responsible for direct underwriting of multifamily and/or healthcare transactions under Fannie Mae, Freddie Mac, and/or FHA programs, or balance sheet/bridge loans.

Responsibilities

The Deputy Chief Underwriter will serve as a mentor to junior analysts and underwriting trainees, reviewing transactions underwritten by all staff levels and providing guidance on underwriting issues. They will analyze and manage the multifamily underwriting process, ensuring loans are underwritten according to investor guidelines and commitments are issued promptly. Responsibilities include accurate loan sizing, risk assessment, interviewing borrowers, reviewing subordinate debt documents, working with originators on deal structure, interacting with investor representatives, inspecting properties, obtaining and reviewing third-party reports, completing underwriting narratives, and managing the submission process with the processing team. The role also involves reviewing commitment letters, staying updated on relevant legislation, providing feedback on transaction structuring and viability, addressing post-closing requests, adhering to company risk and regulatory standards, and maintaining internal control standards.

Skills

Fannie Mae
Freddie Mac
FHA
Underwriting
Commercial Real Estate
Loan Sizing
Risk Assessment
Borrower Interviews
Subordinate Debt Analysis
Deal Structuring
Multifamily Financing
Healthcare Financing
HUD Lending

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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