Residential Mortgage Sales Manager at M&T Bank

Burlington, Vermont, United States

M&T Bank Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial Services, MortgageIndustries

Requirements

  • Bachelor’s degree and 5 years mortgage experience, OR in lieu of a degree, a combination of 9 years higher education and/or work experience including 5 years mortgage experience
  • 3 years supervisory/managerial experience
  • Adhere to federal registration requirements under the SAFE Act
  • Establish and maintain federal registration requirements outlined in the SAFE Act

Responsibilities

  • Develop a marketing strategy and set sales objectives for the residential mortgage program in assigned geographic area
  • Oversee the development of new residential mortgage business, the expansion of existing business relationships, and the servicing of customers
  • Ensure the provision of services to customers and prospective customers seeking mortgage services
  • Assist in the design and ensure the proper installation of residential mortgage services
  • Keep informed of new residential mortgage products and trends in the local real estate market to incorporate them into the residential mortgage sales program
  • Exercise managerial authority concerning staffing, performance appraisals, staffing recommendations, promotions, and terminations
  • Call on potential or existing customers to develop business or retail existing business
  • Interact with external contacts including realtors, builders, and developers during the solicitation of residential mortgages
  • Participate in related business development activities for assigned geographic area

Skills

Mortgage Sales
Sales Management
Business Development
SAFE Act Compliance
Marketing Strategy
Supervisory Experience
Performance Appraisals
Real Estate Law
Government Regulations
PC Software

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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