M&T Bank
Finance
MortgageSeniorUnderwriter
“Mortgage Senior Underwriter at M&T Bank. Skills: Mortgage underwriting, Risk assessment, Investor guidelines, Federal and state laws and regulations compliance. Underwriting mortgage loans, including government loans. Determining acceptability with M&T Bank and secondary market standards”
What You'll Achieve.
Ensure saleability and sound credit quality; Expedited loan closings; Accuracy of documentation
Industry & Context.
Resolving post-closing issues; Clearing conditions
What They're Looking For.
Must Have
4 years mortgage underwriting experience, Direct Endorsement (DE) or LAPP approval, 2 years' relevant work experience (in lieu of degree), Full knowledge of credit risk, Understanding of appraisals, Thorough knowledge of DU/LP valuations (automated underwriting), Knowledge of applicable industry tools to ensure saleability, Thorough knowledge of conforming and non-conforming guidelines, Sound saleable decisions, Understanding of risk assessment of both credit and collateral process and the impact to the saleabilty of individual loans, Federal registration requirements outlined in the SAFE Act
Nice to Have
2 years' experience on a unique product (CRA, construction, State Bond, etc.), 6 years conventional underwriting experience
What You'll Do.
Underwriting mortgage loans
including government loans
Determining acceptability with M&T Bank and secondary market standards
Ensuring saleability and sound credit quality
Adhering to Federal registration under the SAFE Act
Underwriting conventional (conforming and non-conforming) FHA
VA residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting
Ensuring loans are in compliance with investor requirements
federal and state laws and regulations
Performing risk assessment of credit and collateral ensuring loan saleability and sound credit quality
Responding to and resolving post-closing issues
Assisting management to clear conditions and expedite loan closings
Keeping informed of current practices in loan underwriting
Keeping current on changes in investor and M&T guidelines
Adhering to applicable compliance/operational risk controls
Maintaining M&T internal control standards
Completing other related duties as assigned
Re-underwriting and verifying a sampling of loans monthly
How You'll Work.
Team & Collaboration
Works with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.); Works with external customers (Realtors, Mortgage Brokers, etc.); Works with third parties to expedite the decision process and loan closings; Frequent day-to-day communication with external and internal customers
Communication Scope
Verbal and written communication skills; Ability to interact with all levels
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