Mortgage Processor III

Overview

Seasoned processor with a strong analytical ability to assess conventional and government loan requests based on a thorough knowledge of product, underwriting, and investor guidelines. Serve as the communication liaison between the customer and M&T's Mortgage department. Directly assist customers as required in a prompt, courteous and professional manner.

Primary Responsibilities

• Maintain effective communication with all necessary parties involved in a new loan application, from the customer, loan officer, realtors, settlement agents, municipalities, and co-workers to ensure a seamless and positive application experience.

• Work with various internal departments as well as external organizations to obtain processing related documentation or obtain necessary information needed to complete an application i.e.: Verification of Employment, IRS Transcripts, title search, appraisal, bank statements, etc.

• Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines.

• Monitor, update and analyze credit reports, appraisals, income documentation, and all verifications to ensure they adhere to product, underwriting and investor guidelines.

• Perform other administrative duties supporting the origination department including, but not limited to: preparing and mailing commitment letters, review title and homeowner's insurance, mailing loan suspend notices, providing the closing attorney with additional documentation, and all applicable processing checklists.

• Ability to scrutinize a loan application to assess qualification, and is able to restructure a loan or recommend solutions.

• Empowered to review and accept loan conditions based on underwriter requirements.

• Ensures adherence to all regulatory requirements and guidelines.

• Strong analytical/mathematical background to evaluate changes to borrower's current fee structure, allowable changes to those fees and the re-creation of the required regulatory documents.

• Work closely with both Internal and External Customers such as co-workers, borrower(s) and Loan Officers.

• Identify risk-related issues needing escalation to management.

• Promote an environment that supports belonging and reflects the M&T Bank brand.

• Complete other related duties as assigned.

Education and Experience Required

• Associates Degree or two years equivalent work experience.

• Two to three years prior mortgage processing or underwriting experience.

Education and Experience Preferred

• Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe.

• Ability to make sound decisions based on information provided.

• Knowledge of Product, Investor and Compliance Requirements.

• Versatility and flexibility working within an ever changing fast paced mortgage environment.

• Adapting to new policies and procedures to improve processes and workflow.

• Ability to function independently within time constraints.

• Excellent verbal and written communication skills.

• Highly organized with the ability to multitask.

• Strong attention to detail.

• Prioritization of daily workload.

• Ability to work in a team environment.

• Strong work ethic, reliable and dependable.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $20.55 - $34.25 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Ballston Lake, New York, United States of America

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.