Saturday , April 13 2024

M&T Bank Job Openings – Mortgage Junior Underwriter

Website  M&T Bank

Job Description:

Responsible for underwriting mortgage loans to determine acceptability with M&T Bank and secondary market standards set by the investor to ensure saleability and sound credit quality and adhering to the requirements of federal registration under the SAFE Act.

Job Responsibilities:

  • Underwrite conventional (conforming and non-conforming) residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting.
  • The position will re-underwrite and verify monthly, a sampling of loans to insure the accuracy of the documentation.
  • Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).
  • Performs risk assessment of credit and collateral ensuring loan saleability and sound credit quality.
  • Keeps informed of current practices in loan underwriting.
  • Responds to and resolves any post-closing issues to ensure loan saleability.
  • Works with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.) and external customers (Realtors,
  • Mortgage Brokers, etc.) and third parties to expedite the decision process and loan closings for mortgage loans submitted for approval.
  • Takes initiative to keep current on changes in investor and M&T guidelines.
  • Ensures loans are in compliance with investor requirements, federal and state laws and regulations.
  • Responsibility to establish and maintain federal registration requirements outlined in the SAFE Act
  • Assist management to clear conditions and expedite loan closings.
  • Underwriters have frequent day–to-day communication with external and internal customers alike.

Qualification & Experience:

  • Associates degree or 2 years relevant experience. Three years mortgage processing/underwriting experience.

Job Details:

Company: M&T Bank

Vacancy Type:  Full Time

Job Location: Albany, NY, US

Application Deadline: N/A

Apply Here