Mortgage Originator

M&T Bank Corporation; Radnor (Delaware County); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Commission-based compensation

Job summary

M&T Bank Corporation in Radnor, PA is seeking a Mortgage Loan Officer to focus on permanent FHA/VA and conventional mortgage loans. You will interview applicants, analyze income, assets, debts, and credit data to determine loan eligibility and recommend suitable programs.

The role requires knowledge of FHA/VA regulations, strong sales skills, and the ability to travel to client sites. You will market mortgage products, ensure regulatory compliance, and build relationships with Realtors and

Qualifications

• Knowledge of FHA/VA regulations and conventional loan requirements.
• Excellent verbal and written communication skills.
• Ability to interact with individuals at all income levels and peers professionally.

Responsibilities

• Interviews applicants to collect and analyze income, assets, debts and credit data to assess loan eligibility.
• Independently assesses applicant’s credit worthiness.
• Advises borrowers on mortgage products and programs and negotiates loan terms.
• Markets and promotes the bank’s mortgage products and develops new business.
• Travels to client homes or business locations as needed and follows up with prospects.
• Ensures lending compliance with origination procedures and regulatory requirements.

Skills

Sales experience

Communication skills

Mathematical skills

Self-motivated

Organization

Education

Associate's degree

Job description

Overview

Primarily responsible for working with customers interested in identifying and obtaining permanent FHA/VA and conventional mortgage loans and other residential mortgage programs that best meet the customer’s financial needs and objectives, and adhering to the requirements of federal registration under the SAFE Act.

Primary Responsibilities

• Interviews applicants to collect and analyze information regarding their income, assets, debts and credit data as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.
• Independently assesses applicant’s credit worthiness.
• Has authority to issue pre‑qualification statement of borrowers’ eligibility.
• Determines which products best meet the customer’s needs and financial circumstances and advises potential borrowers regarding the advantages and disadvantages of different financial products and the most appropriate mortgage loan programs.
• Makes recommendations to customers regarding other bank products or alternative lending vehicles, as needed.
• Cultivates new mortgage business.
• Markets, services and promotes the bank’s mortgage products; includes the solicitation of residential first mortgages through contacts with Realtors, builders, and developers.
• May be required to travel to and work at prospective customers’ homes or business locations.
• Follows up on potential customers via travel or telephone.
• Negotiates terms and conditions of loan with mortgagors and has authority to bind the bank in connection therewith.
• Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements.
• Advises management on effective compliance strategies and potential modifications to corporate operating policies to ensure ongoing regulatory compliance.
• Independently monitors trends and developments in the local real estate market and changing rules and regulations pertaining to both private and government‑insured mortgages.
• Represents the bank in the community and related functions to identify, develop and promote additional business.
• May present seminars to the general public and real‑estate agents to promote additional business and community outreach.

Scope of Responsibilities

The incumbent always works under limited supervision, sometimes away from the office. The position requires extensive external contacts (potential and existing customers, Realtors, etc.), as well as internal contacts with other bank personnel, primarily on sales calls outside the office. It involves interacting with individuals and teams internally and within the community assigned, developing new relationships and maintaining existing relationships, and a responsibility to establish and maintain federal registration requirements outlined in the SAFE Act.

Education and Experience Required

• Associate's degree and 2 years sales experience, or in lieu of a degree, a combined minimum of 4 years higher education and/or relevant work experience, including a minimum of 2 years sales experience.
• Thorough knowledge of FHA/VA regulations, conventional loan requirements, and real estate law.

Education and Experience Preferred

• General knowledge of personal computers and software programs utilized by the Residential Mortgage Department.
• Proven sales ability.
• Strong mathematical skills.
• Self‑motivated, well‑organized individual.
• Excellent verbal and written communication skills.
• Ability to interact with individuals at all income levels and peers in a professional manner.
• Demonstrated ability to work independently and to follow through on details to completion.
• Ability to work under critical time constraints.

Compensation

M&T Bank is committed to fair, competitive, and market‑informed pay for our employees. Compensation for this role is based on commission – a draw will be advanced. The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Radnor, Pennsylvania, United States of America.

Equal Employment Opportunity

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information, or any other characteristic protected under applicable federal, state or local laws.