Mortgage Processor III

3M HEALTHCARE; Ballston Lake (NY); On-site; USD 28,309 - 47,182; Full time

Job summary

M&T Bank is seeking a seasoned processor in Ballston Lake, New York, with strong analytical skills to assist in evaluating loan requests. The role includes maintaining communication among all parties involved in loan applications and monitoring related documentation for adherence to guidelines.

Applicants should possess an Associates Degree or equivalent experience and have two to three years of mortgage processing or underwriting experience. The position offers competitive hourly pay ranging from $20.55 to $34.25 based on experience.

Qualifications

• Associates Degree or two years equivalent work experience.
• Two to three years prior mortgage processing or underwriting experience.
• Strong analytical/mathematical background.

Responsibilities

• Maintain effective communication with all necessary parties involved in a loan application.
• Monitor and analyze credit reports, appraisals, and verifications.
• Review and accept loan conditions based on underwriter requirements.
• Identify risk-related issues needing escalation to management.

Skills

Analytical ability

Communication skills

Attention to detail

Good PC skills

Ability to multitask

Education

Associates Degree or equivalent experience

Two to three years mortgage processing experience

Tools

Excel

Word

Adobe

Job description

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