Mortgage Processor III

M&T Bank Corporation; Cherry Hill Township (NJ); On-site; USD 31,147 - 51,894; Full time

Job summary

M&T Bank Corporation is seeking a seasoned processor in Cherry Hill, New Jersey, to assess loan requests based on extensive product and underwriting knowledge. The role involves effective communication with customers and various parties to ensure a seamless loan application experience.

The ideal candidate will have an Associate's Degree or two years of relevant experience, with a strong emphasis on analytical skills and attention to detail. Pay range is $22.61 - $37.67 hourly.

Qualifications

• Strong knowledge of product, underwriting, and investor guidelines.
• Experience in a fast-paced mortgage environment is preferred.

Responsibilities

• Maintain effective communication throughout the loan application process.
• Work with departments and external organizations for necessary documentation.
• Monitor and analyze credit reports and verifications.
• Scrutinize applications to assess qualifications and recommend solutions.

Skills

Strong analytical ability

Excellent verbal communication

Attention to detail

Ability to multitask

Good PC skills (Excel, Word, Adobe)

Education

Associate's Degree or two years equivalent work experience

Two to three years prior mortgage processing or underwriting experience

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 necessary information needed to complete an application (e.g., Verification of Employment, IRS Transcripts, title search, appraisal, bank statements, etc.).
• Immediately notify 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 preparing and mailing commitment letters, reviewing title and homeowner’s insurance, mailing loan suspend notices, providing the closing attorney with additional documentation, and all applicable processing checklists.
• Scrutinize a loan application to assess qualification, restructure a loan or recommend solutions.
• Empowered to review and accept loan conditions based on underwriter requirements.
• Ensure adherence to all regulatory requirements and guidelines.
• Identify risk‑related issues needing escalation to management.

Education and Experience Required

• Associate's 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 and prioritize daily workload.
• Strong attention to detail and work ethic, reliable and dependable.
• Ability to work in a team environment.

Pay Range

$22.61 - $37.67 hourly (USD).

Location

Cherry Hill, New Jersey, United States of America.

Equal Employment Opportunity Statement

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. M&T Bank Corporation has policies and procedures in place to promote a drug‑free workplace.