Mortgage Processor IV

M&T Bank; Ballston Lake (NY); On-site; USD 31,000 - 52,000; Full time

Job summary

M&T Bank in Ballston Lake, NY is seeking a Senior Processor to assess condo, co-op and PUD loan requests against investor guidelines and underwriting standards.

You will review documentation, determine loan-level decisions, and collaborate with Risk Management and other departments to ensure accurate loan delivery while adhering to regulatory requirements.

Qualifications

• Associates Degree or 4 years equivalent work experience.
• 4+ years mortgage processing or underwriting experience.
• Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe.
• Proficient with all Retail Requirements, including state specifics.

Responsibilities

• Review and analyze condo, co-op and pud project documentation against current investor guidelines, ie: Agency, Govt, Portfolio.
• Document findings and provide clear loan-level decisions.
• Provide restructure recommendations when project does not meet specific loan program guidelines.
• Work with Risk Management to discuss risk with projects that fall into the non-warrantable category to determine whether any exception can be made.
• Work with all departments through post-closing to ensure all necessary information is included and accurately represented for loan delivery.
• Maintain knowledge of evolving investor requirements.
• Maintain effective communication with all necessary parties involved in a new loan application.
• Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines.
• Ensure adherence to all regulatory requirements and guidelines.
• Work closely with both Internal and External Customers such as grant providers, co-workers, borrowers, Loan Officers, municipalities, contractors, architects, HUD consultants, etc.
• 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.

Skills

Analytical thinking

Decision making

Strong communication

Detail oriented

Education

Associate's Degree or 4 years equivalent

Tools

Excel

Word

Email Platform

Adobe

Job description

Overview

Senior Processor with exceptional analytical ability to assess conventional, portfolio and government loan requests based on product, underwriting, and investor guidelines.

Primary Responsibilities

• Review and analyze condo, co-op and pud project documentation against current investor guidelines, ie: Agency, Govt, Portfolio. Documentation such as but not limited to:
  • Questionnaires
  • Project declarations/bylaws
  • HOA Budgets/Financial Statements/Reserve Studies
  • Engineer reports
  • Open Litigations
  • Project master insurance policies
• Document findings and provide clear loan-level decisions.
• Provide restructure recommendations when project does not meet specific loan program guidelines.
• Work with Risk Management (Mortgage Exception Review) to discuss risk with projects that fall into the non-warrantable category to determine whether any exception can be made.
Work with all departments through post-closing to ensure all necessary information is included and accurately represented for loan delivery.
• Maintain knowledge of evolving investor requirements.
• Maintain effective communication with all necessary parties involved in a new loan application,
• Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines.
• Ensure adherence to all regulatory requirements and guidelines.
• Work closely with both Internal and External Customers such as grant providers, co-workers, borrowers, Loan Officers, municipalities, contractors, architects, HUD consultants, etc.
• 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 4 years equivalent work experience.
• 4+ years prior mortgage processing or underwriting experience.
• Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe.
• Proficient with all Retail Requirements, including all state specifics
• 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.

Education And Experience Preferred

• Trained to clear certain conditions as allowed in M&T Policies and Procedures.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 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