Mortgage Senior Underwriter

M&T Bank Corporation; Clanton (AL); Remote; Full time

Job summary

Join M&T Bank as a Mortgage Senior Underwriter, responsible for underwriting mortgage loans while adhering to federal regulations. This remote position requires strong communication skills and a thorough understanding of underwriting processes. You will engage with both internal staff and external customers to ensure loan saleability and compliance. The role offers competitive benefits and a commitment to community involvement.

Benefits

Competitive benefits including medical and retirement

Forty hours of paid volunteer time annually

Qualifications

• Associate's degree or 2 years of relevant work plus 4 years of mortgage underwriting experience.
• Direct Endorsement (DE) or LAPP approval is preferable.
• Full knowledge of credit risk and conforming guidelines.

Responsibilities

• Underwrite conventional FHA, VA residential mortgage loans per guidelines.
• Ensure loans comply with federal and state laws and regulations.
• Maintain registration requirements under the Federal SAFE Act.

Skills

Strong verbal and written communication skills

Credit risk assessment

Knowledge of appraisals

Understanding of automated underwriting

Education

Associate's degree

Tools

DU/LP valuations

Job description

Mortgage Senior Underwriter page is loaded

Mortgage Senior Underwriter

Apply remote type Remote Eligible, USA locations Remote, USA time type Full time posted on Posted Yesterday job requisition id R76939

Overview:

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

Primary Responsibilities:

• Underwrite conventional (conforming and non-conforming) FHA, VA residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting.
• Ensures loans are in compliance with investor requirements, federal and state laws and regulations.
• Performs risk assessment of credit and collateral ensuring loan saleability and sound credit quality.
• Responds to and resolved any post-closing issues to ensure loan saleability.
• Assist management to clear conditions and expedited loan closings.
• Keep informed of current practices in loan underwriting.
• Take initiative to keep current on changes in investor and M&T guidelines.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.
• Responsible for meeting and maintaining registration requirements under the Federal SAFE Act

Scope of Responsibilities:

• 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.
• Underwriters have frequent day-to-day communication with external and internal customers alike.
• Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).
• The position will re-underwrite and verify monthly, a sampling of loans to insure the accuracy of the documentation.
• Responsibility to establish and maintain federal registration requirements outlined in the SAFE Act.

Supervisory/ Managerial Responsibilities:

None.

Education and Experience Required:

Associate's degree,

or in lieu of a degree, 2 years' relevant work experience, plus 4 years mortgage underwriting experience, and Direct Endorsement (DE) or LAPP approval.-OR-Associate's degree, or in lieu of a degree, 2 years' relevant work experience, plus 5 years underwriting experience to include 2 years' experience on a unique product (CRA, construction, State Bond, etc.)-OR-Associate's degree, or in lieu of a degree, 2 years' relevant work experience, plus 6 years conventional underwriting experience.

Full knowledge of credit riskUnderstanding of appraisals.

Thorough knowledge of DU/LP valuations (automated underwriting).

Knowledge of applicable industry tools to ensure saleability.

Strong verbal and written communication skills with ability to interact with all levels.

Thorough knowledge of conforming and non-conforming guidelines.

Sound saleable decisions.Understanding of risk assessment of both credit and collateral process and the impact to the saleabilty of individual loans.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $24.76 - $41.27 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

Location

Clanton, Alabama, United States of America

Similar Jobs (1)

Mortgage Senior Underwriter

remote type Remote Eligible, USA locations Remote, USA time type Full time posted on Posted 5 Days Ago

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution.

As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. ViewM&T’s Human Capital Report to learn more.

Ready to join our team? Submit your application today!

If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at [e-mail] for assistance.

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.