Mortgage Underwriter

M&T Bank; United States; Remote; Full time

Job summary

M&T Bank is seeking a Mortgage Underwriter responsible for assessing mortgage loans to ensure compliance with investor guidelines and federal regulations. The role includes underwriting loans, performing risk assessments, and collaborating with internal and external stakeholders to expedite loan processes. Candidates should have relevant experience and an associates degree.

Qualifications

• 2 years relevant experience required.
• 3 years mortgage processing/underwriting experience.

Responsibilities

• Underwrite conventional residential mortgage loans per product and investor guidelines.
• Ensure compliance with investor requirements and federal laws.
• Perform risk assessments of credit and collateral.

Skills

Underwriting

Risk Assessment

Compliance

Education

Associates degree

Three years mortgage processing/underwriting experience

Job description

Responsible for underwriting mortgage 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:

1. Underwrite conventional (conforming and non-conforming) residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting.
2. Ensure loans are in compliance with investor requirements, federal and state laws and regulations.
3. Perform risk assessments of credit and collateral to ensure loan saleability and sound credit quality.
4. Respond to and resolve post-closing issues to ensure loan saleability.
5. Assist management in clearing conditions and expediting loan closings.
6. Stay informed of current practices in loan underwriting.
7. Take initiative to stay current on changes in investor and M&T guidelines.

Scope of Responsibilities:

1. Collaborate with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.) and external customers (Realtors, Mortgage Brokers, etc.) and third parties to expedite decision processes and loan closings.
2. Maintain frequent communication with internal and external customers.
3. Understand investor guidelines thoroughly and be able to interpret AUS findings (DU and LP).
4. Re-underwrite and verify a sampling of loans monthly to ensure documentation accuracy.
5. Establish and maintain compliance with federal registration requirements outlined in the SAFE Act.

Supervisory/Managerial Responsibilities:

None.

Education and Experience Required:

Associates degree or 2 years relevant experience. Three years mortgage processing/underwriting experience.

Additional Information:

The pay range for this position is $20.94 - $34.91 hourly (USD). Compensation will depend on the candidate’s knowledge, skills, and experience. This range reflects our national pay scale; actual pay may vary based on location.