Mortgage Senior Underwriter

Underwriting Mortgage Loans

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

Scope of Responsibilities

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 saleability 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.

Location

Ballston Lake, New York, United States of America