[Hiring] Mortgage Underwriter @M&T Bank

Role 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 and adhering to the requirements of federal registration under the SAFE Act.

• Underwrite conventional (conforming and non-conforming) 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 resolves any post-closing issues to ensure loan saleability.
• Assist management to clear conditions and expedite loan closings.
• Keeps informed of current practices in loan underwriting.
• Takes initiative to keep current on changes in investor and M&T guidelines.

Qualifications

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

Requirements

• Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).
• Works with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.) and external customers (Realtors, Mortgage Brokers, etc.) 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.
• The position will re-underwrite and verify monthly, a sampling of loans to ensure the accuracy of the documentation.

Benefits

• 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.
• 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