Mortgage Underwriter

M&T Bank•Ballston Lake, NY

1d•$23 - $38

About The Position

Overview: 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. Primary Responsibilities: 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. 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. Supervisory/ Managerial Responsibilities: None. Education and Experience Required: Associates degree or 2 years relevant experience. Three years mortgage processing/underwriting experience. 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 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. View M&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 [email protected] 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. Career Site Privacy Notice

Requirements

Associates degree or 2 years relevant experience.
Three years mortgage processing/underwriting experience.
Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).

Responsibilities

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.