RCC Associate Underwriter

M&T Bank•Baltimore, MD

2d•Onsite

About The Position

M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate. This role involves working directly with M&T Realty Capital Corporation's (M&T RCC) Underwriters, analyzing operating statements and rent rolls. The Associate Underwriter will assist Underwriters in conducting initial reviews of third-party reports and evaluating transactions in accordance with FHA, Fannie Mae DUS, Freddie Mac Seller/Servicer Programs (Optigo), or other programs (i.e., Life Company or Conduit Loans). The position requires gathering all necessary information to populate underwriting narrative and modeling templates, and evaluating these with senior underwriters against M&T RCC's risk appetite and lending partners.

Requirements

Associate's Degree and 1 year of underwriting or related experience or in lieu of a degree a combined minimum of 3 years’ higher education and/or work experience including a minimum of 1 year underwriting or related experience.
Ability to multi-task
Good verbal and written communication skills
Good analytical skills
Proficiency with Excel and Word programs

Nice To Haves

Basic knowledge of Finance and/or commercial real estate preferred.

Responsibilities

Provide entry level analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, sponsor credit review, and preparation of loan sizing packages that have identified the overall risk assessment of the transaction, as well as providing supportable mitigates to minimize any risk identified
Assist Senior Members of the team with all aspects of the loan underwriting process
Review pertinent program guides to ensure that the property qualifies for the program and review what is required for the approval. Keep current on guide changes.
Attend necessary training and other enrichment opportunities.
Interact directly with customers and other members of the RCC team.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
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.