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Mortgage Processor III
M&T Bank. Maintain effective communication with all necessary parties involved in new loan applications, including customers, loan officers, realtors, settlement agents, municipalities, and co-workers.
About the role
Key responsibilities & impact- Maintain effective communication with all necessary parties involved in new loan applications, including customers, loan officers, realtors, settlement agents, municipalities, and co-workers.
- Obtain processing-related documentation and information from internal departments and external organizations, including employment verifications, IRS transcripts, title searches, appraisals, and bank statements.
- Notify necessary parties of irregularities relative to standard mortgage guidelines.
- Monitor, update, and analyze credit reports, appraisals, income documentation, and verifications for adherence to product, underwriting, and investor guidelines.
- Perform administrative duties supporting mortgage origination, including preparing commitment letters, reviewing title and homeowner’s insurance, mailing loan suspend notices, providing closing attorneys with documentation, and completing processing checklists.
- Scrutinize loan applications to assess qualification, restructure loans, or recommend solutions.
- Review and accept loan conditions based on underwriter requirements.
- Ensure adherence to regulatory requirements and guidelines.
- Evaluate borrower fee changes and recreate required regulatory documents.
- Work with internal and external customers, including co-workers, borrowers, and loan officers.
- Identify risk-related issues requiring escalation to management.
- Promote an environment supporting belonging and reflecting the M&T Bank brand.
- Complete other related duties as assigned.
Requirements
What you’ll need- Associates Degree or two years equivalent work experience.
- Two to three years prior mortgage processing or underwriting experience.
- Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe.
- Ability to make sound decisions based on information provided.
- Knowledge of Product, Investor and Compliance Requirements.
- Versatility and flexibility working within an ever changing fast paced mortgage environment.
- Adapting to new policies and procedures to improve processes and workflow.
- Ability to function independently within time constraints.
- Excellent verbal and written communication skills.
- Highly organized with the ability to multitask.
- Strong attention to detail.
- Prioritization of daily workload.
- Ability to work in a team environment.
- Strong work ethic, reliable and dependable.