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Mortgage Processor III
M&T Bank. Maintain effective communication with all necessary parties involved in a new loan application, 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 a new loan application, including customers, loan officers, realtors, settlement agents, municipalities, and co-workers.
- Obtain processing-related documentation and information needed to complete applications, including Verification of Employment, 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 the origination department, including preparing and mailing 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, and recommend solutions.
- Review and accept loan conditions based on underwriter requirements.
- Ensure adherence to regulatory requirements and guidelines.
- Evaluate borrower fee structure 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 that supports belonging and reflects 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.