Mortgage Processor IV

Job Description

Overview
Senior Processor with exceptional analytical ability to assess conventional, portfolio and government loan requests based on product, underwriting, and investor guidelines.

Primary Responsibilities

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- Review and analyze condo, co-op and pud project documentation against current investor guidelines, ie: Agency, Govt, Portfolio. Documentation such as but not limited to:
- Questionnaires

- Project declarations/bylaws

- HOA Budgets/Financial Statements/Reserve Studies

- Engineer reports

- Open Litigations

- Project master insurance policies

- Document findings and provide clear loan-level decisions.

- Provide restructure recommendations when project does not meet specific loan program guidelines.

- Work with Risk Management (Mortgage Exception Review) to discuss risk with projects that fall into the non-warrantable category to determine whether any exception can be made.

- Work with all departments through post-closing to ensure all necessary information is included and accurately represented for loan delivery.

- Maintain knowledge of evolving investor requirements.

- Maintain effective communication with all necessary parties involved in a new loan application,

- Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines.

- Ensure adherence to all regulatory requirements and guidelines.

- Work closely with both Internal and External Customers such as grant providers, co-workers, borrowers, Loan Officers, municipalities, contractors, architects, HUD consultants, etc.

- Identify risk-related issues needing escalation to management.

- Promote an environment that supports belonging and reflects the M&T Bank brand.

- Complete other related duties as assigned.

Education and Experience Required

- Associates Degree or 4 years equivalent work experience.

- 4+ years prior mortgage processing or underwriting experience.

- Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe.

- Proficient with all Retail Requirements, including all state specifics

- 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.

Education and Experience Preferred

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- Trained to clear certain conditions as allowed in M&T Policies and Procedures.

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

R88896