Mortgage Underwriter

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.
• Responsibility to establish and maintain federal registration requirements outlined in the SAFE Act.

Supervisory/ Managerial Responsibilities:

None.

Education and Experience Required:

Associates degree or 2 years relevant experience. Three years mortgage processing/underwriting experience.

Location