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Mortgage Senior Underwriter
| Company | M&T Bank |
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| Location | Alabaster, AL, USA |
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| Salary | $24.76 – $41.27 |
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| Type | Full-Time |
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| Degrees | Associate’s |
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| Experience Level | Senior |
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Requirements
- Associate’s degree, or in lieu of a degree, 2 years’ relevant work experience, plus 4 years mortgage underwriting experience, and Direct Endorsement (DE) or LAPP approval
- OR-Associate’s degree, or in lieu of a degree, 2 years’ relevant work experience, plus 5 years underwriting experience to include 2 years’ experience on a unique product (CRA, construction, State Bond, etc.)
- OR-Associate’s degree, or in lieu of a degree, 2 years’ relevant work experience, plus 6 years conventional underwriting experience
- Full knowledge of credit risk
- Understanding of appraisals
- Thorough knowledge of DU/LP valuations (automated underwriting)
- Knowledge of applicable industry tools to ensure saleability
- Strong verbal and written communication skills with ability to interact with all levels
- Thorough knowledge of conforming and non-conforming guidelines
- Sound saleable decisions
- Understanding of risk assessment of both credit and collateral process and the impact to the saleability of individual loans.
Responsibilities
- Underwrite conventional (conforming and non-conforming) FHA, VA 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 resolved any post-closing issues to ensure loan saleability
- Assist management to clear conditions and expedited loan closings
- Keep informed of current practices in loan underwriting
- Take initiative to keep current on changes in investor and M&T guidelines
- Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies
- 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
Preferred Qualifications
No preferred qualifications provided.
