Mortgage Senior Underwriter
Not Disclosed•Full-TimeOn-site
location_on320, Prospect Avenue, West Village, Downtown, Buffalo, Erie County, New York, 14201, United States
About the Role
This position is dedicated to underwriting mortgage loans, including government-backed options, to ensure they meet M&T Bank's standards and the requirements of secondary market investors. The role is critical for maintaining sound credit quality and ensuring the saleability of loans while adhering to Federal registration standards under the SAFE Act.
You will serve as a central point of contact, collaborating daily with internal teams such as Account Executives, Loan Officers, and Processors, as well as external partners like Realtors and Mortgage Brokers. Your work involves frequent communication to expedite decision-making and loan closings, requiring a deep understanding of investor guidelines and the ability to interpret Automated Underwriting System (AUS) findings like DU and LP.
Beyond initial underwriting, you will be responsible for re-underwriting and verifying a monthly sampling of loans to ensure documentation accuracy. You will also work to resolve post-closing issues and assist management in clearing conditions to facilitate timely closings. The role demands a proactive approach to staying current on changes in investor and M&T guidelines, as well as a commitment to maintaining strict internal control standards and compliance with regulatory audits.
Hiring Process
M&T Bank is committed to a fair and competitive hiring process. The successful candidate will be selected based on their specific combination of knowledge, skills, and experience.
Equal Opportunity
M&T Bank is committed to promoting an environment that supports belonging and reflects the M&T Bank brand. We are an equal opportunity employer and value diversity in our workforce.
Work location
Work model: On-site
320, Prospect Avenue, West Village, Downtown, Buffalo, Erie County, New York, 14201, United States
Buffalo, New York
Key Responsibilities
- check_circlePerform risk assessment of credit and collateral to ensure loan saleability
- check_circleResolve post-closing issues to maintain loan saleability and quality
- check_circleMaintain federal registration requirements under the SAFE Act
- check_circleUnderwrite conventional, FHA, and VA residential mortgage loans per investor guidelines
- check_circleCollaborate with internal staff and external parties to expedite loan closings
- check_circleMonitor and implement changes in investor and bank underwriting guidelines
- check_circleRe-underwrite and verify loan documentation samples to ensure accuracy
- check_circleEnsure loans comply with federal, state laws, and investor requirements
Requirements
- verifiedAssociate's degree or 2 years relevant work experience plus 4 years mortgage underwriting experience
- verifiedDirect Endorsement (DE) or LAPP approval
- verifiedThorough knowledge of DU/LP valuations
- verifiedThorough knowledge of conforming and non-conforming guidelines
- verifiedFull knowledge of credit risk
- verifiedUnderstanding of appraisals
- verifiedFederal registration requirements under the SAFE Act
Similar Job Opportunities
Skills, education and keywords
Skills: Mortgage Loans, Fha, Va, Aus, Manual Underwriting, Risk Assessment, Du, LP, Safe Act, Direct Endorsement.
Education: Associate's degree or equivalent experience required.
Frequently asked questions about Mortgage Senior Underwriter at M&T Bank
What does a Mortgage Senior Underwriter at M&T Bank do?expand_more
Day-to-day, the Mortgage Senior Underwriter at M&T Bank will perform risk assessment of credit and collateral to ensure loan saleability; resolve post-closing issues to maintain loan saleability and quality; maintain federal registration requirements under the safe act; and underwrite conventional, fha, and va residential mortgage loans per investor guidelines.
What are the requirements for this Mortgage Senior Underwriter role?expand_more
M&T Bank is looking for candidates who meet the following requirements: Associate's degree or 2 years relevant work experience plus 4 years mortgage underwriting experience; Direct Endorsement (DE) or LAPP approval; Thorough knowledge of DU/LP valuations; Thorough knowledge of conforming and non-conforming guidelines; Full knowledge of credit risk; and Understanding of appraisals.
Where is the Mortgage Senior Underwriter role at M&T Bank located?expand_more
Mortgage Senior Underwriter at M&T Bank is based in 320, Prospect Avenue, West Village, Downtown, Buffalo, Erie County, New York, 14201, United States. This is a on-site role.
Is this Mortgage Senior Underwriter job remote, hybrid, or on-site?expand_more
M&T Bank has listed this Mortgage Senior Underwriter role as on-site.
How much experience is required for this Mortgage Senior Underwriter role?expand_more
Mortgage Senior Underwriter at M&T Bank typically requires 2+ years of relevant experience at the senior level.
What skills do you need for the Mortgage Senior Underwriter role at M&T Bank?expand_more
Key skills for Mortgage Senior Underwriter at M&T Bank include Mortgage Loans; Fha; Va; Aus; Manual Underwriting; Risk Assessment; Du; and LP.
What education is required for Mortgage Senior Underwriter at M&T Bank?expand_more
Educational requirements for this role: Associate's degree or equivalent experience required.
What category does the Mortgage Senior Underwriter role belong to?expand_more
Mortgage Senior Underwriter at M&T Bank is part of the accounting & finance job category on Recrutus.