Mortgage Underwriter

Job description

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...