Mortgage Loan Originator

1 week ago


Syracuse, New York, United States M&T Bank Full time
Job Summary

We are seeking a highly skilled and experienced Mortgage Loan Originator to join our team at M&T Bank. As a Mortgage Loan Originator, you will be responsible for working with customers to identify and obtain permanent FHA/VA and conventional mortgage loans that meet their financial needs and objectives.

Key Responsibilities
  • Interview applicants to collect and analyze information regarding their income, assets, debts, and credit data to determine whether the loan will be an acceptable risk.
  • Independently assess applicant's credit worthiness and have authority to issue pre-qualification statements of borrowers' eligibility.
  • Determine which mortgage products best meet the customer's needs and financial circumstances and advise potential borrowers regarding the advantages and disadvantages of different financial products.
  • Make recommendations to customers regarding other bank products or alternative lending vehicles, as needed.
  • Cultivate new mortgage business by marketing, servicing, and promoting the bank's mortgage products.
  • Negotiate terms and conditions of loan with mortgagors and have authority to bind the bank in connection therewith.
  • Ensure lending compliance with all origination procedures, including bank policies and procedures and regulatory requirements.
  • Advise management on effective compliance strategies and potential modifications to corporate operating policies to ensure ongoing regulatory compliance.
  • Independently monitor trends and developments in the local real estate market and the changing rules and regulations pertaining to both private and government-insured mortgages.
  • Represent the bank in the community and related functions to identify, develop, and promote additional business.
Requirements
  • Associates degree and 2 years sales experience, or a combined minimum of 4 years higher education and/or relevant work experience, including a minimum of 2 years sales experience.
  • Thorough knowledge of FHA/VA regulations, conventional loan requirements, and real estate law.
  • Technical skills, including general knowledge of personal computers and software programs utilized by the Residential Mortgage Department.
  • Proven sales ability, strong mathematical skills, and self-motivated, well-organized individual with excellent verbal and written communication skills.
  • Ability to interact with individuals at all income levels and peers in a professional manner, and demonstrated ability to work independently and to follow through on details to completion.
Compensation

The pay range for this position is $41.27 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.



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