Mortgage Loan Specialist
4 weeks ago
Mortgage Loan Specialist Job Description
Overview:
As a Mortgage Loan Specialist at M&T Bank, 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. You will adhere to the requirements of federal registration under the SAFE Act.
Primary 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.
- Obtain and analyze pertinent financial and credit data to assess the applicant's credit worthiness.
- Determine which products best meet the customer's needs and financial circumstances and advise potential borrowers regarding the advantages and disadvantages of different financial products.
- Makes recommendations to customers regarding other bank products or to alternative lending vehicles, as needed.
- Cultivate new mortgage business by marketing, servicing, and promoting the bank's mortgage products.
Scope of Responsibilities:
The Mortgage Loan Specialist will work under limited supervision, sometimes away from the office. The position requires extensive external contacts with potential and existing customers, Realtors, etc., as well as internal contacts with other Bank personnel primarily on sales calls outside the office.
Education and Experience Required:
An Associates degree and 2 years sales experience, or in lieu of a degree, a combined minimum of 4 years higher education and/or relevant work experience, including a minimum of 2 years sales experience.
Education and Experience Preferred:
Technical skills, general knowledge of personal computers and software programs utilized by Residential Mortgage Department, proven sales ability, strong mathematical skills, self-motivated, well-organized individual, excellent verbal and written communication skills, ability to interact with individuals at all income levels and peers in a professional manner, demonstrated ability to work independently and to follow through on details to completion, ability to work under critical time constraints.
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