Mortgage Loan Specialist
3 weeks ago
As a Mortgage Originator at M&T Bank, you will be responsible for working with customers to identify and obtain permanent FHA/VA and conventional mortgage loans that best meet their financial needs and objectives. You will adhere to the requirements of federal registration under the SAFE Act.
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.
• 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 and the most appropriate mortgage loan programs.
• Make 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, including soliciting residential first mortgages through contacts with Realtors, builders, and developers.
• 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.
Requirements:
• 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.
• 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.
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