M&T Bank · 6 hours ago

Mortgage Originator

United States

Full-time

Remote

Entry, Mid Level

2+ years exp

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Hiring Manager

Ulderico Tempestoso

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Responsibilities

Interviews applicants to collect and analyze information regarding their income, assets, debts and credit data as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.

Independently assesses applicant’s credit worthiness. Has authority to issue pre-qualification statement of borrowers’ eligibility.

Determines which products best meet the customer’s needs and financial circumstances and advises potential borrowers regarding the advantages and disadvantages of different financial products and the most appropriate mortgage loan programs.

Makes recommendations to customers regarding other bank products or to alternative lending vehicles, as needed.

Cultivates new mortgage business. Markets, services and promotes the bank’s mortgage products. This includes the solicitation of residential first mortgages through contacts with Realtors, builders, and developers.

May be required to travel to and work at prospective customers’ homes or business locations. Follows-up on potential customers via travel or telephone.

Negotiates terms and conditions of loan with mortgagors. Has authority to bind the bank in connection therewith.

Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements.

Advises management on effective compliance strategies and potential modifications to corporate operating policies where appropriate to ensure ongoing regulatory compliance.

Independently monitors trends and developments in the local real estate market, as well as the changing rules and regulations pertaining to both private and government-insured mortgages.

Represents the bank in the community and related functions to identify, develop and promote additional business. May present seminars to general public and real estate agents to promote additional business and community outreach.

Qualification

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FHA/VA regulationsConventional loan requirementsReal estate lawSales experiencePersonal computers knowledgeWork under time constraints

Required

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