Mortgage Senior Underwriter

Overview

Responsible for underwriting mortgage loans, including government loans, to determine acceptability with M&T Bank and secondary market standards set by the investor to ensure saleability and sound credit quality while adhering to the requirements of Federal registration under the SAFE Act.

• Underwrite conventional (conforming and non‑conforming) FHA, VA residential mortgage loans per product and investor guidelines through AUS and/or manual underwriting.
• Ensure loans are in compliance with investor requirements, federal and state laws and regulations.
• Perform risk assessment of credit and collateral to ensure loan saleability and sound credit quality.
• Respond to and resolve any post‑closing issues to ensure loan saleability.
• Assist management to clear conditions and expedite loan closings.
• Keep informed of current practices in loan underwriting.
• Take initiative to stay current on changes in investor and M&T guidelines.
• Adhere to applicable compliance/operational risk controls in accordance with company or regulatory standards and policies.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points and issues raised by external regulators.
• Complete other related duties as assigned.

• Work 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 closings for mortgage loans submitted for approval.
• Maintain frequent day‑to‑day communication with external and internal customers.
• Develop a complete understanding of investor guidelines and the ability to run and interpret AUS findings (DU and LP).
• Re‑underwrite and verify a monthly sampling of loans to ensure documentation accuracy.
• Establish and maintain federal registration requirements outlined in the SAFE Act.

• Associate's degree, or in lieu of a degree, 2 years’ relevant work experience, plus 4 years mortgage underwriting experience, and Direct Endorsement (DE) or LAPP approval.
• OR Associate's degree, or in lieu of a degree, 2 years’ relevant work experience, plus 5 years underwriting experience to include 2 years’ experience on a unique product (CRA, construction, State Bond, etc.).
• OR Associate's degree, or in lieu of a degree, 2 years’ relevant work experience, plus 6 years conventional underwriting experience.
• Full knowledge of credit risk.
• Understanding of appraisals.
• Thorough knowledge of DU/LP valuations (automated underwriting).
• Knowledge of applicable industry tools to ensure saleability.
• Strong verbal and written communication skills with the ability to interact with all levels.
• Thorough knowledge of conforming and non‑conforming guidelines.
• Sound saleable decisions.
• Understanding of risk assessment of both credit and collateral processes and the impact on the saleability of individual loans.

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information, or any other characteristic protected under applicable federal, state or local laws.

M&T Bank Corporation has policies and procedures in place to promote a drug‑free workplace.