Mortgage Underwriter

📋 Description

• • Underwrite conventional residential mortgage loans (conforming and non-conforming) in accordance with M&T Bank and investor guidelines using AUS (DU and LP) and manual underwriting methods.
• • Ensure all mortgage loans comply with investor requirements, federal and state laws and regulations to maintain loan saleability and credit quality.
• • Perform comprehensive risk assessments of borrower creditworthiness and collateral to evaluate loan acceptability and adherence to underwriting standards.
• • Resolve post-closing issues to ensure loans meet secondary market saleability criteria and avoid repurchase risk.
• • Collaborate with internal teams including Account Executives, Loan Officers, Broker Coordinators, and Loan Processors to expedite loan approval and closing timelines.
• • Communicate regularly with external parties such as Realtors and Mortgage Brokers to clarify documentation, address conditions, and facilitate timely loan decisions.
• • Re-underwrite and verify a monthly sampling of previously approved loans to confirm accuracy of documentation and consistency with underwriting standards.
• • Maintain current knowledge of evolving investor guidelines, M&T Bank policies, and regulatory requirements affecting mortgage underwriting.
• • Take proactive initiative to stay informed on industry best practices, changes in federal registration requirements under the SAFE Act, and updates to automated underwriting systems.
• • Support management by clearing underwriting conditions and accelerating loan closings without compromising compliance or risk controls.
• • Operate with full understanding of AUS outputs (DU and LP) and apply interpretations accurately to determine loan eligibility and risk exposure.
• • Work remotely as a fully distributed role with frequent daily communication across internal and external stakeholders to ensure seamless loan processing.
• • Adhere to all compliance obligations tied to federal registration under the SAFE Act while performing underwriting duties.
• • Maintain accurate documentation and decision records to support audit readiness and regulatory scrutiny.