Job Information
M&T Bank IPA Loan Processor II in Clanton, Alabama
M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate.
Overview:
Position is responsible for the processing of Agency/HUD/Life Company loans originated by M&T Realty Capital Corporation in accordance with program requirements. Will work directly with all involved parties including, but not limited to, borrower/customer, broker/correspondent, originator, screener, underwriter, closer and delivery and is responsible for providing assistance to the underwriting team with the preparation and completion of mortgage loan applications.
Primary Responsibilities:
Prepare and maintain application exhibit checklist for internal and external parties.
Follow all policies and procedures regarding the processing of loan applications.
Schedule and attend internal and external kickoff and weekly due diligence calls.
Collect and organize application exhibit documents and review for completeness, consistency, and accuracy. Communicate findings to the underwriter and originator.
Save all documentation in the Document Management System.
Interact and communicate with internal and external parties in a timely manner on questions related to the transaction.
Review organizational charts/documents to identify all relevant parties to the transaction for purposes of due diligence requirements. Prepare required Agency/HUD/Life Company forms and certifications and send to borrower contact for completion.
Obtain and review credit reports, flood determinations, internet searches and other due diligence items as assigned, review for completeness, accuracy and identify findings/deficiencies.
Obtain quotes, engage, monitor receipt, and review all third-party reports (Appraisal, Engineering, Environmental, Green, Zoning, Seniors Operation and Management and/or other reports) as required by Agency/HUD/Life Company and product type.
Ensure completeness and accuracy of Agency/HUD/Life Company application exhibits to submit to Agency/HUD/Life Company and assemble electronic/hard copy versions as applicable.
Assemble Loan Packages for Committee review and Approval as required by program type. Compile all approved signatures into a single loan package for distribution. Save approved loan package in the document management system.
Provide guidance to less experienced staff
Serve as a point of reference for questions and identify and develop process improvements and efficiencies.
Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Complete other related duties as assigned.
Education and Experience Required:
Bachelor's degree and three years of multifamily/commercial real estate or similar experience or in lieu of a degree, 7 years combined education and multifamily/commercial real estate or similar experience
Strong knowledge of Microsoft Office products, especially Word and Excel.
Excellent verbal and written communication skills.
Strong interpersonal skills with the ability to interact with all levels of personnel and customer base.
Individual must be self-motivated, detail oriented and have strong time management skills.
Excellent organizational skills.
Ability to handle issues with external parties in a professional manner in conjunction with the team.
Must be able to meet deadlines, prioritize and handle multiple assignments, and adapt to change in a high volume and deadline oriented environment.
The ability to work both independently and in a team environment.
Education and Experience Preferred:
Prefer experience in real estate and/or multifamily real estate and banking.
Multifamily loan processing experience a plus
Desire and ability to work extra hours to complete assigned tasks and deadlines
Why Choose MTRCC:
We are 1 of 5 US-based lenders offering Fannie Mae, Freddie Mac, FHA, bridge loans, life company, debt funds and other capital source relationships
Our parent company, M&T Bank, is one of the largest commercial real estate lenders in the United States. We leverage the power of our balance sheet and other financial services to provide a wide array of resources to fit our clients’ needs.
Approved Fannie Mae DUS® and Freddie Mac Optigo® lender since 1989
One of the nation’s leading firms providing FHA-insured multifamily mortgages and an approved MAP lender with 30+ years of experience
We offer a competitive Multifamily Bridge Loan Program aimed at providing customers with shorter-term financing solutions as a bridge to closing on an agency or life company execution
Our long-standing relationships with numerous life insurance company investors gives us flexibility during the term of a loan
www.mtrcc.com
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $62,200.00 - $103,600.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.
Location:
Clanton, Alabama, United States of America
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.