Salesforce is hiring a Mortgage Senior Underwriter to underwrite mortgage loans ensuring compliance with bank, investor, and regulatory standards. In this role, you will perform risk assessment of credit and collateral to ensure loan saleability and sound credit quality.
What You'll Do
- Underwrite conventional (conforming and non-conforming), FHA, and 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 ensuring 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 and changes in investor and M&T guidelines.
- Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
- Re-underwrite and verify monthly, a sampling of loans to insure the accuracy of the documentation.
- Establish and maintain federal registration requirements outlined in the SAFE Act.
What We're Looking For
- 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 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 process and the impact to the saleability of individual loans.
Team & Environment
You will work with internal staff such as Account Executives, Loan Officers, Broker Coordinators, and Loan Processors, as well as external customers including Realtors and Mortgage Brokers, and third parties.
Benefits & Compensation
- Compensation: $24.76 - $41.27 Hourly (USD)
Work Mode
This position requires an onsite work mode in Clanton, Alabama, United States of America.
We promote an environment that supports belonging and reflects the M&T Bank brand.
