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RCC Underwriter II at M&T Bank

RCC Underwriter II

M&T Bank Plano, TX Full-Time
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Overview:

RCC Underwriter II specializing in either Agency Screening and Analysis, Agency Underwriting, FHA Map and Lean Underwriting, or Commercial Placement Underwriting.



Primary Responsibilities:

  • Position responsibilities include some or all of the following depending on product specialty:
  • Analyze/Spread operating statements for multifamily or commercial loan transactions in accordance with specific investor guidelines.
  • Responsible for accurate loan sizing and overall risk assessment prior to/or after application utilizing specific Investor underwriting guidelines and requirements.
  • Interview prospective borrowers and property managers to obtain critical property, management, and borrower details for each transaction.
  • Work closely with loan originators to help negotiate deal terms and resolve outstanding issues.
  • Interact with respective Investor Representatives (Fannie Mae, Freddie Mac, Life, HUD, etc) regarding loan transaction terms and waivers.
  • Inspect property in accordance with Investor guidelines (travel required-national).
  • Obtain and review all third party reports associated with each transaction as required by specific investor.
  • Completion of underwriting narrative/committee package.
  • Review of commitment letter and handoff to loan closing department.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Promote an environment that supports diversity and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.


Supervisory/ Managerial Responsibilities:

Indirect management/mentor of Agency loan processors or Junior FHA underwriters assigned to the transaction.



Education and Experience Required:

  • Bachelor's Degree or equivalent work experience and 5 years underwriting experience or related experience to include completion of multifamily inspection training (or similar work experience and credit training) or in lieu of a degree a combined minimum of 9 years’ higher education and/or work experience including a minimum of 5 years underwriting or related experience to include completion of multifamily inspection training (or similar work experience and credit training).
  • Good verbal and written communication skills.
  • Good analytical skills.
  • Proficiency Excel and Word programs.
  • Ability to multi-task.
  • Strong verbal and written communication skills.
  • Strong analytical skills.
  • Affordable Housing Specific: Experience with taxable, tax-exempt, and preservation product types.
  • HUD Specific: MAP and/or Healthcare designations.



Education and Experience Preferred:

For FHA MAP designation plus 232/LEAN certification desired.



Location

Plano, Texas, United States of America
 

Recommended skills

Analytical
Financial Auditing
Underwriting
Loans
Verbal Communication
Written Communication
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Job ID: R18818

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