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