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Senior Underwriter Manager

Job Summary:We are seeking an experienced and results-driven Underwriting Manager to lead a mortgage underwriting team. The Underwriting Manager will oversee the underwriting process, ensuring that all mortgage loans are underwritten in compliance with regulatory requirements, M&T policies, and investor standards. The successful candidate will possess strong leadership skills, in-depth knowledge of mortgage underwriting, and a commitment to maintaining high-quality standards.Key Responsibilities:• Team Leadership: Manage, mentor, and develop a team of mortgage underwriters, providing guidance and support to ensure high performance and professional growth.• Loan Review: Oversee the underwriting of mortgage loan applications to assess creditworthiness, collateral, and risk, making final decisions on loan approvals or denials.• Compliance: Ensure that all underwriting activities are conducted in accordance with federal and state regulations, investor guidelines, and internal policies.• Risk Management: Identify, analyze, and mitigate potential risks in the underwriting process, recommending policy changes as necessary.• Quality Control: Establish and maintain quality control procedures to ensure the accuracy and integrity of the underwriting process.• Process Improvement: Continuously evaluate and improve underwriting processes to enhance efficiency, reduce turnaround times, and maintain service levels.• Collaboration: Work closely with other departments, including sales, processing, and closing, to ensure seamless communication and a smooth loan process.• Reporting: Prepare and present regular reports on underwriting performance, trends, and challenges to senior management.• Training: Develop and implement training programs to keep the underwriting team current on industry trends, regulatory changes, and best practices.Supervisory/ Managerial Responsibilities:Responsible for multiple direct reports at both a supervisor and / or operations manager level. Oversee a department of 15+ employees.Education and Experience Required:Bachelor’s Degree and a minimum of 5 years operations experience,OR in lieu of a degree,A combined minimum of 9 years higher education and/or work experience, included a minimum of 5 years operations experience.Minimum Five Years Supervisory/management Experience.Knowledge of process improvement methodology and business process management techniquesExcellent verbal and written communication skills.Strong interpersonal skills necessary for business partner relationships within and outside organization.SAFE Act registration requiredEducation and Experience Preferred:Master’s DegreeAbility to work individually as well as a member of a team.Self-motivated, well-organized individual.Ability to work under time constraints.Ability to handle multiple tasks in support of various assignments.Ability to function professionally at many different levels (clients, management, and peers).Knowledge of applicable products, systems and workflows.Proficient in software utilized in department to include Microsoft Office.Knowledge of bank strategic vision and mission with ability to link specific department/division mission.Knowledge of bank-wide policies and procedures and responsible area.• Certifications: Relevant certifications are a plus. Direct Endorsement Underwriter certification or 3 years of experience with complex transactions is required.• Knowledge: Comprehensive understanding of mortgage products, underwriting guidelines, and regulatory requirements.• Leadership Skills: Proven ability to lead and motivate a team, manage multiple priorities, and drive results in a fast-paced environment.• Communication: Excellent verbal and written communication skills, with the ability to effectively convey complex information to both technical and non-technical audiences.• Problem-Solving: Strong decision-making and problem-solving abilities, with a focus on delivering high-quality outcomes.M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $85,104.04 - $141,840.07 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBallston Lake, New York, United States of America
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CEO of M&T Bank
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Rene F Jones
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Average salary estimate

$113472 / YEARLY (est.)
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$85104K
$141840K

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What You Should Know About Senior Underwriter Manager, M&T Bank

Are you a seasoned professional in mortgage underwriting looking for a new opportunity? M&T Bank is on the lookout for a Senior Underwriter Manager to join our team in scenic Ballston Lake, NY. In this pivotal role, you'll lead a dynamic team of underwriters, ensuring that all mortgage loans meet compliance regulations while also aligning with M&T Bank's policies and investor standards. Your leadership will shine as you mentor and develop your team, providing the guidance necessary for both individual growth and overall success. You’ll oversee the entire underwriting process, evaluating loan applications and making final decisions regarding approvals or denials. Quality control and risk management will be a big part of your job, as you’ll analyze potential risks and implement necessary policy changes. You’ll collaborate across departments to ensure a smooth loan process and report on performance trends to senior management. With your comprehensive understanding of mortgage products and a strong ability to communicate, you will navigate the complexities of the industry with confidence. If you have a knack for process improvement and lead teams effectively, we want to hear from you. Join M&T Bank and help us maintain our commitment to excellence in the mortgage industry!

Frequently Asked Questions (FAQs) for Senior Underwriter Manager Role at M&T Bank
What are the key responsibilities of the Senior Underwriter Manager at M&T Bank?

The Senior Underwriter Manager at M&T Bank is responsible for leading a mortgage underwriting team, overseeing the underwriting process, ensuring compliance with regulations, and making final decisions on loan applications. They will also manage quality control, enhance departmental processes, and collaborate with other teams to ensure seamless communication throughout the loan process.

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What qualifications are required for the Senior Underwriter Manager position at M&T Bank?

To be considered for the Senior Underwriter Manager position at M&T Bank, candidates should have a Bachelor's Degree along with at least 5 years of operations experience or a combined 9 years of higher education and relevant work experience, with a focus on supervisory or management roles. Knowledge of process improvement methodologies and strong communication skills are essential traits for applicants.

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What is the salary range for the Senior Underwriter Manager at M&T Bank?

The salary range for the Senior Underwriter Manager at M&T Bank is between $85,104.04 and $141,840.07 annually. Compensation will be determined based on the successful candidate's unique combination of knowledge, skills, and experience.

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Does M&T Bank require any specific certifications for the Senior Underwriter Manager position?

Yes, for the Senior Underwriter Manager position at M&T Bank, relevant certifications are a plus, with Direct Endorsement Underwriter certification or equivalent experience in complex transactions being mandatory.

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How does the Senior Underwriter Manager contribute to team performance at M&T Bank?

The Senior Underwriter Manager plays a crucial role in enhancing team performance at M&T Bank by mentoring team members, providing continuous training, establishing quality control standards, and fostering an environment of collaboration. This leadership helps ensure high-quality outcomes in the underwriting processes.

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Common Interview Questions for Senior Underwriter Manager
How do you ensure compliance in the underwriting process?

To ensure compliance, I regularly review both federal and state regulations and update our internal policies accordingly. I also establish robust training sessions for the underwriting team to keep everyone informed about current compliance requirements and best practices.

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Can you describe your approach to risk management in underwriting?

My approach to risk management involves identifying potential risks early in the underwriting process and implementing mitigation strategies. I conduct thorough loan reviews and utilize data analytics to assess risk levels accurately.

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How do you handle conflicts within your team?

I believe in open and effective communication. I encourage team members to voice their concerns and I mediate discussions to foster an environment of respect and collaboration, ultimately leading to constructive solutions.

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What strategies do you leverage for team development?

I invest in the professional growth of my team through tailored training programs, regular feedback sessions, and mentoring. I also promote cross-training to ensure versatility and continuous learning among the team members.

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Describe a time you implemented a process improvement in underwriting. What was the impact?

In my last role, I spearheaded a process improvement initiative that reduced our underwriting turnaround time by 20%. This was achieved by streamlining our workflow and integrating new software tools that enhanced collaboration within the team.

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How do you maintain quality control in underwriting operations?

I implement quality control procedures by conducting regular audits of underwriting files and establishing performance metrics. I also ensure feedback loops are in place so that any inaccuracies can be addressed promptly and preventively.

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What methods do you use to communicate complex underwriting concepts to non-underwriters?

I employ visual aids, simplified language, and practical examples when explaining complex underwriting concepts. This approach facilitates better understanding and keeps everyone informed on critical processes.

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How do you stay updated on changes in mortgage underwriting regulations?

I subscribe to industry newsletters, participate in webinars, and maintain an active network within the mortgage industry. This allows me to stay informed about regulatory changes and best practices, ensuring compliance and efficiency.

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What qualities do you think are essential for a Senior Underwriter Manager?

Key qualities for a Senior Underwriter Manager include strong leadership, excellent communication skills, a deep understanding of the underwriting process, and a commitment to continuous improvement. These qualities ensure effective team management and high-quality loan evaluations.

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How do you prioritize your tasks as a Senior Underwriter Manager?

I use a strategic approach to prioritize tasks by assessing urgency and impact. By balancing team needs and regulatory deadlines effectively, I ensure that we maintain productivity without compromising quality in our underwriting processes.

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We strive to be the best company our employees ever work for, the best bank our customers ever do business with, and the best investment our shareholders ever make.

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Full-time, on-site
DATE POSTED
December 22, 2024

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