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    RCC Underwriter II

    M&T Bank
    Plano, SD 57340
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    Job Description


    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.

    LocationPlano, Texas, United States of America
    Posting ID: 579359220Posted: 2020-10-20