Mortgage Administrator II (Closing Department) - M&T Realty Capital Corporation

Employer
M&T Bank
Location
Baltimore, MD
Posted
Oct 12, 2017
Closes
Oct 20, 2017
Function
Administrative
Hours
Full Time
M&T Realty Capital Corporation is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial properties, including multifamily, healthcare facilities, office, industrial, retail, and student, senior, and military housing. As a wholly-owned subsidiary of M&T Bank-one of the 20 largest US headquartered commercial bank holding companies-we have direct access to commercial/multifamily mortgage capital markets, and are fully accredited lenders for: Fannie Mae DUS(R) Freddie Mac Program Plus(R) FHA/HUD Healthcare (LEAN) FHA/HUD Multifamily (MAP) Life insurance companies Conduit Basic Function The primary function of this position is the closing of multifamily loans originated by M&T Realty Capital Corporation for sale to Fannie Mae and Freddie Mac in accordance with their requirements, and also including the closing of bridge and mezzanine loans retained by M&TRCC. Responsibilities include the review of GSE approvals, commitment letters and underwriting files, extracting critical information necessary for closings, facilitate effective coordination among all parties involved in closings (M&TRCC, closing counsel, borrower, borrower counsel, title agent, etc.), perform escrow analyses, prepare closing statements and represent M&TRCC at closings, as needed. In addition, the incumbent is responsible for the completion of loan boarding packages, the performance of post-closing follow-up functions and transitioning the loan to Asset Management/Servicing. Other responsibilities include train, coach and otherwise provide guidance to less experienced Closing staff and serve as a point of reference for closing related questions. Minimum Qualifications Bachelor's degree or the equivalent in work experience in the multifamily/commercial real estate industry. 6 years of previous closing, loan administration, asset management/servicing or underwriting experience relating to multifamily/commercial real estate loan transactions. Experience with a variety of software applications including Microsoft office systems and commercial loan information systems. Strong communication skills. Good interpersonal skills with the ability to interact with all levels of personnel. Ability to function effectively as a team member. Detail oriented and good time management skills . Ideal Qualifications Familiarity with Fannie Mae, Freddie Mac and/or HUD multifamily transactions is desired. About M&TAt M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future. Job Posting: Aug 22, 2017, 2:14:55 PM Unposting Date: Ongoing