M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate.

Overview:

Responsible for due diligence and direct underwriting specializing in Agency Affordable Housing and balance sheet/bridge loans. 

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 belonging 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.

Scope of Responsibilities:

Underwriters are required to use analytical skills to review rent roll, operating statements, financial statements, third party reports (real estate appraisals, market studies, physical needs reports and environmental reports) to make credit judgments and prepare the required application submissions to the appropriate agency.

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 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).

Ability to multi-task.

Proficiency Excel and Word programs.

Strong verbal and written communication skills.

Strong analytical skills.

Experience with taxable, tax-exempt, and preservation product types.

Why Choose MTRCC:

We are 1 of 5 US-based lenders offering Fannie Mae, Freddie Mac, FHA, bridge loans, life company, debt funds and other capital source relationships

Our parent company, M&T Bank, is one of the largest commercial real estate lenders in the United States. We leverage the power of our balance sheet and other financial services to provide a wide array of resources to fit our clients’ needs.

Approved Fannie Mae DUS® and Freddie Mac Optigo® lender since 1989

One of the nation’s leading firms providing FHA-insured multifamily mortgages and an approved MAP lender with 30+ years of experience

We offer a competitive Multifamily Bridge Loan Program aimed at providing customers with shorter-term financing solutions as a bridge to closing on an agency or life company execution

Our long-standing relationships with numerous life insurance company investors gives us flexibility during the term of a loan

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $97,869.52 - $163,115.87 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

Location:Clanton, Alabama, United States of America