Foreclosure Document Specialist II at M&T Bank

Getzville, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, MortgageIndustries

Requirements

A combined 4 years’ higher education and/or work experience, including a minimum of 2 years’ banking/mortgage industry experience
Working knowledge of word processing, spreadsheet and email software
Excellent written and verbal communication skills
Detail oriented
Motivated, team player with a positive and friendly attitude

Responsibilities

Review a high volume of legal affidavits and associated backup documentation provided by Tier I Reviewer to ensure accuracy and compliance with state laws
Return affidavit to Tier I Reviewers if more information is needed
Review all documents for factual accuracy and compliance with federal and state foreclosure requirements, including text summaries of various loan activities, historical financials, compliant letter mailings and state specific interest calculations
Review required letters/notices to ensure they were sent correctly and accurately reflected in all affidavits and certifications submitted for review
Review the foreclosure status, bankruptcy status, and loss mitigation status of a loan and determine whether affidavits can be executed and sent to court to proceed with the foreclosure action
Review chain of mortgage assignments and note endorsements from origination through current holder to ensure proper foreclosure standing
Understand complex power of attorney agreements to identify when documents can be signed
Work with attorney firms to resolve any discrepancies while maintaining stringent turn times
Ability to understand legal explanations to determine when a concern has been properly explained or when an escalation is needed
Maintain knowledge of and compliance with different regulations for each state
Occasionally appear in court as a witness to attest to business records
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies
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
Promote an environment that supports belonging and reflects the M&T Bank brand
Complete other related duties as assigned

Skills

Legal Affidavits Review

Foreclosure Compliance

State Regulations

Mortgage Assignments

Note Endorsements

Power of Attorney

Bankruptcy Status

Loss Mitigation

Document Accuracy

Court Testimony

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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