M&T Bank

Foreclosure Specialist II

United States

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Mortgage ServicesIndustries

Position Overview

  • Location Type: Not Specified
  • Employment Type: Full Time
  • Salary: Not Specified

This position is responsible for managing the foreclosure process for an assigned portfolio of mortgage loans, contested foreclosures or loans in other litigation to ensure foreclosure is completed timely in accordance with investor guidelines and for providing administrative support related to the foreclosure process.

Responsibilities

  • Monitor progress of the foreclosure action from referral to post foreclosure, including management of issues raised, holds placed and review/research needed to complete the foreclosure action.
  • Communicate with foreclosure attorneys to understand, minimize and avoid delays during the foreclosure.
  • Work with foreclosure attorney to resolve simple contested/litigation actions and title issues to allow completion of the foreclosure action.
  • Provide necessary status updates to investors during the foreclosure process.
  • Assemble and provide documentation in response to investor or regulatory audit requests.
  • Generate various scheduled and ad hoc reports as needed for Foreclosure, including but not limited to monthly scorecard reporting, exception reporting, and workflow tracking reports.
  • Ensure investor deadlines within the foreclosure are met, including but not limited to FHA 1st legal deadlines and FHA eviction 1st legal deadlines.
  • Prepare bidding instructions according to investor guidelines and ensure proper bidding for sales where M&T’s lien is not in first position.
  • Review VA appraiser invoices for payment.
  • Obtain necessary W-9, set up payee header and submit invoice for payment.
  • Perform initial review of documents required for foreclosure or simple contested litigation, gathering of backup and submission to Tier 2 Reviewer for further review and execution.
  • Review equity position and prepare necessary equity analysis for potential charge off.
  • Provide sale results to investor, MI companies and other necessary parties, updating systems as required.
  • Work with attorneys to ensure proper reporting of foreclosure status to investors.
  • Manage a variety of assigned tasks to hold, close or proceed with foreclosure taking action within the required service level agreement.
  • Complete daily Sale Result QC for Foreclosure team.
  • Monitor, distribute and respond to emails sent to Team email boxes.
  • Receive, review and distribute legal mail received in Customer Asset Management (CAM) pertaining to residential property in which the bank has an interest, to avoid risk of loss to the bank or its investors and work with in house counsel and management to determine if external counsel must be engaged to represent M&T.
  • Request checks for disbursement of bid deposit, senior lien payoff and settlements.
  • 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

Requirements

  • Not Specified

Application Instructions

  • Not Specified

Company Information

  • Not Specified

Skills

Foreclosure process management
Legal documentation review
Communication with attorneys
Report generation
Investor deadline management
Title issue resolution
Invoice processing
W-9 and payee setup
Equity analysis
Regulatory compliance

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.

Land your dream remote job 3x faster with AI