Foreclosure Specialist II

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Candidates should possess a combined 3 years of higher education and/or work experience, including a minimum of 1 year in a Default Servicing related field such as Collections, REO, or Loss Mitigation. A working knowledge of word processing and spreadsheet software is required, along with strong written and verbal communication skills, attention to detail, and strong analytical and problem-solving abilities. The ideal candidate will be motivated, a team player with a positive and friendly attitude.

Responsibilities

This role involves managing the foreclosure process for a portfolio of mortgage loans, ensuring timely completion in accordance with investor guidelines. Responsibilities include monitoring foreclosure progress, communicating with and managing foreclosure attorneys, resolving contested actions and title issues, providing status updates to investors, and assembling documentation for audits. The specialist will also generate reports, ensure investor deadlines are met, prepare bidding instructions, review invoices, perform initial document reviews, analyze equity positions, report sale results, and manage assigned tasks within service level agreements. Additional duties include performing daily Sale Result QC, managing team email inboxes, reviewing and distributing legal mail, requesting checks for disbursements, and adhering to compliance and operational risk controls.

Skills

Foreclosure process management

Mortgage loan management

Litigation support

Investor guidelines

Legal documentation

Report generation

Workflow tracking

FHA deadlines

VA appraiser

Equity analysis

Charge-off analysis

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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