Job Description

Position Overview

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

Primary Responsibilities

• Monitor the progress of foreclosure actions from referral to post-foreclosure, including managing issues, holds, and necessary reviews to complete the action.
• Communicate with foreclosure attorneys to understand, minimize, and avoid delays.
• Work with foreclosure attorneys to resolve simple contested/litigation actions and title issues.
• 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 for Foreclosure, including monthly scorecard reporting, exception reporting, and workflow tracking.
• Ensure investor deadlines within the foreclosure process are met, including FHA 1st legal and 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 the first position.
• Review VA appraiser invoices for payment, obtain necessary W-9s, set up payee headers, and submit invoices for payment.
• Perform initial review of documents required for foreclosure or simple contested litigation, gather backup, and submit to Tier 2 Reviewer.
• Review equity position and prepare necessary equity analysis for potential charge-offs.
• Provide sale results to investors, 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 the Foreclosure team.
• Monitor, distribute, and respond to emails sent to team email boxes.
• Receive, review, and distribute legal mail pertaining to residential property in which the bank has an interest, to avoid risk of loss.
• Work with in-house counsel and management to determine if external counsel must be engaged.
• Request checks for disbursement of bid deposits, senior lien payoffs, and settlements.
• Adhere to applicable compliance/operational risk controls and internal control standards.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Complete other related duties as assigned.

Scope of Responsibilities

This position interacts with external third-party foreclosure attorneys to ensure successful and timely completion of foreclosures consistent with investor guidelines. It also interacts with CAM Management and internal & external counsel.

Education and Experience Required

• A combined 3 years of higher education and/or work experience.
• Minimum of 1 year of experience in a Default Servicing related field (e.g., Collections, REO, Loss Mitigation).
• Working knowledge of word processing and spreadsheet software.
• Strong written and verbal communication skills.
• Detail-oriented.
• Strong analytical and problem-solving skills.
• Motivated, team player with a positive and friendly attitude.

Education and Experience Preferred

• 3 years of Default Servicing experience.

Employment Type

Full time

Location Type

• [Information not provided]

Salary

• [Information not provided]