Foreclosure Specialist II

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

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

Responsibilities

The Foreclosure Specialist II is responsible for managing the foreclosure process for an assigned portfolio of mortgage loans, ensuring timely completion in accordance with investor guidelines. This includes monitoring foreclosure actions, communicating with attorneys to resolve delays and title issues, providing status updates to investors, and responding to audit requests. The role involves generating reports, meeting investor deadlines, preparing bidding instructions, reviewing invoices, performing initial document reviews, analyzing equity positions, reporting sale results, and managing assigned tasks within required service level agreements. Additionally, the specialist will perform daily Sale Result QC, manage team email boxes, review and distribute legal mail, request checks for disbursements, and adhere to compliance and operational risk controls.

Skills

Foreclosure process management

Mortgage loan management

Litigation support

Investor guidelines

Attorney communication

Title issue resolution

Status updates

Documentation

Audit response

Report generation

Deadline management

Bidding instructions

Invoice review

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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