Foreclosure Specialist II

United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Mortgage Services, Financial ServicesIndustries

Requirements

Candidates should possess a combined 3 years’ higher education and/or work experience, including a minimum of 1 year of Default Servicing related field experience (e.g., Collections, REO, Loss Mitigation). Working knowledge of word processing and spreadsheet software is required, along with strong written and verbal communication skills, detail orientation, and strong analytical and problem-solving skills.

Responsibilities

As a Foreclosure Specialist II at M&T Bank, you will be responsible for managing the foreclosure process for an assigned portfolio of mortgage loans, contested foreclosures, or loans in other litigation, ensuring timely completion in accordance with investor guidelines. This includes monitoring progress, communicating with foreclosure attorneys, resolving simple contested actions, providing status updates to investors, assembling documentation, generating reports, ensuring investor deadlines are met, preparing bidding instructions, reviewing VA appraiser invoices, performing initial document reviews, analyzing equity positions, providing sale results, managing emails, handling legal mail, requesting disbursements, adhering to compliance controls, and maintaining internal control standards. You will also interact with external third-party foreclosure attorneys and CAM Management and internal & external counsel.

Skills

Foreclosure process management

Legal documentation review

Communication with attorneys

Report generation

Investor deadline management

Title and litigation resolution

Invoice review and payment processing

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.

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