Foreclosure Specialist II

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 in accordance with investor guidelines and to provide 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.
• Communicate with foreclosure attorneys to understand, minimize, and avoid delays.
• Work with foreclosure attorneys to resolve simple contested/litigation actions and title issues.
• Provide status updates to investors during the foreclosure process.
• Assemble and provide documentation for investor or regulatory audit requests.
• Generate scheduled and ad hoc reports for Foreclosure, including scorecard, exception, and workflow tracking reports.
• Ensure investor deadlines within the foreclosure process are met, including FHA 1st legal and eviction 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, set up payees, and submit invoices for payment.
• Perform initial review of foreclosure or simple contested litigation documents, gather backup, and submit for further review.
• Review equity position and prepare necessary equity analysis for potential charge-offs.
• Provide sale results to investors, MI companies, and other parties, updating systems as required.
• Work with attorneys to ensure proper reporting of foreclosure status to investors.
• Manage assigned tasks to hold, close, or proceed with foreclosure within required service level agreements.
• 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 properties in which the bank has an interest, to avoid risk of loss.
• Work with in-house counsel and management to determine if external counsel engagement is necessary.
• Request checks for disbursement of bid deposits, senior lien payoffs, and settlements.
• Adhere to applicable compliance and operational risk controls.
• Maintain M&T internal control standards, including timely implementation of audit points and addressing issues raised by regulators.
• 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 foreclosure consistent with investor guidelines. It also interacts with CAM Management and internal & external counsel.

Requirements

• A combined 3 years of higher education and/or work experience.
• Minimum of 1 year of Default Servicing related field experience (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.

Preferred Qualifications

• 3 years’ Default Servicing experience.

Employment Type

Full time

Location Type

• [Information not provided]

Salary

• [Information not provided]