[Remote] Foreclosure Specialist II - Milestone Processing at M&T Bank

United States

M&T Bank Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries

Requirements

A minimum of 3 years of combined higher education and work experience is required, with at least 1 year specifically in a Default Servicing related field such as Collections, REO, or Loss Mitigation. Proficiency in word processing and spreadsheet software is necessary, along with strong written and verbal communication abilities, a detail-oriented approach, and robust analytical and problem-solving skills. The ideal candidate will be motivated, a team player, and possess a positive and friendly attitude.

Responsibilities

Manage the foreclosure process for an assigned portfolio of mortgage loans, ensuring timely completion in accordance with investor guidelines and handling contested foreclosures or loans in litigation. Monitor foreclosure actions from referral to post-foreclosure, managing issues, holds, and necessary reviews. Communicate with foreclosure attorneys to minimize delays and resolve simple contested/litigation actions and title issues. Provide status updates to investors, assemble documentation for audits, and generate various reports for Foreclosure. Ensure investor deadlines are met, prepare bidding instructions, and review VA appraiser invoices for payment. Perform initial document reviews for foreclosure or simple contested litigation, gather backup, and submit for further review. Review equity positions and prepare analysis for potential charge-offs. Provide sale results to investors and other parties, updating systems as required. Manage assigned tasks to hold, close, or proceed with foreclosure within service level agreements. Complete daily Sale Result QC, monitor and respond to team emails, and review/distribute legal mail. Request checks for disbursement of bid deposit, senior lien payoff, and settlements. Adhere to compliance and operational risk controls, maintain internal control standards, and promote an environment that supports belonging.

Skills

Foreclosure process management
Mortgage loan management
Investor guidelines
Litigation support
Attorney communication
Title issue resolution
Status updates
Documentation assembly
Audit response
Report generation
Deadline management
Bidding instructions
Invoice processing
Equity analysis
Charge-off analysis
Sale result reporting

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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