Loan Records Specialist I at M&T Bank

San Francisco, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

BankingIndustries

Requirements

High school diploma or equivalent
Up to one year of general experience

Responsibilities

Maintains a good working relationship with all bank employees
Demonstrates the ability to work independently
Works as a team player to contribute to the success of the department and organization
Performs document verification for new and modified commercial loans, including identification of missing documents, signatures, dates, and collateral for tracking
Sets up tracking of document exceptions and collateral in tickler systems for commercial and consumer loans
Prepares loan documents for scanning, performs quality control of images, retains required original documents, and destroys remaining physical documents
Imports, files, retrieves, and researches loan documentation
Researches and resolves questions for internal and external customers
Assumes additional duties as required
Sets up tracking of document and collateral exceptions for consumer loan exception reports
Performs document imaging of loan documents, tax receipts, participation shadow files, insurance policies, trailing loan documents, and system maintenance forms
Indexes documents to designated loans
Reviews new account source and name change reports
Requests FNMA paid loan notes from BNY Mellon
Sorts incoming insurance mail by new policies, renewals, cancellations, and reinstatements
Reviews collateral insurance policies for required information
Formats Excel spreadsheets for tracking collateral insurance
Works insurance reports and updates tickler systems for renewal policies on consumer loans
Follows up on cancellations with agents and lenders
Prepares hazard force placed checklists and flood calculation worksheets for lapsed or insufficient insurance coverage on consumer loans
Submits transmittals for force placement of insurance on consumer loans
Produces customer form letters in Microsoft Word
Reviews paid loan reports and pulls physical loan folders for processing
Releases collateral held on loans (vehicle titles, assignment of life insurance, brokerage or stock, termination of UCC filings)
Prepares partial real estate releases and mortgage/assignment of rent satisfaction pieces
Updates collateral tracking items in tickler systems
Calculates prepayment penalties and loan payoff quotes/letters
Issues letters of guarantee of vehicle title
Produces and mails paid loan letters to borrowers

Skills

Document Verification

Collateral Tracking

Tickler Systems

Document Scanning

Quality Control

Document Indexing

Loan Documentation

Image Quality Control

Customer Research

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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