Loan Records Specialist I at M&T Bank

San Francisco, California, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

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

Responsibilities

Maintain a good working relationship with all bank employees
Demonstrate the ability to work independently
Work as a team player to contribute to the success of the department and organization
For Commercial Loans: Document verification of new and modified commercial loans; identify missing documents, signatures, dates, and collateral for tracking and renewal
Setup tracking of document exceptions and collateral in tickler systems
Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents
Perform document importing, filing, retrieval, and research of loan documentation
Research and resolve questions for internal and external customers
For Consumer Loans: Setup tracking of document and collateral exceptions in tickler systems; prepare documents for scanning, quality control, retention, and destruction
For Document Imaging and Quality Control: Image loan documents, tax receipts, participation shadow files, insurance policies, trailing documents, and system maintenance forms; index to designated loans; quality control images
Review new account source and name change reports; request FNMA paid loan notes from BNY Mellon
For Collateral Insurance: Sort incoming insurance mail; index documents and perform quality control; review policies; format Excel spreadsheets for tracking
Work insurance reports, update tickler systems for renewals, follow up on cancellations; prepare hazard force placed checklists and flood worksheets; submit transmittals for force placement; produce customer form letters
For Paid Loans: Review paid loan reports, pull physical folders; release collateral (vehicle titles, life insurance assignments, brokerage/stock, UCC filings); prepare partial real estate releases and satisfaction pieces
Update collateral tracking in tickler systems; calculate prepayment penalties and loan payoff quotes/letters; issue letters of guarantee for vehicle titles; produce and mail paid loan letters
Assume additional duties as required

Skills

Document Verification

Loan Documentation

Tickler Systems

Document Imaging

Quality Control

Scanning

Indexing

Collateral Tracking

Commercial Loans

Consumer Loans

Research

Filing

Retrieval

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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