Plan Documents Specialist Jr.
Centivo$60,000 - $82,500/year
Full Time
Junior (1 to 2 years)
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: Perform document verification of new and modified commercial loans, identify missing documents, signatures, dates, and collateral for tracking and renewal
- For Commercial Loans: Set up tracking of document exceptions and collateral in tickler systems
- For Commercial Loans: Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents
- For Commercial Loans: Perform document importing, filing, retrieval, and research of loan documentation
- For Commercial Loans: Research and resolve questions for internal and external customers
- For Consumer Loans: Set up tracking of document and collateral exceptions in tickler systems for the consumer loan exception report
- For Consumer Loans: Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents
- For Consumer Loans: Perform document importing, filing, retrieval, and research of loan documentation
- For Consumer Loans: Research and resolve questions for internal and external customers
- For Document Imaging and Quality Control: Perform document imaging of loan documents, tax receipts, participation shadow files, insurance policies, trailing loan documents, and system maintenance forms
- For Document Imaging and Quality Control: Index documents to designated loans, perform quality control of images, retain required original documents, and destroy remaining physical documents
- For Document Imaging and Quality Control: Review new account source and name change reports
- For Document Imaging and Quality Control: Request FNMA paid loan notes from BNY Mellon
- For Collateral Insurance: Sort incoming insurance mail by new policies, renewals, cancellations, and reinstatements
- For Collateral Insurance: Index documents to designated loans and perform quality control of images
- For Collateral Insurance: Review collateral insurance policies for required information and format Excel spreadsheets for tracking
- For Collateral Insurance: Work insurance reports, update tickler systems for renewal policies on consumer loans, follow up on cancellations with agents and lenders
- For Collateral Insurance: Prepare hazard force placed checklists and flood calculation worksheets for lapsed or insufficient insurance coverage on consumer loans
- For Collateral Insurance: Submit transmittals for force placement of insurance on consumer loans, produce customer form letters in Microsoft Word
- For Collateral Insurance: Perform document importing, filing, tracking, retrieval, and research of consumer loan documentation
- For Collateral Insurance: Research and resolve questions for internal and external customers
- For Paid Loans: Review paid loan reports and pull physical loan folders for processing
- For Paid Loans: Process release of collateral held on loans (vehicle titles, assignment of life insurance, brokerage or stock, termination of UCC filings)
- For Paid Loans: Prepare partial real estate releases and mortgage/assignment of rent satisfaction pieces for satisfaction of liens at courthouses
- For Paid Loans: Update collateral tracking items in tickler systems
- For Paid Loans: Calculate prepayment penalties and loan payoff quotes/letters
- For Paid Loans: Issue letters of guarantee of vehicle title
- For Paid Loans: Produce and mail paid loan letters to borrowers
- For Paid Loans: Perform document importing, filing, tracking, retrieval, and research of loan documentation
- For Paid Loans: Perform quality control of images, retain required original documents, and destroy remaining physical documents
- For Paid Loans: Research and resolve questions for internal and external customers
- Assume additional duties as required
Skills
Document Verification
Loan Documentation
Tickler Systems
Document Imaging
Quality Control
Document Indexing
Collateral Tracking
Commercial Loans
Consumer Loans
Filing
Retrieval
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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