Plan Documents Specialist Jr.
Centivo$60,000 - $82,500/year
Full Time
Junior (1 to 2 years)
Not SpecifiedCompensation
Junior (1 to 2 years)Experience 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 to be tracked for renewal
- Setup tracking of document exceptions and collateral in tickler systems
- Preparation of loan documents for scanning, quality control of images, retention of required original documents, and destruction of remaining physical documents
- 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 for the consumer loan exception report in tickler systems
- For Document Imaging and Quality Control: Document imaging of loan documents, tax receipts, participation shadow files, insurance policies, trailing loan documents, and system maintenance forms; indexing of documents to designated loans
- Quality control of images, retention of required original documents, and destruction of remaining physical documents
- Review new account source and name change reports
- Request FNMA paid loan notes from BNY Mellon
- For Collateral Insurance: Sorting of incoming insurance mail by new policies, renewals, cancellations, and reinstatements; indexing of documents to designated loans and quality control of images
- Review collateral insurance policies for required information; format Excel spreadsheets for tracking of collateral insurance
- Work insurance reports and update tickler systems for renewal policies on consumer loans; follow up on cancellations with agents and lenders
- Prepare hazard force placed checklists and flood calculation worksheets for lapsed or insufficient insurance coverage on consumer loans
- Submit transmittals for force placement of insurance on consumer loans; produce customer form letters in Microsoft Word
- For Paid Loans: Review paid loan reports and pull physical loan folders for processing
- Release of collateral held on loans: vehicle titles, assignment of life insurance, brokerage or stock, and termination of UCC filings
- Preparation of partial real estate releases and mortgage/assignment of rent satisfaction pieces for satisfaction of liens at courthouses
- Update collateral tracking items in tickler systems
- Calculation of prepayment penalties and loan payoff quotes/letters
- Issuance of letters of guarantee of vehicle title
- Produce and mail paid loan letters to borrowers
- Assume additional duties as required
Skills
Document Verification
Commercial Loans
Consumer Loans
Collateral Tracking
Tickler Systems
Document Scanning
Quality Control
Document Indexing
Loan Research
Image Quality Control
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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