[Remote] Milestone Foreclosure Specialist-2 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

Candidates must have a combined 3 years of higher education and/or work experience, including a minimum of 1 year in a Default Servicing related field such as Collections, REO, or Loss Mitigation. A working knowledge of word processing and spreadsheet software is required, along with strong written and verbal communication skills, attention to detail, and strong analytical and problem-solving abilities. A motivated, team-player attitude with a positive and friendly demeanor is also essential.

Responsibilities

The Milestone Foreclosure Specialist will manage the foreclosure process for an assigned portfolio of mortgage loans, ensuring timely completion according to investor guidelines and providing administrative support. This includes monitoring foreclosure actions, communicating with attorneys to minimize delays, resolving simple contested actions and title issues, and providing status updates to investors. The role also involves assembling documentation for audits, generating reports, meeting investor deadlines, preparing bidding instructions, reviewing invoices, and performing initial document reviews for foreclosure or litigation. Responsibilities extend to reviewing equity positions, providing sale results, managing assigned tasks within service level agreements, performing daily Sale Result QC, monitoring and responding to team emails, reviewing legal mail, requesting disbursement checks, and adhering to compliance and operational risk controls.

Skills

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

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.

Land your dream remote job 3x faster with AI