Career Search

Bankruptcy Specialist II - Mortgage - 3DKZ6 in Getzville, NY at M&T Bank

Date Posted: 9/28/2018

Job Snapshot

Job Description

FUNCTION:
This position is an integral role within M&T’s Mortgage Bankruptcy team that will execute day to day functions including the monitoring of an assigned bankruptcy portfolio to ensure all appropriate actions are being taken timely. Incumbent is responsible to monitor the account from Proof of Claim filing to removal ensuring correct coding is on the account, application of payments is accurate, incoming calls are handled and referrals to Attorney Firms for legal action are made timely when applicable.
POSITION RESPONSIBILITIES:
Conduct audits on loans in bankruptcy to ensure they are current in bankruptcy status, and determine if any follow up is required.
Work as a liaison between M&T's bankruptcy counsel ('Attorney Firms”) and M&T on a daily basis. Conduct research on loan audits, payment status, and loan status. If disputed, contact appropriate department for clarifying information and send to attorneys.
Monitor payment plans to ensure customers do not default. Take necessary steps to file appropriate actions when the loan does default.
Monitor all stops and flags on the account monthly to ensure that appropriate actions are being taken given the status of the account.
Reconcile Corporate Advance systems to ensure fees are appropriate.
Determine if funds can be applied to the account.
Answer incoming calls and communicate with customers to answer questions and process payments.
Audit accounts monthly to ensure that funds are being applied appropriately under the bankruptcy plan.
Review and respond to interdepartmental tasks timely.
Monitor any bankruptcy correspondence and enter into the system ensuring appropriate action is taken.
Obtain files from attorney and verify all figures are correct, gain approval and then file.
Prepare, review and respond to any court documents that are filed within the bankruptcy case, including notice of final cure, objections to motion for relief, post-petition fee notices, etc.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.
NATURE AND SCOPE:
This position interacts with internal M&T Bank departments and external third-party Attorney Firm vendors.
MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Not Applicable.
MINIMUM QUALIFICATIONS REQUIRED:
A combined 3 years’ experience and/or higher education, including a minimum of 1 year of Mortgage Default and/or Bankruptcy experience.
Working knowledge of word processing, spreadsheet and email software.
Strong written and verbal communication skills.
Detail oriented.
Motivated, team player with a positive and friendly attitude.
Understanding of collections servicing systems.
IDEAL QUALIFICATIONS PREFERRED:
3 years of Mortgage Default and/or Bankruptcy experience.
Knowledge of M&T Bank systems.
PHYSICAL REQUIREMENTS:

 

We encourage candidates with relevant military experience to apply.

About M&T

At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T.  As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.

 
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.