Career Search

Bankruptcy Specialist III - 3DH2U in Getzville, NY at M&T Bank

Date Posted: 2/22/2018

Job Snapshot

  • Employee Type:
  • Location:
    Getzville, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

The Opportunity:

This position is an integral role within our Mortgage Bankruptcy team that will assist in review of day to day functions including the creation of proof of claim forms, review of bankruptcy plans, responding to attorney requests, monitoring for objections and responding timely to any objections, review for removal criteria and ensuring that the loans are coded appropriately at time of bankruptcy removal as it relates to both collection efforts as well as credit bureau reporting.

Primary Responsibilities:
-Remove loans from the bankruptcy workstation to the general population, foreclosure or collections.
-Review fees and costs incurred in bankruptcy to verify if recoverable from the borrower. Reclassify fees as either recoverable or non-recoverable as needed. Ensure invoices from outside law firms are submitted timely using invoice management. Review for incorrect relief dates.
-Apply funds in suspense before removing from bankruptcy. 
-Verify no additional funds came in from the borrower after relief effective date. Contact attorney to confirm if relief order needs to be cancelled.
-Submit losses on M&T owned loans where the fee is not recoverable.
-Work daily to determine the status of the bankruptcy case. Review for case conversions and notify specialists when necessary.
-Monitor queue in court monitoring system for any dismissals or discharges. If removed from bankruptcy for relief of stay, monitor the case to be dismissed or discharged and notify the credit reporting agencies.
-Respond to attorney's calls or emails regarding invoices and relief effective dates. Occasionally respond to customer calls.
-Ensure proper codes and stops are on the account. Ensure demands are sent based on specific state criteria.                                                                                                           '-Prepare figures for Proof of Claims and 410A History.
-Validate the bankruptcy plan review.
-Monitor process managmenet system for step completion and prepare stipulations for plan objections.
-Complete write offs when fees aren't included in the proof of claim

Minimum Qualifications Required:

•Associates degree or in lieu of degree two years relevant work experience plus an additional three years in mortgage default and/or bankruptcy experience. 

•Minimum three years Mortgage Default and/or Bankruptcy experience

•Proficient PC skills including Microsoft Excel and Word

•Understanding of collections servicing systems 

•Proven analytical ability and problem solving skills 

•Excellent written and verbal communication skills 

•Very strong work ethic and demonstrated ability to work independently

•Motivated, team player with a positive and friendly attitude
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.