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Foreclosure Specialist II - Contested Foreclosure - 3DFVM in Getzville, NY at M&T Bank

Date Posted: 1/22/2018

Job Snapshot

Job Description

The Opportunity:
This position is responsible for managing the foreclosure process for an assigned portfolio of mortgage loans, contested foreclosures or loans in other litigation to ensure foreclosure is completed timely in accordance with investor guidelines and for providing administrative support related to the foreclosure process.
 
Primary Responsibilities:

•       Monitor progress of the contested foreclosure action, including management of issues raised, holds placed and review/research needed to complete the contested foreclosure action.

•       Communicate with foreclosure attorneys to understand, minimize and avoid delays during the foreclosure. Work with foreclosure attorney to resolve simple contested/litigation actions to allow completion of the foreclosure action.

•       Provide necessary status updates to investors during the foreclosure process. Assemble and provide documentation in response to investor or regulatory audit requests.

•       Generate various scheduled and ad hoc reports as needed for Foreclosure, including but not limited to monthly scorecard reporting, exception reporting, and workflow tracking reports.

•       Ensure investor deadlines within the foreclosure are met, including but not limited to FHA 1st legal deadlines and FHA eviction 1st legal deadlines.

•       When applicable, obtain necessary W-9, set up payee header and submit invoice for payment.

•       Perform initial review of documents required for litigation, gathering of backup and submission to Tier 2 Reviewer for further review and execution.

•       Conduct a review of all assigned loans at a minimum of every 30 days, including the updating of documentation and follow up.

•       Manage a variety of assigned tasks to hold, close or proceed with foreclosure taking action within the required service level agreement.

•       Monitor, distribute and respond to emails sent to Team email boxes. Receive, review and distribute legal mail received in CAM pertaining to residential property in which the bank has an interest, to avoid risk of loss to the bank or its investors and work with in house counsel and management to determine if external counsel must be engaged to represent M&T.

•       Request checks for disbursement of bid deposit, senior lien payoff and settlements.

•       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 external third-party foreclosure attorneys to ensure successful and timely completion of foreclosure consistent with investor guidelines. This position also interacts with CAM Management and internal & external counsel.
 
Minimum Qualifications Required:
Associate’s degree or in lieu of a degree two years’ relevant work experience
Minimum 2 years collections and/or loss mitigation experience
One to two years’ post charge off collection, repossession, remarketing, REO, Foreclosure, loss mitigation or bankruptcy experience
Working knowledge of word processing and spreadsheet software
Strong written and verbal communication skills
Detail oriented
Strong analytical and problem solving skills
Motivated, team player with a positive and friendly attitude
 
Ideal Qualifications Preferred:
Bachelor’s Degree
Minimum three years’ collections experience and two years’ post charge off collections, repossession, remarketing, REO, foreclosure, loss mitigation or bankruptcy
Prior departmental experience
Experience reading and comprehending the contents of legal documents specific to contested foreclosure actions
Proven ability to work effectively in a team environment
Knowledge of bank and departmental systems
Understanding of mortgage product including home equity loans and lines of credit
 
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.