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Loss Mitigation Pre-Closing Specialist - 3DJD6 in Getzville, NY at M&T Bank

Date Posted: 7/2/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Getzville, NY
  • Job Type:
    Finance
  • Experience:
    Not Specified
  • Date Posted:
    7/2/2018
  • Job ID:
    3DJD6

Job Description

FUNCTION:
This position is responsible for generating closing terms for loan modifications and delivering to the post-closing team for final implementation of terms.
POSITION RESPONSIBILITIES:
Monitor payment history of mortgage loan borrowers in default within three-month trial period of a loan modification.
Review reporting to identify loan modifications that fail to meet trial period requirements.
Verify that loans approved for modification have been properly updated in M&T systems.
Draft final modification terms and summary documentation.
Perform quality check of the workout package from the Underwriting team before transferring accounts to Quality Control and Closing.
Work with investors to ensure all delegations and guidelines are met for the given workout.
Responsible for meeting and maintaining registration requirements under the Federal SAFE Act.
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:
Responsible for managing a portfolio of loans.
MINIMUM QUALIFICATIONS REQUIRED:
A combined 2 years’ higher education and/or relevant work experience.
Ability to communicate effectively and professionally over the phone.
Excellent communication and customer service skills.
Proficiency with word processing and spreadsheet software.
IDEAL QUALIFICATIONS PREFERRED:
Associate’s degree.
Collections experience.
Knowledge of M&T systems. 
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.