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Loss Mitigation Underwriter - 3DFW8 in Getzville, NY at M&T Bank

Date Posted: 1/27/2018

Job Snapshot

Job Description

Company Overview:
Together, M&T Bank and Wilmington Trust, a part of M&T Bank Corporation, represent one of the country’s leading depository and lending franchises, a premier wealth advisory firm, and the partner of choice for corporate transactions and structures.  As one of strongest, most successful companies in the U.S. financial services industry, M&T continues to grow, offering value to our shareholders and opportunity to qualified professionals.  Join our team of over 15,000 professionals and you’ll understand what drives our longstanding success: a promise of exceptional client service, a commitment to our communities, a focus on building long-term relationships, and a dedication to being the best employer you’ll ever have.  
The Opportunity:
Responsible for managing an assigned portfolio for open or non-performing assets, mitigating loss situations and reducing potential losses to the Bank. Must adhere to the requirements of federal registration under the SAFE Act.  
Primary Responsibilities:
The position is responsible for support in a variety of functions to include but not limited to the following:
Handles most complex accounts with the following areas of specialization: Foreclosure, Bankruptcy,
REO/Property Preservation, Repossession, Remarketing or Post Charge Off Collections.
Investigate and conduct skip tracing as required by utilizing the numerous resources available. Submit
recommendations for account placement with third party collection agencies, attorneys, brokers and
property preservation firms.
Initiate direct contact with borrowers (consumer, mortgage, deposit overdraft, business banking),
assessing the prospect of repayment, arranging repayment schedules or other solutions and / or contacts
business partners and vendors to ensure services provided are meeting predetermined SLA’s. Possess
enhanced settlement authority in either situation.
Participate in loss prevention by employing advanced strategies that provide adequate protection for the
Bank with respect to its’ interest in the collateral securing the loan, while maximizing the cost
containment opportunities.
Review collateral condition and establish asset value. Negotiate sale with prospective buyers and
conclude sales transaction with limited oversight.
Develop a thorough understanding of the business and its functions, processes and operations.
Keep abreast of business and market trends that may affect business department.
Perform other related assignments / projects as requested by management.
Minimum Qualifications Required:
Associate's Degree or two years relevant work experience.
Minimum two years collections experience
Minimum of one year post charge off collections, repossession, remarketing, REO, foreclosure, or bankruptcy experience.
Working knowledge of utilized word-processing, spreadsheet and departmental software
Knowledge of skip tracing software and BK servicing systems.
Strong written and verbal communication skills.
Demonstrated ability to provide direction and lead others.
Motivated team player with a positive and friendly attitude.
Understanding of local / state laws and regulations governing the repossession and sale of collateral.
Basic understanding of the bank's general operations and system functionality.  
Ideal Qualifications Preferred:
Bachelor's Degree.
One year of accounting or finance experience.
Bilingual
M&T is among the top 20 U.S.-based commercial bank holding companies with more than $79 billion in assets and more than 780 branches in New York, Maryland, Pennsylvania, Virginia, Delaware, New Jersey, West Virginia, Florida and Washington D.C.  With more than 150 years of experience, M&T Bank is committed to be the best company our employees ever work for, the best bank customers ever do business with and the best investment our shareholders ever make. Apply today at www.mtb.com/careers!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.