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Loss Mititgation Underwriter I in Getzville, NY at M&T Bank

Date Posted: 12/8/2018

Job Snapshot

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

Job Description

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options.

Understand investor’s waterfall and required documents for loss mitigation.
Communicate with customers, real estate agents and attorneys to negotiate short sale settlement offers and advise of loss mitigation decisions.
Manage and monitor account portfolio to ensure that all documentation and account decisions comply with banking policies, investor guidelines and applicable regulations.
Assess property value and variance between appraised properties and offers submitted by potential buyers.
Review tax returns, income statements, pay stubs, credit reports and general customer financial documents.
Determine the most suitable repayment option for customers and calculate loan modification terms.
Prepare workout summaries for management approval.
Communicate with Single Point of Contact, title vendors and Loss Mitigation Closing team to gather information and resolve account complications.
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.

Works a portfolio of approximately 70 loans.

Not Applicable.

A combined 3 years’ higher education and/or experience, including a minimum of 1 year collections or underwriting experience.
Ability to communicate effectively and professionally over the phone.
Excellent communication and customer service skills.
Proficiency with word processing and spreadsheet software.

Bachelor’s degree.
Paralegal certification or experience.
Mortgage 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.