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Mortgage Bankruptcy Specialist II - 3DGPK in Getzville, NY at M&T Bank

Date Posted: 1/24/2018

Job Snapshot

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 monthly monitoring of an assigned bankruptcy portfolio ensuring that all appropriate actions are being taken timely.  Incumbent is responsible to monitor the account from Proof of Claim filing to removal requirements are met ensuring that the correct coding is on the account, application of payments, handling of incoming calls and referring to attorney network for legal action when applicable.
Primary Responsibilities:
  • Conduct audits on loans in bankruptcy to ensure they are current in bankruptcy status, and determine if any follow up is required.
  • Work as a liaison between M&T's bankruptcy counsel ('attorney') and M&T on a daily basis. Conduct research on loan audits, payment status, and loan status. If disputed, contact appropriate department for clarifying information and send to attorneys.
  • Monitor payment plans to ensure customers do not go into default.  Take necessary steps to file appropriate actions when the loan does fall into default.
  • Monitor all stops and flags on the account monthly to ensure that correct actions are being taken for the status of the account.
  • Reconciles corporate advance systems to ensure fees are appropriate.
  • Determine if funds can be applied to the account.
  • Answer incoming calls and communicate with customers to answer questions and process payments.
  • Audit accounts monthly to ensure that funds are being applied appropriately under the bankruptcy plan.
  • Review and respond to interdepartmental tasks timely.
  • Monitor any bankruptcy correspondence and enter into the system ensuring appropriate action is taken.
  • Obtain files from attorney and verify all figures are correct, gain approval and then file.
  • Prepare, review and respond to any court documents that are filed within the bankruptcy case, including notice of final cure, objections to motion for relief, post-petition fee notices, etc.

Minimal Qualifications:
  • Associates degree or in lieu of degree three years relevant work experience. 
  • Minimum two years Mortgage Default and/or Bankruptcy experience
  • Proficient PC skills including Microsoft Excel and Word
  • Understanding of collections servicing systems 
  • Excellent written and verbal communication skills 
  • Motivated, team player with a positive and friendly attitude

Ideal Qualifications Preferred: Bachelor's Degree
Three years mortgage default and/or bankruptcy experience
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.