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REO Asset Manager I - 3DL3J in Getzville, NY at M&T Bank

Date Posted: 10/2/2018

Job Snapshot

Job Description

FUNCTION:
This position manages a portfolio of M&T owned properties to ensure timely resale in an effort to minimize loss to M&T.
POSITION RESPONSIBILITIES:
Maintain and liquidate a portfolio of M&T owned properties.
Address any and all issues preventing timely liquidation of portfolio properties.
Assign real estate agent upon referral from foreclosure. This may require an interview process and uploading of information into M&T Bank systems.
Establish a working relationship with the agent selling real estate with weekly communication.
Negotiate Cash for Keys using agent, attorney, investor and Mortgage Insurer (MI) according to procedural guidelines.
Open the eviction process and follow up weekly with the attorney.
Stay current on all SCRA laws and any changes or additions to eviction law.
Make arrangements and follow up with the agent on all lock-out arrangements.
Fully understand the personal property posting and property eviction requirements in all states.
If the occupants are cooperative, write up an analysis of listing occupied and submit to management for approval.
Follow the eviction timeline reporting and update all steps in M&T Bank servicing system.
Determine if any repairs are necessary or would substantially increase the value of the property and proceed according to any investor or MI guidelines.
Research and determine a listing price and a Reconciled Asset Value (“RAV”) for each property for management approval
Follow all time lines established by the investors.
Follow all requirements determined by the specific municipality for vacant property registration and code violations.
Follow up with the agents to take care of and avoid all code violations.
Verify that taxes and hazard insurance is in place for each property.
Verify that all properties are listed in the MLS.
Discuss marketing with the agents on a 7 – 10 day basis.
Complete write ups for list reductions and submit for management and/or investor/MI approval.
Review and negotiate all offers on properties.
Engage Support to have the contract on approved offers completed.
Stay engaged with the agent through closing.
Recommend liquidating through an auction house if marketing is unsuccessful.
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 internal CAM departments and external third parties, including real estate agents and investors.
MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Not Applicable.

MINIMUM QUALIFICATIONS REQUIRED:
A combined 3 years’ higher education and/or work experience, including a minimum of 1 year relevant work experience.
Organized and detail oriented.
Strong verbal and written communication skills.
Strong customer service skills.
Working PC skills including word processing and spreadsheet software.
IDEAL QUALIFICATIONS PREFERRED:
Bachelor’s degree.
Knowledge of M&T Bank systems.
PHYSICAL REQUIREMENTS:

 

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.