Loss Mitigation Pre-Closing Specialist - Remote

M&T Bank

Getzville New York

United States

Financial Services - Banking / Investment / Finance
(No Timezone Provided)

Sign-On/Retention Bonus Included for new hires joining the bank



Overview:

This position is responsible for generating closing terms for loan modifications and delivering to the post-closing team for final implementation of terms.



Primary 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.
  • 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.


Scope of Responsibilities:

Responsible for managing a portfolio of loans.



Education and Experience 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.



Education and Experience Preferred:

Associate's degree.
Collections experience.
Knowledge of M&T systems.



Location

Getzville, New York, United States of America

Loss Mitigation Pre-Closing Specialist - Remote

M&T Bank

Getzville New York

United States

Financial Services - Banking / Investment / Finance

(No Timezone Provided)

Sign-On/Retention Bonus Included for new hires joining the bank



Overview:

This position is responsible for generating closing terms for loan modifications and delivering to the post-closing team for final implementation of terms.



Primary 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.
  • 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.


Scope of Responsibilities:

Responsible for managing a portfolio of loans.



Education and Experience 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.



Education and Experience Preferred:

Associate's degree.
Collections experience.
Knowledge of M&T systems.



Location

Getzville, New York, United States of America