M&T Bank
ForeclosureSpecialistII
“Foreclosure Specialist II at M&T Bank. Skills: Foreclosure process management, Investor guidelines adherence, Foreclosure attorney communication, Contested/litigation action resolution, Title issue resolution. Manage the foreclosure process for an assigned portfolio of mortgage loans, contested foreclosures or loans in other litigation. Ensure foreclosure is completed timely in accordance with investor guidelines”
What You'll Achieve.
Ensure foreclosure is completed timely; Minimize and avoid delays during the foreclosure; Resolve simple contested/litigation actions and title issues to allow completion of the foreclosure action; Ensure investor deadlines within the foreclosure are met; Avoid risk of loss to the bank or its investors; Take action within the required service level agreement
Industry & Context.
Analytical and problem solving skills
What They're Looking For.
Must Have
1 year Default Servicing related field experience, Working knowledge of word processing and spreadsheet software
Nice to Have
3 years’ Default Servicing related field experience, Proven ability to work effectively in a team environment, Knowledge of bank and departmental systems, Understanding of mortgage product including home equity loans and lines of credit, Experience reading and comprehending the contents of legal documents
What You'll Do.
Manage the foreclosure process for an assigned portfolio of mortgage loans
contested foreclosures or loans in other litigation
Ensure foreclosure is completed timely in accordance with investor guidelines
Provide administrative support related to the foreclosure process
Monitor progress of the foreclosure action from referral to post foreclosure
holds placed and review/research needed to complete the foreclosure action
Communicate with foreclosure attorneys to understand
minimize and avoid delays
Resolve simple contested/litigation actions and title issues
Provide necessary status updates to investors
Assemble and provide documentation in response to investor or regulatory audit requests
Generate various scheduled and ad hoc reports
Ensure investor deadlines within the foreclosure are met
Prepare bidding instructions
Review VA appraiser invoices for payment
Perform initial review of documents required for foreclosure or simple contested litigation
Gather backup and submission to Tier 2 Reviewer
Review equity position and prepare necessary equity analysis for potential charge off
Provide sale results to investor
MI companies and other necessary parties
Update systems as required
Manage a variety of assigned tasks to hold
close or proceed with foreclosure
Complete daily Sale Result QC
distribute and respond to emails sent to Team email boxes
review and distribute legal mail
Request checks for disbursement of bid deposit
senior lien payoff and settlements
Adhere to applicable compliance/operational risk controls
Maintain M&T internal control standards
Promote an environment that supports belonging and reflects the M&T Bank brand
Complete other related duties as assigned
How You'll Work.
Team & Collaboration
Communicate with foreclosure attorneys; Provide status updates to investors; Interact with CAM Management; Interact with internal & external counsel; Work with in house counsel and management; Work with attorneys to ensure proper reporting of foreclosure status to investors
Communication Scope
Written communication skills; Verbal communication skills
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