M&T Bank
Finance
LossMitigationUnderwriter
“Loss Mitigation Underwriter at M&T Bank. Skills: loss mitigation, underwriting, loan modification. submitting loan modification workups for the entire waterfall of investor workout options. Understand investor’s waterfall and required documents for loss mitigation”
Industry & Context.
resolve account complications
What They're Looking For.
Must Have
A combined 3 years’ higher education and/or experience, a minimum of 1 year collections or underwriting experience, Ability to communicate effectively and professionally over the phone, Proficiency with word processing and spreadsheet software
Nice to Have
Bachelor’s degree, Paralegal certification or experience, Mortgage collections experience, Knowledge of M&T systems
What You'll Do.
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
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
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 belonging and reflects the M&T Bank brand
Complete other related duties as assigned
How You'll Work.
Team & Collaboration
Communicate with customers, real estate agents and attorneys; Communicate with Single Point of Contact, title vendors and Loss Mitigation Closing team
Communication Scope
Ability to communicate effectively and professionally over the phone; Excellent communication and customer service skills
Applying for this Loss Mitigation Underwriter role?
Most applicants get filtered before a human reads their resume. See if yours makes the cut.
How to Apply on Workday
- Workday has a multi-step form — save your progress after every section.
- "Apply With LinkedIn" can fail or lose data; manual entry is more reliable.
- Watch for the "Submit for Review" final step — hitting "Save" alone does not submit.
- Job requisition numbers are useful when following up with HR by email.
ANONYMOUS · UNFILTERED
What do employees actually say about M&T Bank?
Real rants from real employees. Read before you apply.