Overview:This position is responsible for completing the most complicated file reviews to ensure all documentation necessary for loss mitigation evaluation has been received prior to underwriting.Primary Responsibilities:
Understand investor’s waterfall and required documents for loss mitigation. Ensure receipt of all required documentation, including, but not limited to, a hardship letter, bank statements, pay stubs, alimony agreements and evidence of social security or pension payments.
Identify proof of income listed on financial documents.
Request missing or additional documentation needed to move forward with the borrower’s request for loss mitigation.
Communicate with the Single Point of Contact (“SPOC”) regarding follow up document requests.
Order borrower credit bureau reports and foreclosure fee reports in accordance with M&T procedure and document the request history to ensure compliance with the Fair Credit Reporting Act and investor guidelines.
Perform quality check on all letters sent to borrowers from the SPOC, closing and underwriting teams. Identify sources of communication errors.
Respond to escalation tasks opened by SPOC and instruct team members as to prevention of similar escalations.
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:This position serves as a critical control point for the loss mitigation process, ensuring that all investor and regulatory requirements are met with respect to documentation for loss mitigation, including credit reports.Supervisory/ Managerial Responsibilities:N/AEducation and Experience Required:A combined 4 years’ higher education and/or work experience, including a minimum of 2 years’ default servicing experience.General personal computing skills including proficiency with word processing and spreadsheet software.Education and Experience Preferred:Bachelor’s degree.Mortgage collections experience.Knowledge of M&T systems.M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $20.94 - $34.91 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationGetzville, New York, United States of AmericaM&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.