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M&T Bank · 3 months ago

Foreclosure Specialist II - Milestone Processing

United States

Full-time

Remote

Entry, Mid Level

$18.57/hr - $30.95/hr

1+ years exp

M&T Bank is a financial institution seeking a Foreclosure Specialist II to manage the foreclosure process for a portfolio of mortgage loans. The role involves monitoring foreclosure actions, communicating with attorneys, and ensuring compliance with investor guidelines.

Financial Services

Responsibilities

Monitor progress of the foreclosure action from referral to post foreclosure, including management of issues raised, holds placed and review/research needed to complete the foreclosure action

Communicate with foreclosure attorneys to understand, minimize and avoid delays during the foreclosure. Work with foreclosure attorney to resolve simple contested/litigation actions and title issues to allow completion of the foreclosure action

Provide necessary status updates to investors during the foreclosure process. Assemble and provide documentation in response to investor or regulatory audit requests

Generate various scheduled and ad hoc reports as needed for Foreclosure, including but not limited to monthly scorecard reporting, exception reporting, and workflow tracking reports

Ensure investor deadlines within the foreclosure are met, including but not limited to FHA 1st legal deadlines and FHA eviction 1st legal deadlines

Prepare bidding instructions according to investor guidelines and ensure proper bidding for sales where M&T’s lien is not in first position

Review VA appraiser invoices for payment. Obtain necessary W-9, set up payee header and submit invoice for payment

Perform initial review of documents required for foreclosure or simple contested litigation, gathering of backup and submission to Tier 2 Reviewer for further review and execution

Review equity position and prepare necessary equity analysis for potential charge off

Provide sale results to investor, MI companies and other necessary parties, updating systems as required

Work with attorneys to ensure proper reporting of foreclosure status to investors

Manage a variety of assigned tasks to hold, close or proceed with foreclosure taking action within the required service level agreement

Complete daily Sale Result QC for Foreclosure team. Monitor, distribute and respond to emails sent to Team email boxes. Receive, review and distribute legal mail received in Customer Asset Management (CAM) pertaining to residential property in which the bank has an interest, to avoid risk of loss to the bank or its investors and work with in house counsel and management to determine if external counsel must be engaged to represent M&T

Request checks for disbursement of bid deposit, senior lien payoff and settlements

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

Qualification

Default Servicing experienceAnalytical skillsCommunication skillsWord processing softwareSpreadsheet softwareMortgage productsLegal document comprehensionDetail orientedProblem solving skillsTeam playerPositive attitude

Required

A combined 3 years' higher education and/or work experience, including a minimum of 1 year Default Servicing related field experience (e.g., Collections, REO, Loss Mitigation)

Working knowledge of word processing and spreadsheet software

Strong written and verbal communication skills

Detail oriented

Strong analytical and problem solving skills

Motivated, team player with a positive and friendly attitude