M&T Bank · 1 month ago
CAM Claims Processor III
M&T Bank is seeking a CAM Claims Processor III to manage the submission and review of conventional claims while ensuring accuracy and compliance with guidelines. The role involves monitoring workflow, processing claims, and reconciling loans, while interacting with various internal departments and external vendors.
Financial Services
Responsibilities
Monitor daily reports outlining workflow and processing needed
Understand difference between the claim types: Short Sales, Foreclosure Claims, Third Party Claims, Charge Off, Security Claims, Loss Mitigation Claims, and Deed in Lieu Claims
Process/file claims according to investor/insurer/statutory & regulatory guidelines within assigned service level agreements
Review and ensure all invoices are included with the claim
Research loan history for advances and deposits
Contact various internal departments for clarification on advances
Review and Consult with the Mortgage Insurance department regarding refunds. Review and consult with the Hazard department on the disbursement of hazard insurance proceeds. Determine if refunds are needed
Respond to attorney loan level requests
Ensure system is updated accurately before moving the loan to the next phase of the Claim process
Review claims completed by processors for accuracy and submits to investor
Work with Foreclosure, Loss Mitigation, Bankruptcy, Evictions, Collections, Property Preservation, and others to reconcile the losses/book the losses
Reconcile loans for final loss allocation, approving the loss amounts. Reconcile loans for final refunds to investor or prior servicer
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies
Promote an environment that supports belonging and reflects the M&T Bank brand
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
Complete other related duties as assigned
Qualification
Required
A combined 4 years' higher education and/or work experience, including a minimum of 2 years' Default experience
Organized and detail oriented
Strong verbal and written communication skills
Strong customer service skills
Preferred
5 years' Default experience
Full processing knowledge of all disposition types
Knowledge of M&T Bank systems
Company
M&T Bank
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H1B Sponsorship
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Funding
Current Stage
Late StageLeadership Team
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