Apply on Employer Site

M&T Bank · 5 days ago

Loss Mitigation Underwriter I

United States

Full-time

Remote

Entry Level

$20.55/hr - $34.25/hr

1+ years exp

M&T Bank is seeking a Loss Mitigation Underwriter I who will be responsible for submitting loan modification workups for various investor workout options. The role involves communicating with customers and managing account portfolios to ensure compliance with banking policies and investor guidelines.

Financial Services

H1B Sponsor Likely

Responsibilities

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

Review tax returns, income statements, pay stubs, 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

Qualification

Underwriting experienceCollections experienceMortgage collections experienceParalegal certificationCustomer service skillsWord processing softwareSpreadsheet softwareM&T systemsCommunication skills

Required

A combined 3 years' higher education and/or experience, including a minimum of 1 year collections or underwriting experience

Ability to communicate effectively and professionally over the phone

Excellent communication and customer service skills

Proficiency with word processing and spreadsheet software

Preferred

Bachelor's degree

Paralegal certification or experience

Mortgage collections experience

Knowledge of M&T systems

Company

M&T Bank

Glassdoor3.6

Great companies have an enduring sense of purpose.

Founded in 1856

Buffalo, New York, US

10001+ employees

http://www.mtb.com

H1B Sponsorship

M&T Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (116)

2024 (113)

2023 (84)

2022 (103)

2021 (42)