About the role
Overview:
This position is responsible for receiving and compiling loss mitigation documentation from customers and evaluating loss mitigation files for completion.
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 regarding follow up document requests.
- 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.
Scope of Responsibilities:
This position serves as a critical control point for the loss mitigation process, ensuring that all investor requirements are met with respect to documentation for loss mitigation
Education and Experience Required:
A combined 2 years’ higher education and/or work experience.
General personal computing skills including proficiency with word processing and spreadsheet software.
Education and Experience Preferred:
Associate’s degree.
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 $18.68 - $31.14 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.Location
Getzville, New York, United States of AmericaAplyr's read
M&T Bank is a regional financial institution with a strong community focus, attracting professionals in commercial banking and financial services.
What's promising
- •M&T Bank has a strong regional presence in the Northeastern U.S.
- •The bank offers diverse career opportunities in commercial and retail banking.
- •M&T Bank is known for its community-oriented approach and local involvement.
What to watch
- •M&T Bank faces competition from larger national banks.
- •Limited public information about its technological innovation initiatives.
- •The bank's regional focus may limit geographic career mobility.
Why M&T Bank
- •M&T Bank emphasizes a community-focused banking model.
- •The company offers specialized roles in commercial credit and equipment financing.
- •M&T Bank provides hybrid work opportunities for certain roles, enhancing work-life balance.
Aplyr’s read is generated by AI from public sources. Was it useful?
About M&T Bank
M&T Bank is a regional bank holding company that provides a wide range of financial services, including commercial and retail banking, investment services, and mortgage banking.