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Loan Processor / Assistant
Buffalo, NY

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M&T Bank

Foreclosure Specialist III

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Job Description

The Role Monitors and oversees foreclosure portfolios to ensure compliance with investor, state, and federal guidelines. Serves as an escalation point for associates, attorneys, and internal departments; tracks legal deadlines, exception reports, fees, litigation files, and investor bidding instructions. Performs quality control reviews, conducts loan-level audits, supports procedure updates, prepares reports and presentations, and provides team guidance and training while maintaining operational and regulatory controls. Summary Generated by
Built In Overview:
This position is responsible for monitoring and overseeing the foreclosure process for loans assigned to team members to ensure foreclosures remain on track with investor guidelines. This position also provides subject matter expertise to the team and handles escalated issues, as well as being responsible for managing a portfolio of loans involved in complex litigation and protecting M&T's interest in the subject mortgaged property. In addition, this position performs the highest risk administrative functions related to the foreclosure process.
Primary Responsibilities:
Monitor progress of foreclosures through queues and reporting, ensuring team is effectively working their portfolios and compliance with state/federal and investor guidelines. Work with foreclosure attorney, outside counsel and/or in house counsel to resolve disputes involving property in which the bank or its investors have an interest. Serve as primary escalation contact for both associates on the team, attorneys and other departments. Work with Foreclosure team to ensure FHA 1st legal deadlines are met once the loan is referred to foreclosure, including filing and tracking of any necessary extension requests. Research, validate and update loans appearing on various foreclosure exception reports, including but not limited to No Dual Track, clean up and investor timeline reports. Provide approval of additional attorney fees beyond associate level approval limit. Maintain tracking and reporting of legal expense on litigation files outside of the foreclosure action. Perform QC review and approval of investor bidding instructions, ensuring adherence to investor/MI guidelines. Conduct regular 'side by sides' with team to discuss loan level issues and procedures. Conduct a review of all assigned loans at a minimum of every 30 days, including the updating of documentation and follow up. Ensure compliance with federal, state, regulatory and investor guidelines regarding foreclosure. Work with management to revise, update and implement procedure changes as well as create new procedures. Gather departmental information and assemble presentations for regular investor, regulatory and internal meetings. 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 interacts with CAM management and external third-party foreclosure attorneys to ensure successful and timely completion of foreclosure, consistent with investor guidelines and regulatory requirements.
Education and Experience Required:
A combined 4 years' higher education and/or work experience, including a minimum of 2 years' 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. Ability to work effectively in a team environment.
Education Experience Preferred:
3 years' Default Servicing related field experience (e.g., Collections, REO, Loss Mitigation). Proven leadership ability. Knowledge of bank and departmental systems. Understanding of mortgage product including home equity loans and lines of credit, general operation and systemic functions including payment allocation and escrow. Experience training new staff and implementing procedures and process changes. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location. Location Clanton, Alabama, United States of America Read Full Description Skills Required Combined four years of higher education and/or work experience At least two years of default servicing experience, such as collections, REO, or loss mitigation Working knowledge of word processing and spreadsheet software Strong written and verbal communication skills Detail-oriented work style Strong analytical and problem-solving skills Ability to work effectively in a team environment Three years of default servicing experience Proven leadership ability Knowledge of bank and departmental systems Understanding of mortgage products, including home equity loans and lines of credit, payment allocation, and escrow Experience training new staff and implementing procedures and process changes M&T Bank Compensation & Benefits Highlights The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&T Bank and has not been reviewed or approved by M&T Bank. About This Summary Retirement Support — Retirement benefits are positioned as a strong pillar, including a 401(k) match and the possibility of an additional employer contribution, plus access to an employee stock purchase plan. Leave & Time Off Breadth — Time-off offerings are framed as competitive, with a flexible PTO approach and paid volunteer time called out as a meaningful add-on to standard leave. Wellbeing & Lifestyle Benefits — Wellbeing support appears comparatively robust, highlighted by mental-health therapy/coaching sessions and broader wellness programming alongside community-oriented perks. Learn more about M&T Bank's Compensation & Benefits → M&T Bank Insights What's It Like to Work at M&T Bank? M&T Bank Culture & Values M&T Bank Career Growth & Development What's the Work-Life Balance Like at M&T Bank? M&T Bank Leadership & Management M&T Bank Company Growth, Stability & Outlook View all jobs at M&T Bank View M&T Bank Profile Report Job

Benefits

  • Paid Time Off (PTO)
  • Volunteer Time Off (VTO)
  • 401(k) Plans
  • Professional Development