M&T Bank is hiring a Foreclosure Specialist III to monitor and oversee the foreclosure process for assigned loans, ensuring adherence to investor guidelines. You will provide subject matter expertise, handle escalated issues, and manage a portfolio of loans involved in complex litigation to protect the bank's interest.
What You'll Do
- Monitor foreclosure progress through queues and reporting, ensuring team compliance with state, federal, and investor guidelines.
- Work with foreclosure attorneys and counsel to resolve disputes involving mortgaged property.
- Serve as the primary escalation contact for team associates, attorneys, and other departments.
- Ensure FHA 1st legal deadlines are met and track necessary extension requests.
- Research, validate, and update loans on foreclosure exception reports.
- Approve additional attorney fees beyond associate limits and track legal expenses on litigation files.
- Perform QC review and approval of investor bidding instructions.
- Conduct regular 'side by side' reviews with the team and review all assigned loans at least every 30 days.
- Ensure compliance with all federal, state, regulatory, and investor foreclosure guidelines.
- Work with management to revise, update, and implement procedure changes.
- Gather information and assemble presentations for investor, regulatory, and internal meetings.
- Adhere to applicable compliance and operational risk controls.
- Maintain M&T internal control standards and implement audit points.
- Promote an environment that supports belonging and reflects the M&T Bank brand.
What We're Looking For
- A combined 4 years’ of higher education and/or work experience, including a minimum of 2 years’ experience in a Default Servicing related field (e.g., Collections, REO, Loss Mitigation).
- Working knowledge of word processing and spreadsheet software.
- Strong written and verbal communication skills.
- Detail-oriented approach.
- Strong analytical and problem-solving skills.
- Ability to work effectively in a team environment.
Nice to Have
- 3 years’ experience in a Default Servicing related field.
- Proven leadership ability.
- Knowledge of bank and departmental systems.
- Understanding of mortgage products, including home equity loans and lines of credit, general operation, and systemic functions.
- Experience training new staff and implementing procedures and process changes.
Technical Stack
- Word processing software
- Spreadsheet software
Team & Environment
You will interact with CAM management and external third-party foreclosure attorneys.
Benefits & Compensation
- Compensation: $22.61 - $37.67 Hourly (USD)
Work Mode
This is an onsite position located in Clanton, Alabama, United States of America.
M&T Bank is an equal opportunity employer.
