M&T Bank is hiring a Loss Mitigation Underwriter I to join our team in Clanton, Alabama. In this role, you will be responsible for submitting loan modification workups for the entire waterfall of investor workout options, managing a portfolio of approximately 70 loans.

What You'll Do

Understand investor waterfalls and required documents for loss mitigation.
Communicate with customers, real estate agents, and attorneys to negotiate short sale settlements and advise of decisions.
Manage your account portfolio to ensure all actions comply with banking policies, investor guidelines, and regulations.
Assess property values and variances between appraisals and buyer offers.
Review tax returns, income statements, pay stubs, credit reports, and other financial documents.
Determine the most suitable repayment option for customers and calculate loan modification terms.
Prepare workout summaries for management approval.
Coordinate with Single Point of Contact, title vendors, and the Closing team to resolve account complications.
Adhere to applicable compliance and operational risk controls.
Maintain M&T internal control standards and address audit findings.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Complete other related duties as assigned.

What We're Looking For

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.