Property Preservation Specialist III

This position is an integral role within M&T's Property Preservation team that will execute day-to-day functions including managing a presale and conveyance portfolio, reviewing monthly inspections, monitoring insurance claims, working closely with other default departments and participating in weekly conference calls with the property preservation vendors. The role involves reviewing hazard claim repairs, managing the Property Preservation mailbox to ensure timely correspondence, identifying loans that cannot be conveyed to HUD and determining alternative dispositions, preparing write-ups for management, referring files to Real Estate Owned (REO) when approvals are received, submitting bids to team leaders, and completing projects related to nonperforming loan sales and due diligence bids for HUD.

The incumbent will manage a presale and conveyance portfolio, ensuring deadlines are met in collaboration with vendors, reducing monetary losses, and adhering to compliance and operational risk controls. Internal control standards must be maintained, including timely implementation of audit points and addressing issues raised by external regulators. The individual will promote an inclusive environment that reflects the M&T Bank brand and complete other related duties as assigned.

This position is an integral role within M&T’s Property Preservation team that will execute day-to-day functions including managing a presale and conveyance portfolio, working daily tasks, reviewing monthly inspections, monitoring insurance claims, working closely with other default departments, and participating in weekly conference calls with the property preservation vendors.

• Review monthly inspections.
• Review bids and submit them to team leaders for review and approval when denied by HUD and work is needed to preserve the property.
• Review claim repairs and investor allowable. Submit bids to team leaders for review and approval.
• Participate in weekly conference calls with property preservation vendors to discuss loans that have issues.
• Oversee emails and the Property Preservation mailbox ensuring that all correspondence is responded to timely.
• Review loans for alternative dispositions that are not conveyable to HUD, complete a write-up and gather all necessary documentation needed for the recommendation, and refer all files to Real Estate Owned (REO) that cannot be conveyed to HUD once approval is received.
• Complete projects related to nonperforming loan sales, due diligence bids for HUD, and overdue tasks.
• Manage a presale and conveyance portfolio, ensuring that deadlines are met by working closely with the vendor, obtaining status updates, and reducing monetary losses.
• 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.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Complete other related duties as assigned.

This position interacts with internal CAM departments, external third-party property preservation vendors, and HUD.

A combined 4 years’ higher education and/or work experience, including a minimum of 2 years’ Mortgage Default and/or Property preservation experience.

Working knowledge of word processing, spreadsheet, and email software.

Excellent written and verbal communication skills.

Detail oriented.

Motivated, team player with a positive and friendly attitude.

Strong analytical ability and problem-solving skills.

Very strong work ethic and ability to work independently and make decisions.

Bachelor’s degree.

Knowledge of departmental software and M&T Bank systems.

5 years’ Mortgage Default and/or property preservation experience.

Prior departmental experience preferred. 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).

Getzville, New York, United States of America