Loss Mitigation Underwriter

Position: Loss Mitigation Underwriter I
Location: New York

Loss Mitigation Underwriter I page is loaded## Loss Mitigation Underwriter Iremote type:
Hybrid Position locations:
Getzville, NYtime type:
Full time posted on:
Posted Todayjob requisition :
R82532#
** Overview:
** This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options.##
*
* Primary Responsibilities:

*** Understand investor’s waterfall and required documents for loss mitigation.
* Communicate with customers, real estate agents and attorneys to negotiate short sale settlement offers and advise of loss mitigation decisions.
* Manage and monitor account portfolio to ensure that all documentation and account decisions comply with banking policies, investor guidelines and applicable regulations.
* Assess property value and variance between appraised properties and offers submitted by potential buyers.
* Review tax returns, income statements, pay stubs, credit reports and general customer financial documents.
* Determine the most suitable repayment option for customers and calculate loan modification terms.
* Prepare workout summaries for management approval.
* Communicate with Single Point of Contact, title vendors and Loss Mitigation Closing team to gather information and resolve account complications.
* 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:

Works a portfolio of approximately 70 loans.##
** Education and Experience

Required:

** 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.##
** Education and

Experience Preferred:
** Bachelor’s degree.

Paralegal certification or experience.

Mortgage 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 $20.55 - $34.25 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 America Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one:
** make a difference in people’s lives and uplift the communities we serve**. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers.

We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution.
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