Loss Mitigation Underwriter

Loss Mitigation Underwriter I page is loaded## Loss Mitigation Underwriter Iremote type:
Remote Eligible, USA locations:
Remote, USAtime type:
Full time posted on:
Posted Todayjob requisition :
R82100#
** 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 (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 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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