Job Details

Loss Mititgation Underwriter I

Company name

M&T Bank.

Organization Type

In-House

Job Type

Legal Staff

Date Last Verified

Feb 13,2019

Valid Through

May 29,2019

Posted on

Feb 11,2019

Years of Experience

Min 3 yrs required

Location

New York City, NY, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Finance >> Finance - Banking
  Employer Sponsored Job (Free to apply to)
 
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Profile

Loss Mititgation Underwriter I
The candidate will be responsible for submitting loan modification workups for the entire waterfall of investor workout options. 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. Responsible for meeting and maintaining registration requirements under the Federal SAFE Act. Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. Maintain bank 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 diversity and reflects the Bank brand. Complete other related duties as assigned.

Qualification and Experience

A Bachelor's degree; Paralegal certification or experience is preferred. Mortgage collections experience is desired. Should have 3 years' higher education and/or experience, including a minimum of 1 year collections or underwriting experience. Must have ability to communicate effectively and professionally over the phone. Should have excellent communication and customer service skills. Must have proficiency with word processing and spreadsheet software.

Company info

Hiring Coordinator
M&T Bank.
151 North Main Street
New City, NY 10956

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