Loss Mitigation Underwriter I

**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