Foreclosure Specialist II

📋 Description

• • Take ownership of the entire foreclosure lifecycle for a designated portfolio of mortgage loans, ensuring each case progresses efficiently from initial referral through to post-foreclosure completion.
• • Proactively monitor the progress of foreclosure actions, meticulously tracking all stages, identifying and resolving any issues that arise, managing holds effectively, and conducting necessary research to ensure timely completion.
• • Serve as the primary point of contact for external foreclosure attorneys, fostering clear and consistent communication to anticipate, minimize, and proactively avoid any potential delays in the foreclosure process.
• • Collaborate closely with foreclosure attorneys to address and resolve straightforward contested or litigation actions, as well as title issues, thereby facilitating the smooth and successful conclusion of the foreclosure process.
• • Provide essential and timely status updates to investors throughout the duration of the foreclosure proceedings, ensuring they are kept informed of all significant developments.
• • Assemble and meticulously prepare comprehensive documentation in response to requests from investors or regulatory bodies during audits, ensuring accuracy and completeness.
• • Generate a variety of critical reports, both scheduled and ad hoc, essential for the Foreclosure department's operations. This includes, but is not limited to, monthly scorecard reporting, exception reporting, and detailed workflow tracking reports.
• • Diligently ensure adherence to all investor deadlines within the foreclosure process, with a particular focus on critical timelines such as FHA 1st legal deadlines and FHA eviction 1st legal deadlines.
• • Prepare precise bidding instructions in strict accordance with investor guidelines, ensuring appropriate bidding strategies are employed for sales where M&T’s lien is not in the primary position.
• • Conduct thorough reviews of VA appraiser invoices, preparing them for payment by obtaining necessary W-9 forms, setting up payee headers, and submitting them for processing.
• • Perform initial reviews of all documentation required for foreclosure or simple contested litigation cases, gathering all necessary supporting documents and submitting them to the Tier 2 Reviewer for further examination and execution.
• • Evaluate the equity position of properties and prepare detailed equity analyses to support potential charge-off decisions.
• • Communicate sale results accurately to investors, MI companies, and other relevant parties, ensuring all relevant systems are updated accordingly.
• • Work collaboratively with attorneys to guarantee that foreclosure statuses are reported correctly and consistently to investors.
• • Manage a diverse range of assigned tasks, making critical decisions to hold, close, or proceed with foreclosure actions within established service level agreements.
• • Conduct daily quality control checks on Sale Results for the Foreclosure team, ensuring accuracy and compliance.
• • Monitor, distribute, and respond promptly to emails sent to team email boxes, maintaining efficient communication channels.
• • Receive, review, and distribute legal mail pertaining to residential properties in which the bank holds an interest, received within Customer Asset Management (CAM), to mitigate the risk of loss to the bank or its investors.
• • Liaise with in-house counsel and management to determine the necessity of engaging external counsel to represent M&T Bank in legal matters.
• • Initiate requests for checks for the disbursement of bid deposits, senior lien payoffs, and settlements.
• • Strictly adhere to all applicable compliance and operational risk controls, ensuring alignment with Company or regulatory standards and policies.
• • Maintain M&T internal control standards, including the timely implementation of internal and external audit points and addressing any issues raised by external regulators.
• • Foster and promote an inclusive work environment that supports belonging and authentically reflects the M&T Bank brand values.
• • Undertake and complete other related duties as assigned, demonstrating flexibility and a commitment to team success.
• • This role involves significant interaction with external third-party foreclosure attorneys to guarantee the successful and timely completion of foreclosures, strictly adhering to investor guidelines and requirements.
• • You will also engage with CAM Management and both internal and external legal counsel, requiring strong communication and collaboration skills.
• • The position demands a proactive approach to managing complex legal and financial processes within the default servicing domain.
• • You will be instrumental in mitigating risk and protecting the bank's assets throughout the foreclosure process.
• • This role requires a keen eye for detail and the ability to navigate intricate legal documentation and investor requirements.
• • Success in this position hinges on effective problem-solving and the ability to manage multiple priorities in a fast-paced environment.
• • You will contribute to the overall efficiency and effectiveness of the Foreclosure department, ensuring compliance and operational excellence.
• • The ability to work independently while also being a strong team player is crucial for this role.
• • You will be expected to develop a deep understanding of mortgage products and default servicing procedures.
• • This position offers the opportunity to gain valuable experience in a specialized area of financial services and contribute directly to the company's risk management efforts.