Foreclosure Loss & Risk Specialist

M&T Bank; Getzville (NY); On-site; USD 31,000 - 52,000; Full time

Job summary

M&T Bank in Getzville, NY seeks an Foreclosure Loss Specialist to manage high-risk foreclosure loss analysis and to coordinate with foreclosure attorney firms to ensure accurate reporting and adherence to investor guidelines.

The role requires researching loan files, validating fees, developing loss narratives, and recommending corrective actions to mitigate future losses. Strong analytical, communication, and teamwork skills are essential.

Qualifications

• Combined 4 years of higher education and/or work experience.
• Minimum 2 years in Default Servicing related field experience (e.g., Collections, REO, Loss Mitigation, Foreclosure Claims).
• Working knowledge of word processing and spreadsheet software.
• Strong written and verbal communication skills.
• Detail oriented.
• Strong analytical and problem solving skills.
• Ability to work effectively in a team environment.

Responsibilities

• Perform high-risk administrative functions associated with the foreclosure process while safeguarding M&T's interest in the subject mortgaged property.
• Research foreclosure files, court records, invoices, and supporting documentation to identify, investigate, monitor foreclosure reporting, and analyze loss events.
• Develop comprehensive timelines and detailed event narratives that clearly explain the circumstances contributing to foreclosure reporting and losses.
• Evaluate foreclosure-related fees, costs, advances, and expenses to determine validity, recoverability, and accountability.
• Assign losses to the appropriate responsible party based on documented findings, contractual obligations, and established guidelines.
• Work directly with foreclosure attorney firms to obtain detailed explanations, supporting documentation, and clarification regarding fees, costs, delays, procedural deficiencies, and foreclosure milestones for reporting, claims, and losses.
• Conduct professional discussions with attorney firms regarding errors, omissions, performance concerns, and loss events while maintaining productive business relationships.
• Analyze the root cause of losses and identify trends or recurring issues that may increase financial or operational risk.
• Provide recommendations for corrective actions and process improvements designed to mitigate future losses.
• Ensure accurate recordkeeping, timely completion of loss reviews, and adherence to departmental reporting requirements.
• Partners with internal stakeholders, including foreclosure operations, legal, investor reporting, vendor management, and quality control teams, to support operational objectives and risk mitigation efforts.
• Research, validate and update loans appearing on various foreclosure exception reports, including but not limited to No Dual Track, clean up and investor timeline reports.
• Conduct regular ‘side by side’ with team to discuss loan level issues and procedures. Conduct a review of all assigned loans, including the updating of documentation and follow-up.
• Work with management to revise, update and implement procedure changes as well as create new procedures. Gather departmental information and assemble presentations for regular investor, regulatory and internal meetings.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.

Skills

Communication skills

Analytical thinking

Detail oriented

Teamwork

Education

4 years education/experience

Tools

Word processing

Spreadsheets

Job description

M&T Bank in Getzville, NY seeks an Foreclosure Loss Specialist to manage high-risk foreclosure loss analysis and to coordinate with foreclosure attorney firms to ensure accurate reporting and adherence to investor guidelines.

The role requires researching loan files, validating fees, developing loss narratives, and recommending corrective actions to mitigate future losses. Strong analytical, communication, and teamwork skills are essential.