Loss Mitigation Underwriter I-2: Loan Workout Expert

M&T Bank Corporation; New York, Northern (NY, KY); Hybrid; USD 28,000 - 47,000; Full time

Job summary

M&T Bank Corporation in Getzville, NY seeks a Loan Modification Associate to prepare workout workups and guide loss mitigation across the investor waterfall. You will communicate with customers, attorneys, and agents to negotiate settlement offers and ensure documentation compliance.

You will review financial documents, assess property value, determine repayment options, and prepare management summaries. The role requires 3 years combined education/experience with at least 1 year in collections

Qualifications

• Combined 3 years of higher education and/or experience required.
• At least 1 year of 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.

Responsibilities

• Submit loan modification workups and manage investor workout options.
• Negotiate short-sale settlement offers and advise on loss mitigation.
• Monitor portfolio for compliance with policies and guidelines.
• Assess property value and review financial documents.
• Determine repayment options and modify loan terms.
• Prepare workout summaries for management approval.
• Coordinate with title vendors and Loss Mitigation Closing team.

Skills

Communication

Phone communication

Customer service

Organizational skills

Education

Bachelor's degree

Paralegal certification or experience

Mortgage collections experience

Knowledge of M&T systems

Tools

Word processing

Spreadsheets

M&T systems

Job description

M&T Bank Corporation in Getzville, NY seeks a Loan Modification Associate to prepare workout workups and guide loss mitigation across the investor waterfall. You will communicate with customers, attorneys, and agents to negotiate settlement offers and ensure documentation compliance.

You will review financial documents, assess property value, determine repayment options, and prepare management summaries. The role requires 3 years combined education/experience with at least 1 year in collections