Overview:
This position manages a portfolio of M&T owned properties to ensure timely resale in an effort to minimize loss to M&T.
Primary Responsibilities:
- Maintain and liquidate a portfolio of M&T owned properties.
- Address any and all issues preventing timely liquidation of portfolio properties.
- Assign real estate agent upon referral from foreclosure. This may require an interview process and uploading of information into M&T Bank systems.
- Establish a working relationship with the agent selling real estate with weekly communication.
- Negotiate Cash for Keys using agent, attorney, investor and Mortgage Insurer (MI) according to procedural guidelines.
- Open the eviction process and follow up weekly with the attorney.
- Stay current on all SCRA laws and any changes or additions to eviction law.
- Make arrangements and follow up with the agent on all lock-out arrangements.
- Fully understand the personal property posting and property eviction requirements in all states.
- If the occupants are cooperative, write up an analysis of listing occupied and submit to management for approval.
- Follow the eviction timeline reporting and update all steps in M&T Bank servicing system.
- Determine if any repairs are necessary or would substantially increase the value of the property and proceed according to any investor or MI guidelines.
- Research and determine a listing price and a Reconciled Asset Value (“RAV”) for each property for management approval
- Follow all time lines established by the investors.
- Follow all requirements determined by the specific municipality for vacant property registration and code violations.
- Follow up with the agents to take care of and avoid all code violations.
- Verify that taxes and hazard insurance is in place for each property.
- Verify that all properties are listed in the MLS.
- Discuss marketing with the agents on a 7 – 10 day basis.
- Complete write ups for list reductions and submit for management and/or investor/MI approval.
- Review and negotiate all offers on properties.
- Engage Support to have the contract on approved offers completed.
- Stay engaged with the agent through closing.
- Recommend liquidating through an auction house if marketing is unsuccessful.
- 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:
This position interacts with internal CAM departments and external third parties, including real estate agents and investors.
Education and Experience Required:
A combined 3 years’ higher education and/or work experience, including a minimum of 1 year relevant work experience.
Organized and detail oriented.
Strong verbal and written communication skills.
Strong customer service skills.
Working PC skills including word processing and spreadsheet software.
Education and Experience Preferred:
Bachelor’s degree.
Knowledge of M&T Bank systems.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $18.57 - $30.95 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
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