Foreclosure Specialist – III

This is a fully remote position, open to applicants in Alabama.

📋 Description

• Oversee the status of foreclosures through monitoring queues and reporting, ensuring that team portfolios are managed effectively and comply with state, federal, and investor regulations.

• Collaborate with foreclosure attorneys, external counsel, and/or in-house legal teams to address disputes concerning properties in which the bank or its investors hold an interest.

• Act as the main escalation point for team members, attorneys, and other departments.

• Ensure adherence to FHA first legal deadlines and track necessary requests for extensions.

• Research, validate, and update loans on foreclosure exception reports, including No Dual Track, cleanup, and investor timeline documentation.

• Authorize additional attorney fees exceeding associate-level approval thresholds.

• Monitor and report legal costs associated with litigation files beyond the foreclosure process.

• Perform quality control reviews and approve investor bidding directives.

• Conduct regular side-by-side evaluations with the team and review assigned loans at least every 30 days.

• Ensure compliance with federal, state, regulatory, and investor foreclosure standards.

• Revise, update, and establish procedures; develop new processes as needed.

• Gather departmental data and prepare presentations for investor, regulatory, and internal meetings.

• Maintain compliance and operational risk controls along with internal control standards.

• Implement points raised in internal and external audits and address relevant issues from external regulators.

• Foster an environment that promotes inclusivity and reflects the M&T Bank brand.

• Perform other related duties as assigned.

⛳️ Requirements

• A total of 4 years of higher education and/or relevant work experience, including at least 2 years in a Default Servicing related field (e.g., Collections, REO, Loss Mitigation).

• Proficiency in word processing and spreadsheet software.

• Excellent written and verbal communication abilities.

• Strong attention to detail.

• Robust analytical and problem-solving skills.

• Capability to operate effectively within a team environment.

• Preferred: 3 years of experience in a Default Servicing related field (e.g., Collections, REO, Loss Mitigation).

• Preferred: Demonstrated leadership skills.

• Preferred: Familiarity with bank and departmental systems.

• Preferred: Understanding of mortgage products, including home equity loans and lines of credit, as well as general operations and systemic functions such as payment allocation and escrow.

• Preferred: Experience in training new personnel and implementing procedural and process changes.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health, dental, and vision insurance.

• Retirement savings plan with company match.

• Generous paid time off and holiday schedule.

• Opportunities for professional development and career advancement.