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CAM Documentation & Control Specialist III
Company | M&T Bank |
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Location | Cheektowaga, NY, USA |
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Salary | $20.94 – $34.91 |
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Type | Full-Time |
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Degrees | Bachelor’s |
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Experience Level | Junior, Mid Level |
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Requirements
- A combined 4 years’ higher education and/or work experience, including a minimum of 2 years’ default servicing experience.
- General personal computing skills including proficiency with word processing and spreadsheet software.
Responsibilities
- Understand investor’s waterfall and required documents for loss mitigation. Ensure receipt of all required documentation, including, but not limited to, a hardship letter, bank statements, pay stubs, alimony agreements and evidence of social security or pension payments.
- Identify proof of income listed on financial documents.
- Request missing or additional documentation needed to move forward with the borrower’s request for loss mitigation.
- Communicate with the Single Point of Contact (“SPOC”) regarding follow up document requests.
- Order borrower credit bureau reports and foreclosure fee reports in accordance with M&T procedure and document the request history to ensure compliance with the Fair Credit Reporting Act and investor guidelines.
- Perform quality check on all letters sent to borrowers from the SPOC, closing and underwriting teams. Identify sources of communication errors.
- Respond to escalation tasks opened by SPOC and instruct team members as to prevention of similar escalations.
- 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.
- Complete other related duties as assigned.
Preferred Qualifications
- Bachelor’s degree.
- Mortgage collections experience.
- Knowledge of M&T systems.