Posted in

CAM Documentation & Control Specialist III

CAM Documentation & Control Specialist III

CompanyM&T Bank
LocationCheektowaga, NY, USA
Salary$20.94 – $34.91
TypeFull-Time
DegreesBachelor’s
Experience LevelJunior, Mid Level

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.