Loss Mitigation Underwriter I-2
mtb· 001 Manufacturers and Traders Trust Co
About this role
Overview:
This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options.
Primary Responsibilities:
- Understand investor’s waterfall and required documents for loss mitigation.
- Communicate with customers, real estate agents and attorneys to negotiate short sale settlement offers and advise of loss mitigation decisions.
- Manage and monitor account portfolio to ensure that all documentation and account decisions comply with banking policies, investor guidelines and applicable regulations.
- Assess property value and variance between appraised properties and offers submitted by potential buyers.
- Review tax returns, income statements, pay stubs, credit reports and general customer financial documents.
- Determine the most suitable repayment option for customers and calculate loan modification terms.
- Prepare workout summaries for management approval.
- Communicate with Single Point of Contact, title vendors and Loss Mitigation Closing team to gather information and resolve account complications.
- 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:
Works a portfolio of approximately 70 loans.
Education and Experience Required:
A combined 3 years’ higher education and/or experience, including a minimum of 1 year 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.
Education and Experience Preferred:
Bachelor’s degree.
Paralegal certification or experience.
Mortgage collections experience.
Knowledge of M&T systems.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $20.55 - $34.25 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 AmericaFrequently Asked Questions
What is the salary for the Loss Mitigation Underwriter I-2 role at mtb?
The listed salary for this Loss Mitigation Underwriter I-2 position at mtb is USD 21–34. This is an Full time role.
Where is the Loss Mitigation Underwriter I-2 position at mtb located?
This Loss Mitigation Underwriter I-2 role at mtb is based in Getzville, NY. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Loss Mitigation Underwriter I-2 role at mtb full-time or part-time?
This is listed as a Full time position. It is posted as a Loss Mitigation Underwriter I-2 role in the 001 Manufacturers and Traders Trust Co department at mtb.
Which team or department does the Loss Mitigation Underwriter I-2 at mtb belong to?
This Loss Mitigation Underwriter I-2 position is part of the 001 Manufacturers and Traders Trust Co department at mtb. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Loss Mitigation Underwriter I-2 position at mtb?
Click the "Apply Now" button on this page. You will be redirected to mtb's official application portal hosted on workday where you can submit your application directly.
When was the Loss Mitigation Underwriter I-2 job at mtb posted?
This Loss Mitigation Underwriter I-2 position at mtb was posted on Sep 8, 2026. Apply as soon as possible — early applications are often reviewed first.
Loss Mitigation Underwriter I-2
mtb · 💰 USD 21–34
You'll be redirected to mtb's official application page on Workday.