REO Asset Manager I

Job description

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....