CAM Claims Processor III
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At a glance
Job overview
M&T Bank is hiring a CAM Claims Processor III. The CAM Claims Processor III submits conventional claims, reviews losses, and reconciles loans for final booking by Default Accounting. This role involves reviewing claims for accuracy and processing them according to investor, insurer, statutory, and regulatory guidelines. The processor also researches loan history, contacts internal departments for clarification, and consults with Mortgage Insurance and Hazard departments regarding refunds and disbursements.
Key focus areas include Monitor daily reports outlining workflow and processing needed, Understand difference between the claim types: Short Sales, Foreclosure Claims, Third Party Claims, Charge Off, Security Claims, Loss Mitigation Claims, and Deed in Lieu Claims, and Process/file claims according to investor/insurer/statutory & regulatory guidelines within assigned service level agreements.
Successful candidates bring 4 Years Higher Education/Work Experience and 2 Years Default Experience. Important skills include Organized, Detail Oriented, Communication, and Customer Service. Preferred (not required): Full Processing Knowledge Of All Disposition Types and M&T Bank Systems.
Skills & qualifications
Skills
Qualifications
Full job description
Overview:
Submits conventional claims, reviews losses, and reconciles loans for final booking by Default Accounting. Reviews claims filed for accuracy.
Primary Responsibilities:
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Monitor daily reports outlining workflow and processing needed.
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Understand difference between the claim types: Short Sales, Foreclosure Claims, Third Party Claims, Charge Off, Security Claims, Loss Mitigation Claims, and Deed in Lieu Claims.
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Process/file claims according to investor/insurer/statutory & regulatory guidelines within assigned service level agreements.
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Review and ensure all invoices are included with the claim.
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Research loan history for advances and deposits.
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Contact various internal departments for clarification on advances.
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Review and Consult with the Mortgage Insurance department regarding refunds. Review and consult with the Hazard department on the disbursement of hazard insurance proceeds. Determine if refunds are needed.
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Respond to attorney loan level requests.
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Ensure system is updated accurately before moving the loan to the next phase of the Claim process.
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Review claims completed by processors for accuracy and submits to investor.
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Work with Foreclosure, Loss Mitigation, Bankruptcy, Evictions, Collections, Property Preservation, and others to reconcile the losses/book the losses.
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Reconcile loans for final loss allocation, approving the loss amounts. Reconcile loans for final refunds to investor or prior servicer.
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Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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Promote an environment that supports belonging and reflects the M&T Bank brand.
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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.
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Complete other related duties as assigned.
Scope of Responsibilities:
This position interacts with internal M&T Bank departments and external third-party Attorney Firm vendors.
Education and Experience Required:
A combined 4 years’ higher education and/or work experience, including a minimum of 2 years’ Default experience.
Organized and detail oriented.
Strong verbal and written communication skills.
Strong customer service skills.
Education and Experience Preferred:
5 years’ Default experience.
Full processing knowledge of all disposition types.
Knowledge of M&T Bank systems.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 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 America
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.
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