Consumer Lending Associate I - Altoona PA

Reposted 7 Days Ago
Be an Early Applicant
Altoona, PA, USA
In-Office
18-28 Hourly
Junior
Fintech
The Role
Review and audit consumer loan documentation for accuracy and regulatory compliance, secure collateral, coordinate required third-party documents, process routine transactions and daily disbursement files, assist customers and internal partners with account issues, and maintain internal controls and compliance.
Summary Generated by Built In
Overview:

Responsible for reviewing loan documentation for accuracy and compliance to regulatory requirements and for properly securing collateral for the bank.

Primary Responsibilities:
  • Responsible for any or all of the following:
  • Audit loan documents received from originating source for accuracy and compliance to regulatory requirements.  Communicate to originating source any errors contained within the documents.  Prepare daily balance of batch work to mainframe systems.  Prepare documentation to secure collateral interest for the Bank.
  • Determine and prepare appropriate documents (i.e. appraisal, title flood, insurance, bankruptcy, auction) and submit request to designated agency Perform scheduled follow-up process to ensure documents are received in a timely manner.
  • Review collateral insurance qualification for impacted collateral, and determine appropriate steps in claims processing procedure.
  • Research and process routine monetary transactions.  Communicate with external department to acquire documentation required in research process.
  • Perform in-depth customer service functions.  Assist internal and external customers with detailed issues relative to specific account information, monetary transactions, or required account documentation.
  • Validate transaction file for daily disbursement of funds to appropriate source.  Daily files to dealer sources exceed $10 million.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • 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.
Scope of Responsibilities:

Has contact with Automobile and Consumer Goods and Services dealers and vendors/outside agencies.

Education and Experience Required:

High School diploma or equivalent and one year of relevant experience

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $18.00 - $28.31 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

LocationAltoona, Pennsylvania, United States of America

Skills Required

  • High school diploma or equivalent
  • One year of relevant experience
  • Experience working with mainframe systems or similar batch processing

M&T Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&T Bank and has not been reviewed or approved by M&T Bank.

  • Retirement Support Retirement benefits are positioned as a strong pillar, including a 401(k) match and the possibility of an additional employer contribution, plus access to an employee stock purchase plan.
  • Leave & Time Off Breadth Time-off offerings are framed as competitive, with a flexible PTO approach and paid volunteer time called out as a meaningful add-on to standard leave.
  • Wellbeing & Lifestyle Benefits Wellbeing support appears comparatively robust, highlighted by mental-health therapy/coaching sessions and broader wellness programming alongside community-oriented perks.

M&T Bank Insights

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The Company
HQ: Buffalo, NY
21,590 Employees
Year Founded: 1856

What We Do

M&T Bank is a multi-state community-focused bank serving New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, D.C. Founded in 1856, the company provides banking, investment, insurance and mortgage financial services to more than 3.6 million consumer, business and government clients.

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