2026 Corporate Summer Internship Program - Mortgage Default Servicing, Loss Mitigation Operations

Manufacturers and Traders Trust • Getzville, NY

46d • $18 - $28

About The Position

Overview: Summer Interns complete a 10 week internship centered around professional development, career growth and building the necessary skills to succeed. Summer Interns participate in projects and department initiatives that accelerate career growth and play an important role in building the future of the Bank. As an Intern, you will gain exposure to other departments through guest speakers and industry leaders and a built-in network with peers as well as priority consideration for full time opportunities throughout the Bank. Loss Mitigation Operations Department Functions: Underwriting- Reviews borrower’s request for mortgage assistance who are interested in retaining their property. Responsible for calculating income and determining which mortgage assistance option is the best fit for the borrower following investor/insurer guidelines. Determines eligibility for streamline/deferral options as well as responsible for monitoring payment plans. The Quality Assurance team is responsible for accuracy of all decisions. Liquidation- Determines eligibility for liquidation options on defaulted loans and loans in imminent default. Closes liquidation options in adherence with investor and regulatory requirements. Document and Control- Works with our vendors to draft modification documents. Reviews and QC’s executed modification/partial claim documents for accuracy and initiates recording with county clerks' offices. Manages HUD Demands and GNMA exceptions for re-pooling of closed loan modifications. System Updates- Monitors the loan once the documents are returned and assigned by the Document Preparation team. Ensures that the loan is closed in accordance with regulatory and investor requirements. Ensures that the system is updated to reflect the new terms of the loan. The Quality Assurance Team is responsible for accuracy of all closings.

Requirements

• Currently pursuing a Bachelor’s or Master’s degree
• Minimum Cumulative GPA of 3.0
• Work Visa Sponsorship not offered for this role

Nice To Haves

• Strong written and verbal communication skills
• Demonstrated computer skills
• Proven analytical skills
• Proven critical thinking skills
• Strong organizational skills
• Detail-oriented

Responsibilities

• Complete duties and responsibilities of an entry-level professional nature specific to assigned area of the Bank.
• Ensure activities adhere to established internal policies and external regulations as applicable.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
• Identify risk-related issues needing escalation to management.
• Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis.
• Identify risk-related issues needing escalation to management.
• 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.

What This Job Offers

• Career Level: Intern
• Number of Employees: 5,001-10,000 employees