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M&T Bank First Financial Institution In New York State And Second In The Nation To Help Some Unemployed Mortgage Holders Find Jobs

Stocks in this article: MTB

BUFFALO, N.Y., Nov. 21, 2013 /PRNewswire/ -- Job loss is a major reason why homeowners fall behind on their mortgage loan payments. M&T Bank is the first financial institution in New York State and the second nationwide to take a proactive approach to aid some of their distressed and delinquent borrowers.

Recently, M&T became aware of a reemployment solutions company called NextJob, Inc., a nationwide firm designed to assist the unemployed with the improvement of their position in the workforce. M&T has been so impressed with NextJob's Homeowner Reemployment Program that it has decided, on a pilot basis, to introduce some of its borrowers to NextJob, which will offer to work with the borrowers and assist them in their job-search efforts. NextJob's services, which are further described below, will be offered at no cost to the borrowers.  

"As a bank that is committed to the customers and communities we serve, our goal is to make home ownership viable whenever possible," says Mark Mendel, Customer Asset Management Senior Vice President.

Participants will work directly with a NextJob coach to:

  • Develop and execute a detailed job search action plan
  • Create an effective resume and cover letter designed to get the attention of hiring managers
  • Analyze career direction options and identify skills that could transfer to another industry or field
  • Discover and network to land "hidden" jobs that are open but never advertised
  • Learn how to effectively use the latest in internet tools and techniques
  • Prepare for  interviews that, hopefully, help them land their next job

NextJob President John Courtney said, "M&T's commitment to this pilot demonstrates that, together, we can find new solutions to old problems."

While following up and working directly with NextJob does not guarantee employment or prevent M&T Bank from taking action to collect any debt or commence proceedings for enforcement of the customer's mortgage loan, M&T Bank believes that customers in need of help will benefit from their choice to partner with NextJob.

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