Commercial Mortgage Officer Business Enterprise Solutions BES
Commercial Mortgage Officer Business Enterprise Solutions BES
Posted on :
05-04-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.
We are a big (and growing! family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks whollyowned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform eqbank one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Commercial Mortgage Officer is responsible for onboarding maintaining and updating commercial mortgage files/pipeline report from the LOI acknowledgement stage to the funding stage by acting as a liaison between the Account Manager Underwriting Funding and Compliance departments ensuring compliance with the Companys established lending guidelines and requirements. Additional duties are also required including providing the Manager with administrative and clerical support and special projects required by senior management and networking with clients brokers and other external business partners as well as staff within the Credit & Risk Management group and other internal departments.
The core parts of your role would be to:
- 30 on a daily basis the incumbent will on board loans by adding loans to SIT and RAISE platforms. Scrub the loan details against SFR watch/deny list and document the Broker verification process. The incumbent will scrutinize the contents of the file with a strong emphasis on antimoney laundering (AML) and antiterrorist financing (ATF) requirements to assess if CIF merges are required review existing AML scores ensure any STR/SATs are dealt with accordingly and archive all documents received to date to Filenexus.
- 30 on a daily basis the incumbent will communicate with internal contacts (i.e. Account Managers Underwriters Funders Compliance) and third party providers (i.e. Brokers Partners Clients) to obtain/review required AML documentation and act as a liaison between various groups within the department. Ensuring transactions are processed in a timely and efficient manner in order to deliver superior customer service while ensuring compliance with the Companys established AML policies and lending guidelines and requirements. Completion of the Fintrac form prior to funding and recommend to Management for approval.
- 20 on a daily basis generate CAFs by updating loan details in SIT as per approved LPD write ups and recommend to management for approval.
- 10 update statuses or closing dates as requested process good faith deposit cheques on SIT document loan cancellations on SIT RAISE and FileNexus prepare loan cancellation memos for fee reimbursement for senior management approval and cut reimbursement cheques from SIT or request wires from Funding.
- 10 on a daily basis assist the underwriters in preparation of draft commitments instructing the funding dept income analysis and employment verbal verifications the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines.
Lets Talk About You!
- Have a minimum of 2 years commercial mortgage/administration experience
- Postsecondary education (diploma/degree) preferably in business or finance
- Extensive working knowledge of MS Office (Word Excel Outlook Power Point)
- Strong analytical skills
- Strong organizational skills
- Ability to handle multiple competing priorities
- Good time management skills
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner
Job Complexities / Thinking Challenges:
- The position requires the incumbent to be a selfstarter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature requiring indepth reviews of documentation.
#LIHybrid
What we offer For fulltime permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental topup while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 351 King Street East Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrierfree recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond.All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Unclear Seniority
Employment Type
Full-Time
Key Skills
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