QA Analyst Multi Unit Residential Lending Contract

Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits. We help hardworking Canadians from coasttocoast achieve homeownership by offering flexible mortgage solutions. Our insured GIC deposits offer competitive rates and are available through a variety of wealth management platforms.

About Haventree Bank

Headquartered in Toronto Ontario Haventree Bank (Haventree) is a mission driven alternative mortgage lender. The name Haventree is representative of the banks mission to help its customers find a place of refuge and to lay down new roots for the future. Haventree exists to be a catalyst of financial security and upward mobility for Canadians who are underserved by the traditional financial system.

Position Summary:

Reporting to the VP Mortgage Lending the Quality Assurance Analyst plays a crucial role in ensuring the accuracy completeness and compliance of multiunit residential lending files. This position requires a strong understanding of credit multiunit residential underwriting guidelines regulatory requirements and best practices to identify and mitigate potential risks.

Major Duties & Responsibilities:

File Reviews:

• Conduct thorough reviews of loan files within the timelines/requirements specified by HTBs insured multifamily mortgage origination partners.
  Verify the accuracy and completeness of loan documentation.
• Review and confirm the accuracy completeness and status of the insured mortgages Certificate of Insurance (COI) issued by CMHC.
• Confirm that quarterly aggregation of mortgages from origination partners meets the specifications of the applicable Master Trust and Servicing Agreement (MTSA) most specifically satisfying CMHCs AffordabilityLinked Pools (ALP) requirements
• Assess compliance with underwriting policies regulatory requirements and required guidelines.
• Identify and document any deficiencies or discrepancies within loan files

Risk Identification & Mitigation:

• Identify and assess potential credit risks associated with inadequate underwriting practices.
• Escalate identified issues to appropriate parties.
• Contribute to the development and implementation of mitigation strategies to address identified risks

Quality Control:

• Assess mortgages on a recurring basis against individual and aggregate specifications in the Banks RMUP (i.e. min. and max. individual loan sizes provincial concentration limits etc.
• Monitor and analyze quality control data to identify trends and areas for improvement.
• Prepare reports summarizing quality control findings and identifying areas of concern.

Training & Support:

• Assist in the development and maintenance of internal QA manuals and procedures.

Qualifications & Experience:

Degrees Diplomas & Certifications:

• Bachelors degree in Finance Real Estate Business or a related field.
• Certifications in mortgage lending or risk management

Years and Range of Experience Required to Perform the Job:

• 10 years of experience in mortgage lending with a focus on multiunit residential lending.
• Experience with automated quality control systems.
• In depth knowledge of CMHC MLI program for multiunit underwriting is required
• Strong understanding of credit underwriting principles loan documentation requirements and regulatory compliance.
• Excellent analytical and problemsolving skills with strong attention to detail.
• Strong written and verbal communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Experience with loan origination systems (LOS) a plus.
• Familiarity with how the CMHC securitization programs work (NHA MBS and Canada Mortgage Bond) is an asset.

While we thank everyone for their interest in Haventree Bank please note that only candidates selected for an interview will be contacted. Haventree Bank is committed to providing accommodation when needed. If you require an accommodation we will work with you to meet your needs.

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