Senior Reverse Mortgage Specialist
Senior Reverse Mortgage Specialist
Posted on :
11-04-2025
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 Senior Reverse Mortgage Specialist is responsible for assessing new mortgage applications issuing mortgage commitments and collecting required documentation for taking transactions to the funding stage in a timely and prudent manner within established guidelines. This must be done as efficiently as possible while exercising sound lending judgment and without compromising service and profitability.
The Core Responsibilities!
- Daily incumbents must promptly review received applications verify the supporting documentation to ensure accuracy and legitimacy approve decline or refer the applications for approval.
- The incumbents are also responsible to ensure that approved deals close as scheduled and efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines.
- The incumbent will follow up with brokers daily on issued mortgage commitments to ensure that funding volumes are maximized.
- The incumbent will review documentation for accuracy and legitimacy placing a strong emphasis on antimoney laundering (AML) and antiterrorist financing (ATF) requirements including but not limited to income and down payment verification.
- The incumbent is responsible for the management of their deal flow to meet prescribed deadlines and SLAs. The incumbent will make diligent use of reports to track and manage the flow of all deals funding for their pipeline.
- Assess an applicants fit with EQBs Reverse Mortgage criteria specifically credit worthiness and legal ability to assume a mortgage. Perform activities like title searches property maintenance affordability calculators review property appraisal and borrower documentation to meet internal policy and procedure regulatory and filespecific requirements.
- Work closely with Management from SFR Credit SFR Residential Operations and SFR Sales to evolve the EQB Reverse Mortgage product. Also the incumbent will need to be comfortable working with a wide range of internal stakeholders to help them understand how EQBs Reverse Mortgage product differs from peers.
Lets Talk About You!
- Postsecondary education in business or finance.
- Minimum of 4 years mortgage experience with preference given to reverse mortgage exposure.
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner.
- Reverse mortgage lending or single family residential mortgage lending experience is an asset/plus!
- Excellent time management analytical and problemsolving skills.
- Excellent attention to detail along with established and meticulous organizational skills.
- Sound knowledge of AML & ATF practices and fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation is required.
- Indept knowledge of mortgage funding QA and underwriting guidelines is an asset.
- Experience in underwriting mortgages for properties located in different provinces is an asset.
- Proficient in MS Office (MS Word and Excel).
- Demonstrated ability to thrive in a constantly changing environment and to perform well in a high volume high intensity environment.
- Ability to develop and maintain positive working relationships with brokers.
- Commitment to developing him/herself and to keeping abreast of industry changes and trends.
- Demonstrated ability to coach and mentor more junior employees and capability of performing reviews of peer files.
- Critical thinking for unique transactions requiring outsideofthebox thinking.
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
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:
Senior IC
Employment Type
Full-Time
Key Skills
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