Residential Funding Support
Residential Funding Support
Posted on :
25-05-2025
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 wholly-owned 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 () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Residential Funding Support is responsible for providing all pertinent data/documents required by the closing service provider to instruct the solicitor/agent to begin the closing process for the purchase of property or refinance of mortgage. Subsequent to advance of funds the incumbent will perform various administrative functions and complete set up of the loan on the mortgage system.
The Work !
- Instruction: On a daily basis the incumbent will work closely with Equitable Banks closing service provider by providing all pertinent data/documents required to instruct the solicitor/agent to begin the closing process for the purchase of property or refinance of mortgage. The incumbent will liaise with Residential Credit Team if there is insufficient/ incorrect information to complete the instruction process.
- Post Funding: By accessing EQBs closing service providers portal daily the incumbent will ensure and/or contact our closing service provider to confirm lawyers have released the funds to the applicable parties. Once confirmation is received the incumbent is required to complete post-funding tasks including: updating pre-authorized payment set up production of welcome letter risk rating Line of Credit set up on servicers portal payment to business partner/broker and other various administrative to complete the mortgage loan set up. The Incumbent will follow a Post Funding Checklist as a guide to ensure all pertinent updates are completed. The incumbent will work with solicitor closing service provider to close any deficiencies.
- Final Reports: The incumbent will review final reports from solicitor and ensure Equitable Bank is registered as per commitment requirements and change status of loan to reflect final report as received. The incumbent will also follow up on outstanding final report directly with solicitor and alert management on mortgage loans where no final report is received.
Lets Talk About You !
- 1-2 years experience in Financial Services
- Excellent attention to detail
- Established and meticulous time management and organizational skills
- Knowledge of mortgages
- Proven ability to thrive under pressure and perform well in a high volume high intensity environment
- Strong written and verbal communication skills with the ability to respond in a clear and professional manner
- Demonstrated ability to use Microsoft Office
- Logical thinker with ability to multi-task
- Post-secondary education (diploma)
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up 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 2200-25 Ontario Street 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 barrier-free 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 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!
Employment Type
Full-Time
Key Skills
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