Residential Mortgage Officer
Residential Mortgage Officer
Posted on :
26-07-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today 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 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 Work
The Residential Mortgage Officer is responsible for maintaining and updating mortgage files from the commitment approval stage to the time the loan is funded. This mainly includes the reviewing of files correspondence with mortgage brokers to request outstanding documents and the adjudication of documents as per FINTRAC internal AML/ATF guidelines and EQB policies and procedures. The Residential Mortgage Officer also plays an integral role in the mitigation of fraud within the Single-Family Residential Department.
The Core Responsibilities!
- On a daily basis the incumbent will obtain and review required documentation with a strong emphasis on anti-money laundering (AML) and anti-terrorist financing (ATF) requirements including but not limited to income down payment verification and client interviews. The incumbent will ensure that documentation adheres to corporate guidelines and will mitigate any concerns surrounding suspected misrepresentation when required. (35%)
- On a daily basis the incumbent will strive to ensure that mortgage files are in compliance with the Companys established lending policies and procedures as well as ensuring that legal AML and ATF requirements have been satisfied.(35%)
- On a daily basis the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines. Day-to-day the incumbent will make diligent use of reports to track and manage the flow of all deals funding for their team. (15%)
- Daily the incumbent will communicate with internal contacts (underwriters managers administrators and mortgage sales staff) and external contacts (mortgage brokers and clients) to ensure transactions are processed in a timely and efficient manner to meet tight deadlines. The incumbent will provide the highest level of internal and external customer service while fielding mortgage brokers and client inquiries. (10%)
- On a daily basis the incumbent will monitor changes to deals and update files as required. The incumbent must send correspondence to the appropriate parties apprising them of changes. The incumbent must also ensure that Quality Assurance requirements and Compliance review queries are dealt with in a timely and accurate manner.(5%)
Lets Talk About You!
- Completion of a post-secondary degree preferably in the financial field.
- 1-2 years mortgage experience in the alternative mortgage market.
- Sound thinker with the ability to multi-task; ability to handle multiple competing priorities.
- Ability to grasp AML & ATF practices.
- Established and meticulous organizational skills.
- Excellent time management analytical and problem-solving skills.
- Ability to make complex decisions under pressure.
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner.
- Detailed knowledge of mortgage funding and quality assurance processes.
- Ability to comprehend and assess documentation relating to mortgage down payment and borrower income confirmation.
- Mindful awareness of fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation when required.
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
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and 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!
Required Experience:
Unclear Seniority
Employment Type
Full-Time
Key Skills
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