Bilingual Residential Mortgage Funder
Share
Job Location:
Monthly Salary:
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
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 780000 customers 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$138 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 Funder is responsible for reviewing legal documents and taking loans through to funding. This includes following up for outstanding documents advising the Closing Service Provider of any amendments or changes required to complete the file and preparing mortgage advance cheques.
The Core Responsibilities!
- On a daily basis the incumbent will review legal documents in a timely and accurate manner. The incumbent must ensure that documents coincide with the underwriting documentation and the deals fund as per the addition the incumbent will conduct a light audit of each deal to ensure policy and guidelines are met. If a gap or inaccuracy (i.e. ratios out of line) is identified the incumbent will be required to work with the Single Family Residential Credit department to seek clarification and request additional information/documentation as required.
- On a daily basis the incumbent will complete all Funding activates (i.e. cut cheques) and all supporting steps (i.e. set up property tax accounts) including tasks unique to different deal types (i.e. Conventional and Collateral mortgages) in a timely manner (35%).
- On a daily basis the incumbent will work directly with EQBs Closing Servicer Provider. Through efficiency the incumbent will be responsible for time management of their individual as well as overall team deal flow on order to meet prescribed deadlines all while maintaining positive attitude and strong working relationships. As part of the funding lifecycle the incumbent will communicate changes status updates and unique details to the Closing Servicer provider using their portal (35%).
- AML Compliance and KYC are important in every financial organization. Therefore the incumbent daily will ensure every deal as well as their actions adhere to all applicable addition the incumbent is required to meet a 100% Quality Assurance and Compliance metrics each month (20%).
- On a daily basis the incumbent will liaise with a variety of internal departments (i.e. Compliance Mortgage Servicing) to address any unique ad-hoc issues that may addition when required the incumbent will complete memos with supporting details for other departments (i.e. Accounting) to leverage for their addition frequent communication with the Single Family Residential - Credit department will be required to address credit related issues in a timely manner. Providing status updates (i.e. closing date changes) are also a key communication item in which the incumbent will be responsible for to ensure all parties with a vested interest in the deal are aware of where deals stand (10%).
Lets Talk About You!
- Minimum of 1- 2 years mortgage experience exposure to Prime and Alternative a benefit.
- Bilingual.
- Excellent attention to detail.
- Ability to thrive under pressure.
- Excellent time management skills.
- Familiarity with AML and Compliance practice.
- Strong written and communication skills.
- Demonstrated ability to use Microsoft Office (Word).
- 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 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!
Key Skills
- Administrative Skills
- Time Management
- Diplomatic Skills
- Listening Skill
- Languages Fluency
- Organizational Skill
- Pressure Management
- Discipline Skills
- Communication
- Relationship Management
- Client Services
- Flexibility
- IT Skill
- Orderly Condition
- Secretarial Skill
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
