Default Specialist

50%Arrears/ Legal Action Process:

• Proactively managing portfolio of residential andcommercialdelinquentloansindefaultfor breach of mortgage or loan conditions which may include non-payment tax arrears past matured loans property standards insurance cancellations and any other breach of mortgage that may be identified.; Send appropriate notification regarding returned payments and/or arrears to borrowers; Closely monitor entire portfolio obtain information as required from third parties to determine appropriate arrangements( Corps Insurance adjustersetc.) while ensuring Equitable 1stPriority is maintained and loans requiring further financial assistance.

• Obtain and conduct full review of financial documentsandmake recommendationsfor workout while ensuring Bank interest and priority is secured; Closelymonitor accounts with active workouts to mitigate losses withinguidelines and seek approval from management and/or the insurer where necessary.

• Conduct reviewsofportfolios including analysis of valuation of the property review site inspection report borrower creditworthiness lease review building condition environmental assessment;instruct property managers to conduct occupancy check on properties as deemed necessary;where best efforts are unsuccessful take appropriate legal action in timely manner to enforce on the mortgage contract and mitigate losses

• Analyze and report regularly on defaulted loans along with recommended solutions to management.

• Liaise with mortgagors guarantors and subsequent encumbrances trustees in bankruptcy brokers lawyers and real estateagents;make best efforts to cure defaulted loans;Collaborate with attorneys receivers and internal management to recommend repayment terms.

30%Reporting andTime Management:

• Manage portfolio assignments in a timely manneras per the deadlinesprovidedby management andimposed byprovisionallegislation.

• Ensureallcorrespondence isresponded to and documented within the established timelines.

• Perform other duties as assigned.

• Prepare critical reports as required.

20% Administration:

• Managecollection activity on all accounts upon commencement of legal action until the mortgage is either up to dateorpaidout.

• Ensureall files are kept current and active with respect to property insurance condo feesutilities propertytaxes and any other property management fees.

• Ensurepaymentsand payouts are processed ina timelymanner.

• Ensure allstatementsare accuratelycompletedup to datepayout notice of saleanddemand.

• Diplomarequiredin a related discipline.

• 3-5years experience in mortgage default(not including entry level)(Experience in workouts considered an asset).

• Comprehensive knowledge of mortgage enforcement and foreclosureremedies.

• Strong analyticalproblemsolving and negotiationskills.

• High degree of accuracy andstrongattention to detail.

• Ability tohandletightdeadlines.

• Strong organizationalskillsandthe abilityto prioritize tasks.

• Effectivecommunication skills.

• Have intermediate to advanced skillsusing Microsoft applications including OfficeExceland SharePoint.

• Working knowledgeis required.

• Bilingual in English and French is preferred