Bilingual Residential Mortgage Funder in Toronto

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The Bilingual 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.

Main activities:

• Review legal documents in a timely and accurate manner, ensuring they coincide with underwriting documentation and that deals fund as per approval.
• Conduct a light audit of each deal to ensure policy and guidelines are met.
• Complete all Funding activities (i.e. cut cheques) and all supporting steps (i.e. set up property tax accounts) in a timely manner.
• Work directly with EQB’s Closing Servicer Provider, managing individual and overall team deal flow to meet prescribed deadlines.
• Communicate changes, status updates, and unique details to the Closing Servicer provider using their portal.
• Ensure every deal adheres to AML, Compliance, and KYC guidelines, meeting a 100% Quality Assurance and Compliance metrics each month.
• Liaise with various internal departments to address unique ad-hoc issues and complete memos with supporting details for other departments.
• Provide status updates to ensure all parties with a vested interest in the deal are aware of its status.

Knowledge/Skill Requirements:

• Minimum of 1-2 years’ mortgage experience; exposure to Prime and Alternative is a benefit.
• Bilingual.
• Excellent attention to detail.
• Ability to thrive under pressure.
• Excellent time management skills.
• Familiarity with AML and Compliance practices.
• Strong written and communication skills.
• Demonstrated ability to use Microsoft Office (Word).
• Logical thinker with the ability to multi-task.
• Post-secondary education (diploma).

Job Complexities/Thinking Challenges:

The incumbent is responsible for ensuring loans are carried successfully through to funding. Files at this level are usually of moderate complexity but can become complex at times and require careful attention to detail. The incumbent must follow EQB guidelines to work through files efficiently and accurately.

Accountability:

The incumbent operates under direct management, with regular decision-making pertaining to file management and maintenance. They are responsible for approving the release of mortgage funds and must be capable of checking files accurately and efficiently.

Key Internal and External Contacts:

The incumbent communicates daily with the Manager of Residential Funding, the Underwriting Team, members of the Quality Assurance Team, the Compliance Team, and other departmental staff. Daily communication with the Closing Service Provider is also required.

Physical Demands/Working Conditions:

Normal office environment with moderate job-related pressure related to fixed closing dates, uncooperative solicitors, absence of required documentation, and obtaining signed cheques in time to meet funding deadlines. Individuals in this role must be available to work at month-end due to very busy closing dates. Vacations during this time period will not be accepted.

Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates. Accommodations are available on request for candidates taking part in all aspects of the selection process. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.