Mortgage Funder, Third Party Residential Underwriting

2 weeks ago


Old Toronto, Canada Phillips Pet Food & Supplies Full time
Mortgage Funder, Third Party Residential Underwriting - TDMS

Monday, October 28, 2024

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at accessibility@firstnational.ca should you need an accommodation at any point in the recruitment process.

We are hiring a Mortgage Funder, Third Party Residential Underwriting - TDMS

Reporting To: Manager, Third Party Residential Underwriting

Full-Time/Part-Time: Full-time

Posting Date: October 28, 2024

Closing Date: November 11, 2024

Hours of Work: 8:30 a.m. – 5:00 p.m.

Office Location: Downtown Toronto

Great location Steps away from the main public transit station.

What we offer: Highly competitive compensation package which includes base salary, bonus, benefits, and career advancement opportunities *Eligibility for benefits is dependent on the terms of employment.

The Opportunity

The Residential Mortgage Funder is responsible for instructing, advancing, and closing mortgage files.

How you will contribute:

  • Check with law society for entitlement of solicitor.
  • Check information to ensure accuracy, i.e., correct lender, CMHC/GE approval.
  • Contact solicitor to confirm that he/she is acting on mortgagor’s behalf.
  • Prepare and send applicable instructional package to solicitor along with relevant documents.
  • Follow up with solicitor to obtain advance request.
  • Organize mortgage files in correct order.
  • Check the request for funds from the solicitor.
  • Send the mortgage advance sheet to the accounting department.
  • Send the solicitor a list of outstanding conditions, mortgage commitment and mortgage advance breakdown.
  • Contact solicitor when funds are ready.
  • Follow up with solicitor prior to closing.
  • Contact solicitor to advise that funds can be released.
  • Ensure that all conditions have been met, all documentation has been received and that file is complete on the day of closing.
  • Close files in the system and send to accounting department.
  • Review solicitor mortgage documentation to ensure it corresponds to the terms of the commitment and is in compliance with established regulatory and company guidelines and policies.
  • Escalate any documentation issues to the Mortgage Underwriter and/or Manager for review.
  • Coordinate with mortgage accounting for the release of mortgage funds on a timely basis.
  • Respond to all inquiries within the established turnaround times.
  • Adhere to policies/procedures to ensure AML requirements are met.

The experience you need:

  • Completed post-secondary education or equivalent work experience required.
  • Previous experience within Financial Services sector preferred.
  • Previous experience within Mortgage industry an asset.
  • Working knowledge of PC software in a Windows environment required.
  • Ability to maintain positive relationships.
  • Strong communication skills—both written and verbal.
  • Ability to deal with conflict.
  • Organizational and time management skills.
  • Positive team player.
  • Fully competent in working with basic PC software and working knowledge of the suite of Microsoft office products.
  • Ability to manage pressure in an environment of high volume processing with tight turnaround times.

In accordance with the Financial Services Regulatory Authority (FSRA), if a successful candidate is not already licensed, upon starting with First National, they will be registered for the applicable educational courses and upon successful completion of the exam, First National will register them with FSRA to complete the licensing process.

Working Environment and Physical Demands Analysis:

  • Periods of high volume with tight timelines.
  • Long periods of stationary position/sitting.
  • Prolonged periods of repetitive movement (i.e., using a keyboard and mouse).
  • Long periods of time in viewing a computer screen.
  • Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Competitive Compensation

Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)

Hybrid working environment

Extensive training programs to set our employees up for success

Modern office environment conducive to collaboration

Supportive teamwork culture

Opportunities to give back to the communities and work through events focused on a variety of charities

Ongoing social events throughout the year

The team you’ll join:

Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.

First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.

We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.

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