Mortgage Funder

3 weeks ago


Toronto, Canada First National Financial Full time

We are hiring a Funder, Third Party Residential Underwriting
**The Role**: The Residential Mortgage Funder is responsible for instructing, advancing and closing mortgage files. The Third-Party Residential Underwriting Division, as a Division of First National Financial provides underwriting expertise and services on behalf of other financial institutions to the Canadian Mortgage Broker channel.

**Reporting To**: Manager, Third Party Residential Underwriting
**Full-Time/Part
- Time**: Full-time
**Posting Date**: February 29, 2024
**Closing Date**: March 14, 2024
**Hours of Work**: 8:30 a.m. - 5:00 p.m.
**Grade**: 6.7
**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
- 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 file 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 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 policy/procedures to ensure AML and Quality Assurance requirements are met

**The Requirements Needed**:

- Strong communication skills, verbal and written
- Proven organizational skills and demonstrated ability to prioritize and multi-task
- Demonstrated ability to work under pressure and maintain a calm focus during hectic periods
- Post-secondary education and/or equivalent work experience preferred
- Competency in MS Office; capacity to learn new technologies/systems
- Completion of Mortgage Agent Course and/or Financial Services Regulatory Authority (FSRA)License an asset

**The team you will join**:
Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.

At First National, it’s in our Nature is our rallying cry. It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community. Our nature defines who we are and guides every decision we make.
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.

FNLOON


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