Commercial Mortgage Funder

2 weeks ago

Toronto, Canada Home Trust Company Full time

Company Profile

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.

The Operations Team manages the administration of business practices to create the highest level of efficiency possible within the organization. The group is concerned with delivering the products and services as efficiently as possible to maximize profit. The Operations team oversees people, equipment, technology, information and all other required resources in the delivery products and services. It is also responsible for driving operational excellence and supporting key business objectives while fostering a culture of respect, trust and integrity.

Position Overview

The Commercial Mortgage Funder will effectively and efficiently review commercial legal documentation and fund mortgage deals, providing a high level of customer service to HTC customers and their solicitors in accordance with company policies and procedures.

Position Responsibilities

File Management (70%)

Ensure service standards are attained for processing all mortgage advances in accordance with company policies and procedures
Ensure all funded deals are accurate and complete
Prepare mortgage advances
Process assignments, assumption and progress draws in relation to commercial guidelines
Review corporate documentation of relevant entities, legal documentation to the transaction and client identification and ID Forms in order to ensure that all funding and AML criteria have been satisfied and outstanding conditions are met by prescribed deadlines;
A good understanding of the structure and requirements associated with Publicly Traded Companies, Family Trusts, Partnerships, Third Party Determination and Politically Exposed Persons;
Ensure that all proper documentation has been obtained in order to determine Beneficial Ownership;
Identify and recommend methods to improve operating efficiencies within the team
Collaborate with Originations Team and Fulfillment Officers to ensure service levels are maintained and targets are met
Provide daily updates
Daily postings for Finders fees
Ability to maintain a 95% accuracy rate on a monthly basis
Be cross trained to be able to cover the role of a Fulfilment Officer on an as needed basis
Provide mentorship and training to new Funder Specialists as required
Provide coverage on an absent Funding Specialist’s desk, when asked

Risk Management and Compliance (20%)

Ensure Anti-Money Laundering and Know Your Client legislation is adhered to on all files
Accountable for all mortgage transactions as assigned
Maintain comprehensive knowledge of the company’s funding procedures, legal guidelines and resources

Communication (10%)

Display a commitment to the highest customer service ranking in the industry
Communicate with solicitors’ offices in a professional manner
Follow up with solicitors to confirm closing and obtain registered Charge/Mortgage
Formal Education
Bachelor's degree required in Finance, Business or equivalent
Certification(s)/Designation(s) preferred
Related Experience
2 years of experience with commercial funding
Strong understanding mortgages

Skills & Knowledge

Strong understanding of commercial mortgages
Excellent written and verbal communication
Solution-focused, takes initiative to work effectively within established guidelines
Strong organizational and time-management skills, detail orientation
Able to source and interpret complex data and drive fact-based analysis
Strong interpersonal, relationship-building and listening skills
Proven ability to work both independently and collaboratively within a team environment
Able to multi-task and flourish in a fast-paced, deadline-driven work environment
Strong MS Office skills and an aptitude for learning new systems and processes
Flexibility to work some extra hours at peak volume times, as needed

**Skills**:Position Complexities
Bilingualism an asset
Some work beyond standard hours
Acknowledgement

All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Customer Complaints Appeals Office (CCAO), Compliance Hotli

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