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Mortgage Documentation Analyst

3 months ago


Richmond Hill, Ontario, Canada Canadian Western Bank Full time

About Us
At Canadian Western Bank, we are dedicated to creating value for our stakeholders: our employees, clients, and investors. Our core principles include:

  1. Prioritizing relationships and placing people at the forefront
  2. Embracing innovative ideas and approaches
  3. Valuing the processes as much as the outcomes

Position Overview
Optimum Mortgage, the residential lending arm of Canadian Western Bank, is experiencing rapid growth. We are seeking a motivated individual who possesses confidence, attention to detail, and the ability to work independently.

As a Mortgage Documentation Review Specialist, you will excel in evaluating pre-funding conditions and documentation in a digital environment, ensuring compliance with policies, regulations, and audit standards. Your focus on detail and customer service will enhance opportunities generated by brokers.

Key Responsibilities

  • Assessing documentation for files, including income verification, down payment sources, title searches, credit reports, purchase agreements, and company and condominium documentation.
  • Ensuring fraud detection and conducting thorough inspections and audits.
  • Reviewing and approving solicitor conditions.
  • Adhering to banking protocols, procedures, regulatory standards, and anti-money laundering (AML) requirements.
  • Managing a busy workload in a fast-paced environment, completing an average of nine updates daily.
  • Advancing the application pipeline through consistent follow-ups on all approved files, analyzing scheduled funding reports weekly.
  • Maintaining prompt communication with a 24-hour response time.
  • Identifying efficiencies and challenging existing processes by proposing alternative documentation solutions in collaboration with clients and referral sources.
  • Assisting underwriters and business development managers in finalizing transactions.

Qualifications

Essential Knowledge

  • Business administration diploma or equivalent professional experience.
  • At least three years of experience in mortgage documentation review, with knowledge of Alt-A lending practices considered an asset.

Personal Attributes

  • Understanding of mortgage lending guidelines, compliance, regulatory standards, and AML protocols related to fraud detection.
  • Experience in reviewing conditions for mortgage files, including income, down payment, title searches, credit reports, purchase documents, and company and condominium documentation.
  • Familiarity with mortgage documentation for conventional, high-ratio, and HELOC residential mortgages.
  • Strong analytical abilities and meticulous attention to detail.
  • Excellent interpersonal and organizational skills, with the capacity to prioritize tasks in a high-pressure, team-oriented environment.
  • Effective communication skills, both written and verbal.

Why Choose Us?
Your success is our priority, supported by our award-winning culture and benefits.

Recognized by Great Place to Work in 2024 as one of Canada's top 50 Best Workplaces and a member of Waterstone Human Capital's Most Admired Corporate Cultures Hall of Fame.

Wellness and Benefits
We offer a comprehensive benefits package that includes:

  • Flexible hybrid work arrangements
  • Generous company-funded health coverage
  • Health care spending accounts
  • A flexible wellness program
  • Ample time-off options for rest and recovery

Career Development
We are committed to your professional growth, providing:

  • Coaching services across the organization
  • Mentorship opportunities
  • Support for education and training programs

Inclusion and Diversity
We are an equitable employer dedicated to fostering a safe and inclusive environment where diverse talents thrive. We encourage you to bring your authentic self to work, as dignity, respect, and equality are fundamental values.