Mortgage Documentation Analyst

4 weeks ago


Richmond Hill, Ontario, Canada Canadian Western Bank Full time

About Us
At Canadian Western Bank, we prioritize creating value for our stakeholders: our employees, clients, and investors. Our core values include:

  1. Fostering meaningful relationships
  2. Embracing innovative ideas
  3. Valuing our methods as much as our outcomes

Position Overview
Optimum Mortgage, the residential lending sector of Canadian Western Bank, is experiencing rapid growth. We seek a detail-oriented and self-motivated individual to enhance our dynamic team.

Key Responsibilities

  • Conduct thorough reviews of pre-funding conditions and documentation in a digital environment to ensure compliance with policies, regulations, and audit standards.
  • Maintain a strong focus on detail and customer service to optimize broker-originated opportunities.
  • Assess files for various conditions including income verification, down payment validation, title searches, credit reports, and relevant documentation.
  • Ensure effective fraud detection and satisfactory audits.
  • Review and approve solicitor conditions as necessary.
  • Adhere to bank protocols, procedures, and regulatory requirements, including Anti-Money Laundering (AML) standards.
  • Manage a fast-paced workload, averaging nine updates daily.
  • Facilitate the application process by following up on approved files and analyzing weekly funding reports.
  • Maintain timely communication with stakeholders, ensuring a 24-hour response time.
  • Propose efficient solutions and alternative documentation options in collaboration with clients and referral sources.
  • Support underwriters and business development managers in finalizing transactions.

Qualifications

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

Essential Skills

  • Understanding of mortgage lending guidelines, compliance, and regulatory requirements, particularly regarding fraud detection.
  • Experience in reviewing mortgage file conditions, including income, down payment, title searches, and other relevant documentation.
  • Knowledge of documentation for conventional, high-ratio, and Home Equity Line of Credit (HELOC) residential mortgages.
  • Strong analytical abilities and meticulous attention to detail.
  • Excellent interpersonal and organizational skills, with the capacity to prioritize in a high-pressure, team-oriented environment.
  • Effective written and verbal communication skills.

Why Choose Us?
We are dedicated to your success, supported by our award-winning culture and benefits.

Recognized as one of Canada's top 50 Best Workplaces and a member of the Most Admired Corporate Cultures Hall of Fame, we value wellness and offer:

  • Flexible hybrid work arrangements
  • Comprehensive health coverage funded by the company
  • Health care spending accounts
  • A robust wellness program
  • Generous time-off policies

Career Growth
We are committed to your professional development through:

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

Inclusion and Diversity
We are an equitable employer, dedicated to creating a safe and inclusive workplace where diversity thrives. We encourage you to bring your authentic self to work, as your perspective is valued.



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