Commercial Mortgage Administrator

1 day ago


Toronto, Ontario, Canada MCAP Full time
Job Title: Commercial Mortgage Administrator

MCAP Financial Corporation is seeking a highly skilled Commercial Mortgage Administrator to join our team. As a key member of our Commercial Servicing unit, you will be responsible for post-funding activities on commercial CMHC-Insured and Conventional Mortgages.

Key Responsibilities:
  • Manage tax escrow accounts, including collecting tax bills, preparing backups, and processing tax disbursements.
  • Follow up on solicitor final reports to ensure timely receipt of final, signed mortgage documents.
  • Administer PPSA renewals and amendments, liaising with borrowers and third-party vendors as needed.
  • Process payments and reconcile daily deposits, ensuring accuracy and efficiency.
  • Handle mortgage discharge legal documentation and liaise with solicitors as required.
Requirements:
  • 2+ years of experience in commercial mortgage administration, with a focus on tax escrow administration and knowledge of commercial mortgage legal documentation.
  • Experience working in a loan servicing system.
  • Proven track record of being a self-starter and taking initiative.
  • Excellent time management skills and ability to handle multiple tasks.
  • Excellent customer service skills and verbal and written communication.
  • Proficient in Microsoft Office and analytical skills.
  • Bilingual (French and English) and post-secondary diploma or degree.
What We Offer:

MCAP offers a dynamic and supportive work environment, with opportunities for professional growth and development. If you are a motivated and detail-oriented individual with a passion for commercial mortgage administration, we encourage you to apply.



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