Commercial Mortgage Recovery Specialist

3 days ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
Company Overview

Equitable Bank, Canada's Challenger Bank, is a leader in innovating the banking experience. We serve more than 670,000 people across Canada through EQ Bank and Concentra Bank, with over $125 billion in combined assets under management and administration.

We are a big (and growing) family that values collaboration, creativity, and continuous learning. Our team is made up of agile minds that find smarter ways of doing things.

The Role

The Special Loans and Restructuring Manager will be responsible for managing commercial default files, certain commercial loans designated as 'problem accounts', while adhering to underwriting standards and company policies and procedures.

  • Enforce conditions of mortgage contracts on facilities in default as directed by Management.
  • Provide proactive and efficient resolutions/work out strategies to avoid legal action when feasible while minimizing losses to the Bank.

The incumbent will act as the key primary contact for communicating and cooperating with internal and external stakeholders and representing the Bank in the professional community.

This role supports the Director, Special Loans and Restructuring by performing various functions associated with default management, including underwriting/credit analysis, portfolio management/monitoring, reporting, projects, and initiatives.

Key Responsibilities
  1. Manage and/or administer complex delinquent and problem commercial mortgages while minimizing losses to the Bank.
  2. Process loans for legal action for non-payment and conduct full financial review prior to recommending appropriate legal remedies to Senior Management.
  3. Liaise with key stakeholders, both internal and external, to determine and negotiate successful workout strategies.
Requirements

To be successful in this role, you will need:

  • A minimum of 5-7 years of commercial mortgage experience or related field.
  • Minimum 2 years' defaults experience.
  • Business degree or a related discipline, and/or a CPA or similar professional designation or equivalent work experience.
What We Offer

As a valued member of our team, you can expect:

  • Competitive discretionary bonus.
  • Market leading RRSP match program.


  • Toronto, Ontario, Canada Tangerine Bank Full time

    Mortgage Recovery Specialist - Bilingual (French/English)As Canada's leading digital bank, Tangerine technology is at the heart of everything we do. We have redefined what digital banking is, and we continue to evolve to tackle any opportunity and face every challenge through progressive technology and the power of collaboration.Key Responsibilities:Maintain...


  • Toronto, Ontario, Canada Harbour Mortgage Full time

    Responsibilities:Responsible for underwriting commercial real estate mortgages across all asset classes (multi-residential, retail, industrial, office, land, etc.).Work with origination team to pre-screen and qualify new loan opportunities in an efficient manner.Prepare detailed analysis, term sheets, commitment letters and credit submissions for bridge,...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    At EQ Bank | Equitable Bank, we're not just a bank – we're innovators in the banking experience. We believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking.About the RoleWe're seeking a skilled Commercial Mortgage Specialist to join our dynamic & solution-focused commercial team....


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    At EQ Bank | Equitable Bank, we're looking for a skilled Commercial Mortgage Underwriting Specialist to join our Business Enterprise Solutions team. As a key member of this dynamic group, you'll be responsible for underwriting conventional commercial mortgages, ensuring compliance with established lending guidelines and procedures.The ideal candidate will...


  • Toronto, Ontario, Canada Equitable Bank Full time

    At Equitable Bank, we're revolutionizing the banking experience. Our innovative approach challenges traditional methods, providing Canadians with better options. We serve over 670,000 people across Canada through our wholly-owned subsidiary, Concentra Bank, which supports credit unions serving more than six million members.The Senior Analyst, Commercial...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    **Our Vision**We aim to drive change in Canadian banking to enrich people's lives. Our customers trust us to deliver superior customer service and funding deadlines.We are a growing and dynamic commercial team, seeking an experienced professional to join us as a Senior Commercial Mortgage Underwriter.This role offers a unique opportunity to work in a hybrid...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time $5

    Company OverviewAt EQ Bank | Equitable Bank, we're revolutionizing the banking experience. As a leader in Canada's Challenger Bank sector, we've served over 670,000 Canadians for more than 50 years through our wholly-owned subsidiary, Concentra Bank, which supports credit unions serving six million members.Job DescriptionThe Special Loans and Restructuring...


  • Toronto, Ontario, Canada True North Mortgage Inc. Full time

    About UsWe are Canada's most innovative company in the mortgage industry, committed to putting the customer experience first. Our approach is centered around offering the best rates on full-featured mortgage products, exclusive to True North Mortgage, and providing our agents with the tools and support needed to deliver superior advice and service.Your...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    About the RoleAs a Commercial Mortgage Underwriter at EQ Bank | Equitable Bank, you will be responsible for underwriting, renewals, assumptions, and ad-hoc requests related to CMHC-insured commercial mortgages. Your primary goal will be to provide superior customer service while ensuring timely and accurate completion of tasks.Main ResponsibilitiesEnsure...


  • Toronto, Ontario, Canada Equitable Group Full time

    Job SummaryWe're seeking an Associate Portfolio Manager to join our Commercial Finance Group. As part of our dynamic team, you'll assist in the management and oversight of our commercial mortgage portfolios.You'll work closely with Senior Account Managers to ensure the day-to-day management of commercial mortgage portfolios meets compliance and control...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time $5

    Company OverviewEQ Bank | Equitable Bank is a dynamic and innovative financial institution that challenges traditional banking norms. With over 50 years of experience, we have grown to serve more than 670,000 Canadians through our digital platform, EQ Bank, which has been recognized as one of the top banks in Canada since 2021.The WorkThe Special Loans and...


  • Toronto, Ontario, Canada BeachHead Inc. Full time

    Responsibilities:Data Administration: Administer the sales compensation database to ensure data accuracy.Mortgage Deal Review: Review mortgage deals daily to ensure proper classification for compensation, including identifying new clients.Dispute Resolution: Investigate commission discrepancies and address general compensation inquiries from...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    Job OverviewThe Commercial Mortgage Analyst plays a critical role in the underwriting of annual reviews for CMHC-insured commercial mortgages. As part of our dynamic commercial team, this position is responsible for analyzing and underwriting mortgage loans within the CMHC-insured portfolio.Key Responsibilities:Conduct thorough analysis and underwriting of...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    The Equitable Bank team is seeking a highly skilled Commercial Mortgage Underwriter to join our growing and dynamic commercial department.About the RoleThis key position is responsible for underwriting CMHC-insured and conventional commercial mortgages, adhering to established policies and underwriting standards while finding creative solutions in a timely...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    About EQ Bank | Equitable BankWe are a forward-thinking financial institution that challenges traditional banking practices. Our team of inquisitive minds is dedicated to transforming the banking experience for Canadians, providing innovative solutions and exceptional customer service.Job DescriptionThe Senior Analyst, Commercial Finance Group will support...


  • Toronto, Ontario, Canada Equitable Group Full time

    About Equitable GroupWe're committed to innovation and excellence in banking, driven by a passion for making a positive impact on our customers' lives. As a Commercial Finance Specialist, you'll join our talented team to analyze commercial mortgage loan requests, provide underwriting analysis, and collaborate with our Origination team to deliver exceptional...


  • Toronto, Ontario, Canada KingSett Capital Inc. Full time

    Job DescriptionAs a Commercial Mortgage Analyst, you will play a critical role in supporting the growth and success of KingSett Capital Inc.'s Mortgage and Underwriting team. You will have the opportunity to work on a wide range of commercial mortgage investments, from initial underwriting and funding through to maturity. Your expertise and knowledge...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    Job DescriptionThe Commercial Mortgage Underwriting Associate, CMHC is a critical member of our growing commercial team. This role is responsible for supporting the underwriting process from deal receipt to funding stages. The incumbent will ensure compliance with established lending and AML guidelines to achieve service goals and department-level...


  • Toronto, Ontario, Canada Marathon Mortgage Corp. Full time

    Job Overview:Marathon Mortgage Corp. is a rapidly growing Canadian mortgage finance company seeking an experienced Business Relationship Manager to drive growth through meaningful relationship creation while ensuring underwriting integrity. This role is largely sales-oriented, with a strong focus on delivering exceptional service experiences for brokers,...


  • Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    Company OverviewAt EQ Bank | Equitable Bank, we are redefining the banking experience for Canadians. We believe in innovation and challenging traditional ways of doing things. Our team is made up of agile minds that find smarter ways to deliver exceptional service.We serve over 670,000 people across Canada through our bank and subsidiaries. Our combined...