Reverse Lending Specialist
4 days ago
We're not your typical bank. At Equitable Group, we're pushing the boundaries of traditional banking to create a more innovative experience for Canadians. With over 50 years of history and a presence in multiple provinces, we're dedicated to serving our customers and helping them achieve their financial goals.
The Role
As a Senior Reverse Mortgage Specialist, you'll play a critical role in shaping the future of our Reverse Mortgage product. You'll work closely with our Management teams to assess new mortgage applications, issue mortgage commitments, and collect required documentation. Your primary focus will be on ensuring timely and efficient processing while maintaining high standards of service and profitability.
Responsibilities
- Review and analyze new mortgage applications, verifying supporting documentation to ensure accuracy and legitimacy.
- Approve, decline, or refer applications for approval, considering EQB's Reverse Mortgage criteria and internal policy requirements.
- Collaborate with brokers to maximize funding volumes and ensure timely closure of approved deals.
- Conduct thorough reviews of documentation, emphasizing anti-money laundering and anti-terrorist financing requirements.
- Utilize reports to track and manage pipeline flow, ensuring deal flow meets prescribed deadlines and SLAs.
- Evaluate applicant fit with EQB's Reverse Mortgage criteria, performing activities such as title searches and property maintenance affordability calculators to meet regulatory requirements.
- Participate in product evolution with Management from SFR Credit, SFR Residential Operations, and SFR Sales, promoting collaboration among stakeholders.
What You Need
- Post-secondary education in business or finance.
- A minimum of 4 years' mortgage experience, with preference given to reverse mortgage exposure.
- Excellent verbal and written communication skills, responding clearly and professionally.
- Experience in reverse mortgage lending or single family residential mortgage lending is an asset.
- Highly developed analytical and problem-solving skills, with attention to detail and organizational abilities.
- Strong knowledge of AML & ATF practices and fraud risk in the mortgage industry.
- Proficient in MS Office (MS Word and Excel).
- Ability to thrive in a dynamic environment and adapt to high volume, high intensity situations.
- Positive working relationships with brokers and commitment to self-development and industry trends.
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