Funding Administrator-contract

**Funding Administrator-Contract**

**MCAP at a Glance**

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

**The Role**

A funding administrator plays a supporting role in managing the administrative tasks and operations within a commercial funding group. This position is primarily responsible for supporting the Commercial Funding Group in follow-ups, auditing, investigations, monitoring and reporting of Commercial Mortgage loans. The Funding Administrator is responsible for processing financial and non-financial transactions; record management, the preparation of routine correspondence and reports, responding to inquiries from clients, third party professionals and internal staff, maintaining files, Loan set-up on PLM and Portal and completion of post-funding audit for all Commercial CMHC-Insured and Conventional Mortgages per the terms of our Servicing Agreements.
- Accountable for system set-ups such as creating new loans onto PLM & advising pertained stakeholders accordingly
- Mandate external consultants (e.g. solicitors, insurance consultant) and obtain heir acknowledgements.
- Responsible for organizing, maintaining, and updating databases/records related to loans in system, including client information, loan changes i.e. maturity dates, terms, investment details, compliance documents, etc.
- Responsible for maintaining data integrity of our mortgage records (system and files);
- Responsible for review and set up insurance in PLM
- Process financial and non-financial transactions on system of record ( PLM)
- Issue Welcome Letter to Borrower within established timelines
- Assist funders in completing files and documents storage.
- Complete EDMs post funding including setting up Notes/ Event and Action Items and inform Servicing of file completion
- Supporting financial processes, such as processing payments, managing invoices, and tracking expenses i.e. process CMHC refund to clients
- Prepare manual wires for ad hoc payments, i.e. broker/Inspection/ESA fee. etc.
- Run credit reports via Equifax and corporate searches via ESC
- Reconciliation and payment of invoices and process them in PLM (Grand & Toy, Recall, Equifax, ESC, CMHC premiums, etc.)
- Deposit/Cut cheques and post transactions to PLM
- Title Certification of Security for MBS pools
- Assist with different audit preparations and audit follow ups as requested.
- Ensuring that administrative processes and documents meet quality standards.

**RECORDS MANAGEMENT**
- Maintenance of Executive Pipeline Report. Entering new loans, updating existing information on PLM & Salesforce
- Assist associate director with reconciliation reports such as AML, Good faith, Suspense balance, etc.
- Firmex Project Creation and Access Granting
- Uploading information onto Firmex as requested
- EDM quality control and reporting
- Complete project tasks as required

**What You Bring To The Team**
- Commercial mortgage experience preferred
- Experience with CMHC multi-residential loans is an asset.
- Basic understanding of commercial mortgages and legal mortgage terms preferred
- Good with systems such as Microsoft Office
- Strong attention to detail
- Excellent organizational and time management skills
- Exceptional verbal and written communication
- Excellent customer service skills
- Ability to handle multiple tasks with tight deadlines
- Self-driven, motivated with the ability to work independently and in a team environment
- Post-secondary diploma or degree

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you

**Be A Part Of Something Great**

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

**Position #**: req1989

**Employment Status**:Contract Full Time

**Location**:Toronto; Ontario

**Number Of Openings**:1

**Department**:Commercial Mortgage

**Internal