Remote - Bilingual Mortgage Funding Administrator

**Remote - Bilingual Mortgage Funding Administrator**
**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**

This position is responsible for contributing to the success of MCAP while funding various types of single-family residential mortgages, including bridge financing. The Closing Co Ordinator will be required to ensure data integrity of legal documents and client identification documents.
The Closing coordinators are vital in promoting a professional image to all our business while building and maintaining quality relationships. This position will be responsible for reviewing documentation within prescribed service levels agreements, ensuring compliance with sub-servicing Lender guidelines and identifying any issues so that MCAP, our clients and investors are protected. In addition to reviewing documentation, this role is also accountable for clearing the applicable administrative system tasks.
**Process Documentation**
- Review and verify loan documents and information provided by solicitors, notaries or title insurers, to ensure all pre-funding requirements are met in time for the funding date.
- Ensure fully completed Customer Identification (Know Your Client) documentation is provided prior to funding. Identify that the down payment and employment indicated support the information in the file. Ideally, this is provided within 48 hours prior to closing at minimum.
- Upon receipt of Mortgage Drafts and Request for Funds, review closing dates on documents provided against what is noted on the system to confirm dates have not changed or refer the file back to the Solicitor
- Review and ensure the first payment date mirror the committed terms as well as correctly identify if client is responsible for property taxes before advancing funds.
- Ensure all tasks related to the documentation review are completed in accordance with the system requirements/procedures set out per Lender requirements, including rate expiry dates.

**Assist with closing related transactions**
- Manage daily funding reports and prioritizing files based on closing date, then time of document to ensure we are within SLA.
- Respond to any questions or requests the Lender, law firms/title insurers or internal staff members may have to ensure timely and accurate completion of each mortgage transaction
- Escalate any documentation or questions to the Manager or Director for review
- Provide solicitor/title insurer with amendments as required to ensure accurate closing documentation
- Ensure material changes are communicated to the solicitor/title insurer after the initial instructions are sent.
- Follow up with law firms/Title insurers 5 day prior to funding and 3 days prior to funding to confirm the mortgage will fund on time and for the receipt of the requisition for funds.
- Engage Underwriter 5 days prior to funding to obtain conditions for timely closings for purchases if still outstanding
- Ensure the correct rate is set up on the file prior to funding, per Lender policy. Any files with outstanding conditions refer to the manager immediately
- Order and review payout statements from the statement department and update information with Atlas as required.
- Follow-up with solicitors, notaries or Title Insurer on any outstanding conditions, to be satisfied within 48 hours of closing.
- Liaise with solicitors, notaries or title insurers when we are required to obtain additional documents that were not originally requested at time of closing.
- Request funds from the Lender in a timely and accurate manner, providing all pre-funding documentation as required by the Lender.
- Promptly setup delayed closings for files with funds disbursed being returned and ensuring underwriting and the Lender have been advised of funds being returned and new closing date.
- Ensure any amendments are within your authority referring any amendments outside of your authority to the Manager, Underwriter or Director.

**Relationship Management**
- Ensure documents are within SLA of time sent, regardless of future closing dates.
- Ability to liaise with third parties such as FCT, FNF, solicitors and notary offices to ensure a smooth funding process and provide a customer service level that demonstrates our strive to be “best in class.”
- Respond to solicitors’, notaries’ and title insurers’ inquiries post funding or refer them to the appropriate department.
- Follow-up with solicitors, notaries or title insurer for returned funds, or confirmation of notice of release on holdbacks.
- Ensure Know Your Customer documentati