Mortgage Funder, Third Party Residential Underwriting

We are hiring a Mortgage Funder, Third Party Residential Underwriting - MBBS

Reporting To:

Manager, Residential Underwriting- MBBS

Full-Time/Part- Time:

Full-time

Posting Date:

November 24, 2025

Closing Date:

December 8, 2025

Hours of Work:

8:30 a.m. – 5:00 p.m.

Grade:
Office Location:     

6.7
Downtown Toronto
Great location Steps away from the main public transit station

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities
*Eligibility for benefits is dependent on the terms of employment

The Opportunity:
 
The Residential Mortgage Funder is responsible for instructing, advancing, and closing mortgage files
How you will contribute:

Check with law society for entitlement of solicitor
Check information to ensure accuracy, i.e., correct lender, CMHC/GE approval
Contact solicitor to confirm that he/she is acting on mortgagor's behalf
Prepare and send applicable instructional package to solicitor along with relevant documents
Follow up with solicitor to obtain advance request
Organize mortgage files in correct order
Check the request for funds from the solicitor
Send the mortgage advance sheet to the accounting department
Send the solicitor a list of outstanding conditions, mortgage commitment and mortgage advance breakdown
Contact solicitor when funds are ready
Follow up with solicitor prior to closing
Contact solicitor to advise that funds can be released
Ensure that all conditions have been met, all documentation has been received and that file is complete on the day of closing
Close files in the system and send to accounting department
Review solicitor mortgage documentation to ensure it corresponds to the terms of the commitment and is in compliance with established regulatory and company guidelines and policies
Escalate any documentation issues to the Mortgage Underwriter and/or Manager for review
Coordinate with mortgage accounting for the release of mortgage funds on a timely basis
Respond to all inquiries within the established turnaround times
Maintain the broker database
Monitor the MBBS main phoneline
Action Broker requests for the Broker Portal access
Adhere to policies/procedures to ensure AML requirements are met

The experience you need:

Completed post-secondary education or equivalent work experience required
Previous experience within Financial Services sector preferred
Previous experience within Mortgage industry an asset
Working knowledge of PC software in a Windows environment required 
Ability to maintain positive relationships
Strong aptitude for service excellence
Strong communication skills—both written and verbal
Ability to deal with conflict
Attention to detail
Organizational and time management skills
Positive team player
Fully competent in working with basic PC software and working knowledge of the suite of Microsoft office products
Ability to manage pressure in an environment of high volume processing with tight turnaround times

In accordance with the Financial Services Regulatory Authority (FSRA), if a successful candidate is not already licensed, upon starting with First National, they will be registered for the applicable educational courses and upon successful completion of the exam, First National will register them with FSRA to complete the licensing process.
 
Working Environment and Physical Demands Analysis:

Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program

Why join First National?

Competitive Compensation
Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
Hybrid working environment
Extensive training programs to set our employees up for success
Modern office environment conducive to collaboration
Supportive teamwork culture
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year

The team you'll join:
Founded in 1988, First National is one of Canada's largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada's largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.   
   
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.
 
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.
 
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process.
 
#FNUWON
 
 

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