Commercial Funding Officer

Commercial Funding Officer - 12 Month Contract Join to apply for the Commercial Funding Officer - 12 Month Contract role at MCAP This position is responsible for funding Conventional or CMHC Insured term commercial loans. It involves processing financial and non‑financial transactions; ensuring data records are accurately maintained; identifying credit risks and ensuring loan security is in place even amid changing conditions. The incumbent also provides exceptional customer service to Investors, Brokers, and Borrowers to build and sustain relationships. Review Commitment Letters, Loan Summaries, and CMHC Certificate of Insurance; coordinate with internal/externals parties to ensure correct documentation/searches are in place prior to funding. Mandate external consultants and third parties according to MCAP’s Policies and Procedures and co‑ordinate documentation including but not limited to mortgage security and Anti‑Money Laundering documentation, Insurance consultant Opinion, Appraisals, Quantity Surveyor, ESA, etc. Collect, review, and verify loan documentation and funding information from various stakeholders and third parties to ensure all pre‑funding requirements are met or waived by appropriate authorities in time for the established funding date. Liaise with solicitors, originators, and MCAP’s Investment Management to collect, review and verify loan documents. Identify any material items such as existing mortgages, PPSA, Liens to ensure all pre‑funding requirements are met or waived by appropriate authorities in time for the established funding date. Review corporate documentation of relevant entities, legal documentation to the transaction and Individual Verification Forms to ensure that all funding and AML criteria have been satisfied. Conduct independent due diligence to determine an alternative solution in line with MCAP’s risk appetite via exception requests to management based on the delegated authorities. Review rate sets, CMHC holdback releases, and request of funds. Provide counsel on the Interest Adjustments and the tax holdback amounts. Accurately set up loans on Precision LM with a 95% average on the Critical Fields Checklist. Post all financial and non‑financial transactions on Precision LM and diarise and update mortgage system i.e., PPSA, Notes & Events and follow‑up items (undertaking/action items) for audit within the established timelines. Use effective oral and written communication techniques to deliver quality service. What You Bring To The Team Two years of commercial mortgage experience; Previous legal background is considered an asset; Experience with CMHC multi‑residential loan; Strong understanding of commercial mortgages, funding procedures and legal mortgage terms; Ability to work independently and as a member of a team; Strong interpersonal skills with the ability to work independently and as a member of a team (cross coverage may be required); Excellent organizational and time‑management skills, ability to prioritize; Strong attention to detail with the ability to work well under pressure in a fast environment where priorities and tasks are often subject to change; Proven ability to prioritize, strong organizational and time‑management skills with the demonstrated ability to handle multiple tasks within tight deadlines; Exceptional verbal and written communication and reasoning skills; Highly analytical with great attention to detail; Excellent problem‑solving skills and conflict resolution skills; Strong customer service skills with proven professionalism; Working knowledge of MS Office; Successful completion of a bachelor’s degree or college diploma in Business Administration; Bilingual French and English is an asset. 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 #J-18808-Ljbffr