Description:
We are hiring a Mortgage Funder, Residential Underwriting! Reporting To Manager, Residential Underwriting
Full-Time/Part- Time Full-time
Posting Date August 14, 2023
Closing Date Hours of Work:
8:30 a.m. – 5:00 p.m.
Grade Office Location:
6.7
Montreal - Hybrid
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.
- Check with law society for entitlement of solicitor
- Check information to ensure accuracy, i.e. correct lender, CMHC/Sagen/CG 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 file 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
- Adhere to policy/procedures to ensure AML and Quality Assurance requirements are met
The Requirements Needed
- Strong communication skills, verbal and written
- Proven organizational skills and demonstrated ability to prioritize and multi-task
- Demonstrated ability to work under pressure and maintain a calm focus during hectic periods
- Post-secondary education and/or equivalent work experience preferred
- Competency in MS Office; capacity to learn new technologies/systems
- Written and spoken French is required
- Strong written and spoken English is an asset
Why join First National?
- Bright open concept office environment
- Large kitchens with a coffee and latte maker to enjoy at no cost
- Supportive teamwork focused environment
- Collaborative entrepreneurial spirit
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year
- Extensive training programs to set our employees up for success