Reverse Mortgage Specialist

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you're not afraid of taking on big challenges and redefining the future, you belong with us.

You'll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly‑owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our customers have named our EQ Bank digital platform one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Reverse Mortgage Specialist is responsible for assessing new mortgage applications, issuing mortgage commitments, and collecting required documentation for taking transactions to the funding stage in a timely and prudent manner within established guidelines. This must be done as efficiently as possible while exercising sound lending judgment and without compromising service and profitability.

Daily, incumbents must promptly review received applications, verify the supporting documentation to be accurate and legitimate, approve, decline, or refer the applications for approval. The incumbents are also responsible to ensure that approved deals close as scheduled and efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines. The incumbent will follow up with brokers daily on issued mortgage commitments to ensure that funding volumes are maximized.

The incumbent will review documentation for accuracy and legitimacy placing a strong emphasis on anti‑money laundering (AML) and anti‑terrorist financing (ATF) requirements, including but not limited to, income and down‑payment verification. Daily, be the main point of contact and provide underwriting and mortgage fulfillment expertise to mortgage brokers, direct‑to‑client representatives, and aid co‑workers when required to meet the corporation's service levels.

The incumbent is responsible for the management of their deal flow to meet prescribed deadlines and SLAs. The incumbent will make diligent use of reports to track and manage the flow of all deals funding for their pipeline. Assess an applicant's fit with EQB's Reverse Mortgage criteria, specifically credit worthiness and legal ability to assume a mortgage. Perform activities like, but not limited to, title searches, property maintenance affordability calculators, review property appraisal and borrower documentation to meet internal policy and procedure, regulatory and file‑specific requirements.

Post‑secondary education in business or finance. Minimum of 2 years’ mortgage experience, with preference given to reverse mortgage exposure. Highly developed verbal and written communication skills with the ability to respond in a clear, concise, and professional manner. Reverse mortgage lending or single family residential mortgage lending experience is an asset/plus Excellent time management, analytical and problem‑solving skills Excellent attention to detail along with established and meticulous organizational skills.

Sound knowledge of AML & ATF practices, and fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation is required In‑dept knowledge of mortgage funding, QA, and underwriting guidelines is an asset. Experience in underwriting mortgages for properties located in different provinces is an asset. Proficient in…