Financing Lending Manager Job Montréal area,Montreal Province de Québec Canada,Finance & Banking

Position: Home Financing Lending Manager
Location: Montreal

Is this role right for you?

In this role you will:

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Champions a high performance environment and contributes to an inclusive work environment. Underwriting:

1. Contribute to the effective processing and approval of mortgage applications submitted from HFAs by:

Determining and obtaining all pertinent credit information such as proof of income, down payment confirmation etc., and conducting appropriate due diligence in order to meet the bank’s credit and quality standards, including anti-money laundering and anti-terrorist financing standards and maintain the bank’s desired reputation with the public and regulators.

Accurately inputting data to computer underwriting program and determine a “pass”, “fail” or “further consideration” decision for each mortgage application.

Within a designated discretionary limit for mortgage applications which are “passed” by the system, approve, decline, or present alternatives that meet Scotiabank’s Risk tolerance for mortgage transactions and recommend to a higher level those which are qualified for further review if the incumbent considers them to be credit worthy;

Issuing and following-up on commitments.  Obtaining Mortgage Insurer approval for insured loans.

Ordering and reviewing appraisals for all conventional mortgages.

Assembling, analyzing and ensuring receipt of all relevant information and documentation prior to onward submission of the file to the Mortgage Administration Department for timely instruction to solicitors.

With the assistance of statistical information provided by the supervisor or other areas of the bank, monitor mortgage borrower performance and take appropriate action to ensure that sub-standard performance is corrected or if it is not, take appropriate action to terminate the relationship with the HFA.

Monitor HFA activities and bring any activities which appear worthy of further investigation to the attention of appropriate bank officers (supervisor, Senior Mortgage security Specialist or S&I).  Effectively communicating Bank lending policy and procedures, instilling a thorough knowledge of our lending requirements, and qualifying parameters.

HFA Support:

2. Manage and monitor ongoing relationships with the established portfolio of Home Financing Advisors including:

Maintaining an appropriate level of regular contact with the established HFA portfolio.

Provide support tools to assist HFA’s with their client interactions (product information, pricing and ways to counter objections and solidify deal).

Developing knowledge of our products, policies and processes to improve the efficiency of each HFA relationship.

Tracking and monitoring performance for improvement of efficiency or managing appropriate action in the event that all efforts to improve fail, which may include recommendations to the Director HFLMs for movement of HFAs from HFLM support to regional underwriting centre (ACMUC).

Interact with Senior Manager of Sales (SMS) and Regional Director (RD) for coaching and development purposes of HFAs, specific to deal quality and operational effectiveness.

3. Ensure the delivery of a high standard of customer service and foster overall customer satisfaction that is consistent with the Scotiabank Service Standards and Complaint Resolution Standards and Procedures by:

Facilitating prompt turnaround times and ensuring accuracy, courtesy and knowledgeable service when dealing with HFA’s.

Maintaining the confidentiality of Bank and customer information.

Being fully aware of and complying with Bank’s Privacy Code and Guidelines for Business Conduct.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you:

University Degree preferred

(Notes –…


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