Reverse Mortgage Specialist; Underwriting and Fulfillment

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The Reverse Mortgage Specialist is responsible for assessing new mortgage applications, issuing mortgage commitments, and collecting required documentationfortakingtransactionsto thefundingstage 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 ensure accuracy and legitimacy, 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.
• The incumbent will strive to ensure that mortgage filesare followingthecorporation’s established lending policies and procedures.
• The incumbent is responsible for the management of their deal flowtomeet prescribed deadlines and SLAs. The incumbentwillmake diligent use of reports to track and manage the flow of all deals funding for their pipeline.
• Incumbents must provide the highest level of internal and external customer service while fielding mortgage broker inquiries and building strong broker relationships.
• Daily, be the main point of contact and provide underwriting and mortgage fulfillment expertise to mortgage brokers,direct-to-client representatives, andaidco-workers when required to meet the corporation’sservice levels
• Maintain up-to-date knowledge ofthe policies, procedures, and products.
• Develop strong broker relationships including in-person meetings to help drive excellent NPS results without sacrificing credit quality.
• Assess an applicant’sfit 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.
• Work closely with Management from SFR Credit, SFR Residential Operations and SFR Sales to evolve the EQB Reverse Mortgage product.
  
  Also, the incumbent will need to be comfortable working with a wide range of internal stakeholders to help them understand how EQB’s Reverse Mortgage product differs from peers.
• Taking initiative and having an urgency to ensure files are funded in a timely manner

• Post-secondary education in business or finance.
• Minimum…