Mortgage Funder, Third Party Residential Underwriting - BMBE

Mortgage Funder, Third Party Residential Underwriting - BMBE Job Description

We are hiring a Mortgage Funder, Third Party Residential Underwriting - BMBE!

Reporting To:
Manager, Third Party Residential Underwriting

Salary Range: $45,000-$60,000

Hours of Work: 8:30 a.m. – 5:00 p.m.

Grade: 6.7

Location:

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 Residential Mortgage Funder is responsible for instructing, advancing and closing mortgage files.

The Third-party Residential Underwriting Division, as a division of First National Financial, provides underwriting expertise and services on behalf of other financial institutions to the Canadian Mortgage Broker channel.

• Check with law society for entitlement of solicitor
• Check information to ensure accuracy, i.e. correct lender, CMHC/GE 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
• Organise 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

• Strong communication skills, verbal and written
• Proven organisational skills and demonstrated ability to prioritise and multitask
• 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
• Completion of Mortgage Agent Course and/or BC Financial Services Authority (BCFSA) licence an asset

• Ability to build and maintain positive relationships
• Strong communication skills—both written and verbal
• Ability to deal with conflict
• Analytical skills
• Strong organisational and time management skills
• Positive team player
• Fully competent in working with basic PC software and working knowledge of the suite of Microsoft office products
• Ability to manage pressure in an environment of high volume processing with tight turnaround times

• Periods of high volume with tight timelines
• Long periods of stationary position/sitting
• Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
• Long periods of time in viewing a computer screen
• Multi‑tasking may include speaking to customers on a telephone call while looking up information on a computer programme
• Competitive compensation
• Comprehensive benefits programme (i.e. Health Spending Account, Maternity and Parental Leave Top‑Up)
• Extensive training programmes to set our employees up for success
• Modern office environment conducive to collaboration
• Supportive teamwork culture
• Opportunities to give back to the communities and work through events focused on a variety of charities
• Ongoing social events throughout the year

Founded in 1988, First National is one of Canada’s largest non‑bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.

First National has been consistently recognised as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, colour, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at ac should you need an accommodation at any point in the recruitment process.