Commercial Mortgage Funder

Come join Home Trust Company (Subsidiary of Fairstone Bank) as an Commercial Mortgage Funder in our Commercial Mortgage Administration team! 

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.

Home Trust is a private company.

FIRST THING – WHAT YOU NEED TO SUCCEED?
We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!

ABOUT THE ROLE: 

The Commercial Mortgage Funder will effectively and efficiently review commercial legal documentation and fund mortgage deals, providing a high level of customer service to HTC customers and their solicitors in accordance with company policies and procedures.

In addition: 

• Review Letters of Intent and Commitment Letters in order to assess what legal documents will be expected from Solicitors and/or third-party Servicers to close

• Follow up to ensure legal documents are received and reviewed for accuracy and enforceability prior to scheduled closing dates

• Review Corporate documents to determine Beneficial Ownership and to ensure AML documentation meets FINTRAC requirements

• Demonstrate a good understanding of the structure and requirements associated with Publicly Traded Companies, Family Trusts, Partnerships, Third Party Determination and Politically Exposed Persons

• Prepare Mortgage Advances and ensure all advances are processed in accordance with company policies and procedures

• Process construction draw and reserve payments

• Ensure all funded deals are accurate and complete

• Review documents for Assumptions and internal organizational changes

• Demonstrate knowledge of Securitization /CMB program

• Identify and recommend methods to improve operating efficiencies within the team

• Be cross trained to be able to cover and support Residential Mortgage Funders on an as needed basis

• Ensure Anti-Money Laundering and Know Your Client legislation is adhered to on all files

• Accountable for all mortgage transactions as assigned

• Display a commitment to the highest customer service ranking in the industry

• Provide daily pipeline updates and maintain ongoing communication with internal stakeholders

• Work closely with Commercial Underwriters to understand transactions and mitigate any potential funding delays

• Maintain open lines of communication with the Solicitor and/or third-party Servicer to ensure service standards are attained

WHAT WE REQUIRE:

• Authorized to work in Canada

• Great communication skills

• Post-secondary degree or diploma, preferably in business management, finance, or related field (university an asset)

• 2 years of experience with commercial funding

• Strong understanding of mortgage lending / commercial mortgages

• Excellent written and verbal communication

• Solution-focused, takes initiative to work effectively within established guidelines

• Strong organizational and time-management skills, detail orientation

• Able to source and interpret complex data and drive fact-based analysis

• Strong interpersonal, relationship-building and listening skills

• Proven ability to work both independently and collaboratively within a team environment

• Able to multi-task and flourish in a fast-paced, deadline-driven work environment

• Strong MS Office skills and an aptitude for learning new systems and processes

• Flexibility to work some extra hours at peak volume times, as needed

Expected salary range is $55,000 to $65,000 per year.

This posting is for an existing vacancy within our organization.

Artificial intelligence may be used in parts of the recruitment process.

PREREQUISITE
:
Maintain a positive supportive attitude, help to maintain an inclusive and supportive company culture!

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