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Residential Mortgage Funder, Bilingual Full Time
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 (eqbank.ca) one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.
The Residential Mortgage Funder is responsible for reviewing legal documents and taking loans through to funding. This includes following up for outstanding documents, advising the Closing Service Provider of any amendments or changes required to complete the file and preparing mortgage advance cheques.
The Work !
- On a daily basis, the incumbent will review legal documents in a timely and accurate manner. The incumbent must ensure that documents coincide with the underwriting documentation and the deals fund as per the approval. In addition, the incumbent will conduct a light audit of each deal to ensure policy and guidelines are met. If a gap or inaccuracy (i.e. ratios out of line) is identified, the incumbent will be required to work with the Single Family Residential – Credit department to seek clarification and request additional information/documentation as required.
- On a daily basis, the incumbent will complete all Funding activates (i.e. cut cheques) and all supporting steps (i.e. set up property tax accounts), including tasks unique to different deal types (i.e. Conventional and Collateral mortgages) in a timely manner (35%).
- On a daily basis the incumbent will work directly with EQB’s Closing Servicer Provider. Through efficiency, the incumbent will be responsible for time management of their individual as well as overall team deal flow on order to meet prescribed deadlines all while maintaining positive attitude and strong working relationships. As part of the funding lifecycle, the incumbent will communicate changes, status updates and unique details to the Closing Servicer provider using their portal(35%).
- AML, Compliance and KYC are important in every financial organization. Therefore, the incumbent, daily, will ensure every deal, as well as their actions adhere to all applicable guidelines. In addition, the incumbent is required to meet a 100% Quality Assurance and Compliance metrics each month (20%).
- On a daily basis, the incumbent will liaise with a variety of internal departments (i.e. Compliance, Mortgage Servicing) to address any unique ad-hoc issues that may arise. In addition, when required, the incumbent will complete memos with supporting details for other departments (i.e. Accounting) to leverage for their tasks. In addition, frequent communication with the Single Family Residential – Credit department will be required to address credit related issues in a timely manner. Providing status updates (i.e. closing date changes) are also a key communication item in which the incumbent will be responsible for to ensure all parties with a vested interest in the deal are aware of where deals stand(10%).
Let’s Talk About You !
- Minimum of 1- 2 years’ mortgage experience, exposure to Prime and Alternative a benefit.
- Bilingual.
- Excellent attention to detail.
- Ability to thrive under pressure.
- Excellent time management skills.
- Familiarity with AML and Compliance practice.
- Strong written and communication skills.
- Demonstrated ability to use Microsoft Office (Word).
- Logical thinker with ability to multi-task.
- Post-secondary education (diploma).
What we offer [For full-time permanent roles]
? Competitive discretionary bonus
✨ Market leading RRSP match program
? Medical, dental, vision, life, and disability benefits
? Employee Share Purchase Plan
?? Maternity/Parental top-up while you care for your little one
? Generous vacation policy and personal days
? Virtual events to connect with your fellow colleagues
? Annual professional development allowance and a comprehensive Career Development program
? A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!