Mortgage Funder, Third Party Residential Underwriting

First National Financial LP is one of Canada’s largest non-bank lenders, specializing in residential mortgages. The Residential Mortgage Funder is responsible for instructing, advancing, and closing mortgage files, ensuring all documentation and conditions are met prior to closing.

Responsibilities

• 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
• Organize mortgage files 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 policies/procedures to ensure AML requirements are met

Skills

• Completed post-secondary education or equivalent work experience required
• Working knowledge of PC software in a Windows environment required
• Bilingualism (French, English) required-interactions with English-speaking customer or partners
• Strong communication skills—both written and verbal
• Ability to maintain positive relationships
• Strong aptitude for service excellence
• Ability to deal with conflict
• Attention to detail
• Organizational 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
• Previous experience within Financial Services sector preferred
• Previous experience within Mortgage industry an asset

Benefits

• Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!
• Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
• Hybrid working environment
• Extensive training programs 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

Company Overview