Mortgage Banker - 1-year full-time contract (to support a Maternity Leave)

Job Type: Full-time 1-year contract (to support a maternity leave)

Salary Range: $57,000 - $65,000 + On Target Earnings between $3K - $9K

The base salary compensation for this position is determined by a combination of skills, experience and is aligned to the market in which the job is posted. Your recruiter will provide additional details about our total rewards package during the hiring process.

This role will support Mississauga, Lakeshore and Hamilton Branches.

Key Responsibilities

Subject matter expert for retail real estate lending including more complex credit situations.

• Provide an exceptional member experience for all member interactions.
• Work with members for all their mortgage needs, including mortgages, s-loc’s and bridge loans.
• Meet the unique needs of each Member by providing sound credit recommendations and solutions at all levels of complexity, including offering appropriate creditor protection products.
• Meet with members to assist them in achieving their mortgage needs and actively refer to branch/partners to deepen the relationship.
• Advise and support member/clients in consolidating their financial assets at the credit union and refer business to appropriate team members as required.
• Resolve customer issues and administrative requirements (drafting documentation, reports, proposals, and correspondence
• Manage and close all mortgage, secured line of credit and bridge loans of multiple assigned branches including referrals from internal banking partners.
• Probe to identify member needs and opportunities and provide solutions or refer to appropriate team members to meet those needs.
• Acts as a subject matter expert and coach for staff as relates to real estate retail lending by providing branch mortgage support, education and training.
• Enhance the credit knowledge of branch partners to assist them in ensuring our member needs are fully met at all levels of complexity.
• Meet and exceed Alterna’s Operational Excellence standards.
• Keep up to date with the changes in mortgage regulation, new mortgage products, and the competitive landscape.
• Follow strict industry guidelines and rules and ensuring appropriate and compliant financial advice and documentation.
• Maintain a thorough knowledge and understanding of all Alterna’s products and services and their related features and benefits in order to deepen and enhance member relationships.
• Responsible for overall Secured lending goals being met for assigned branches.
• Proactively build solid working partnerships with branch teams and support departments to facilitate the transition of new business.
• Develop and execute sales plans to meet and exceed sales goals and conduct regular pipeline management meetings with each branch manager in assigned branches.
• Ensure profitability of all transactions by appropriate application of rates (discretionary pricing, risk-based lending) fees and service charges.
• Leverage existing resources to actively contact members.
• Proactively solicit referrals from existing members to increase Alterna’s mortgage portfolio.
• Through proactive relationship management the Banker will retain and grow the mortgage credit book of the branches assigned
• Attend local business events to promote Alterna in the community.

Qualifications

Education / Certification / Experience

• Post-secondary education combined with 5 years in a similar role in a financial institution or an equivalent combination of education and experience.
• A minimum 7 years’ credit experience including the analysis, approving and/or recommending of credit.
• Extensive knowledge of processing/procedures of complex credit products including secured lines of credit, mortgages, and multi-unit residential mortgages (less than 6 doors)
• A minimum of 5 years of providing financial advice and demonstrated relationship building experience. Proven track record in sales and relationship building in meeting assigned goals and managing multiple tasks simultaneously.
• Valid Driver License and access to a vehicle to travel between assigned territory branches.
• Sound knowledge of various computer applications including Excel, Word etc.
• Proven knowledge of and experience practicing the governments regulatory requirements