Mortgage Funder, Third Party Residential Underwriting – BMBE

Overview

Mortgage Funder, Third Party Residential Underwriting – BMBE

The Opportunity

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

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 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

Skills And Attributes

Education / Certification / Experience Requirements

Working Environment And Physical Demands Analysis

Why join First National?

The Team You’ll Join

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 recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.

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Equal Opportunity Statement : First National is an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, 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 accessibility@firstnational.ca should you need an accommodation at any point in the recruitment process.

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