Residential Mortgage Officer

Join a Challenger

At EQB, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. And as the exclusive financial partner of Loblaw Companies Limited's PC Optimum™ loyalty program, we're woven into the daily lives of more than 18 million members across Canada.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!

We can’t wait to get to know you!

The Work

The Residential Mortgage Officer is responsible for maintaining and updating mortgage files from the commitment approval stage to the time the loan is funded. This mainly includes the reviewing of files, correspondence with mortgage brokers to request outstanding documents, and the adjudication of documents as per FINTRAC, internal AML/ATF guidelines, and EQB policies and procedures. The Residential Mortgage Officer also plays an integral role in the mitigation of fraud within the Single-Family Residential Department.

The Core Responsibilities!

-

Daily, the incumbent will obtain, and review required documentation with a strong emphasis on anti-money laundering (AML) and anti-terrorist financing (ATF) requirements, including but not limited to, income, down payment verification and client interviews. The incumbent will ensure that documentation adheres to corporate guidelines and will mitigate any concerns surrounding suspected misrepresentation when required. (35%)

-

On a daily basis, the incumbent will strive to ensure that mortgage files are in compliance with the Company’s established lending policies and procedures as well as ensuring that legal, AML, and ATF requirements have been satisfied. (35%)

-

On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines. Day-to-day the incumbent will make diligent use of reports to track and manage the flow of all deals funding for their team. (15%)

-

Daily, the incumbent will communicate with internal contacts (underwriters, managers, administrators and mortgage sales staff) and external contacts (mortgage brokers and clients) to ensure transactions are processed in a timely and efficient manner in order to meet tight deadlines. The incumbent will provide the highest level of internal and external customer service while fielding mortgage brokers and client inquiries. (10%)

-

On a daily basis, the incumbent will monitor changes to deals and update files as required. The incumbent must send correspondence to the appropriate parties apprising them of changes. The incumbent must also ensure that Quality Assurance requirements and Compliance review queries are dealt with in a timely and accurate manner . (5%)

Let's Talk About You!

-

Completion of a post-secondary degree preferably in the financial field.

-

1-2 years’ mortgage experience in the alternative mortgage market.

-

Sound thinker with the ability to multi-task; ability to handle multiple competing priorities.

-

Excellent attention to detail.

-

Ability to grasp AML & ATF practices.

-

Established and meticulous organizational skills.

-

Excellent time management, analytical, and problem-solving skills.

-

Ability to make complex decisions under pressure.

-

Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment.

-

Highly developed verbal and written communication skills with the ability to respond in a clear, concise, and professional manner.

-

Committed to providing superb customer service.

-

Proficiency in MS Office (mainly MS Word and Excel).

-

Detailed knowledge of mortgage funding and quality assurance processes.

-

Ability to comprehend and assess documentation relating to mortgage down payment and borrower income confirmation.

-

Mindful awareness of fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation when required.