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The Bilingual 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.

Main activities

- 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 key in every financial organization. Therefore, the incumbent, on a daily basis, 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 in order 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 stands (10%).

Knowledge/Skill Requirements

- 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)

Job Complexities/Thinking Challenges

The incumbent is responsible for ensuring loans are carried successfully through to funding. Files at this level are usually of moderate complexity but can become complex at times and require careful attention to detail. The incumbent is required to follow EQB guidelines in order to work through files efficiently and accurately however, many situations can arise that differ from the norm and the incumbent must be experienced enough to deal with these situations.

Accountability

The incumbent operates under direct management and their work is monitored by management. Regular decision making pertaining to file management and maintenance is required and supplemented by procedures that limit the possibility for errors to occur. The incumbent is responsible for approving the release of mortgage funds and must be capable of checking files accurately and efficiently.

The role

📌 Bilingual Residential Mortgage Funder (Canada)
🏢 EQ Bank
📍 Canada