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Title: The Mortgage Review Officer / Senior Credit Analyst (CA)

Two open positions

The Mortgage Review Officer / Senior Credit Analyst (CA) is responsible for performing quality reviews of mortgage loan decisions processed through Scotia Mortgage Authority (SMA), Home Financing Solutions (HFS), and Branch Channels to ensure consistent, quality decisions are being made by the adjudication staff within appropriate risk policies and identifying trends to improve service to all customers.

You will ensure adherence to Bank regulations, security procedures and policies through a pre-funding review of all mortgages. The CA will elevate all non-adherence mortgage deficiencies to the Broker Relationship Manager (BRM), Home Financing Lending Manager (HFLM), and Financial Advisor (FA), as well as all administrative findings. The CA will also communicate to their respective Manager, Credit Review, and Senior Manager any findings that require immediate attention and remediation for compliance issues.

The Senior Credit Analyst is an integral part of our team and works collaboratively by taking initiative as required to ensure the team’s service expectations are met. A solid understanding of the Bank's policies and processes as they relate to Mortgage Retail Lending and the Bank's Service and Complaint Resolution standards is a must.

In this role you will:

Ensure adherence to policy and procedural standards for mortgages approved for funding:





- Review mortgage files prior to funding to ensure retail lending compliance.
- Conduct specific reviews of mortgages from time to time, as requested by the senior manager, Credit Review, to assess an underwriter's performance and/or quality of deals.
- Effect quality control to ensure established standards are adhered to, taking full responsibility for the correctness and approval of mortgage documentation.
- Use judgment to determine if there are any unidentified or unaddressed out-of-policy issues contained in the Mortgage file; and if so, determine whether these issues pose a material or non-material risk and how to proceed.
- Deficiencies - elevate Pre-Funding Exceptions (PFEs) for material risks directly to one or all the following: the Manager, Credit Review, senior Manager, Credit Review, or Director, Mortgage Security. Non-material deficiencies or administrative data integrity issues are communicated through PEGA directly to the underwriter / FA, as applicable.
- Check and authorize transactions within defined authorities.
- Prepare/contribute to regular monthly reports of mortgages reviewed from the previous month, reporting on scope, methodology, findings, risk, recommendations,



and overall conclusions and presenting findings to be reviewed by the Manager, Credit Review, Senior Manager, and the Director of Mortgage Security.
- Maintain an excellent and up-to-date knowledge of policies concerning mortgages, authorization limits, and escalation processes.
- Provide additional support for the Senior Manager by conducting credit reviews on mortgage files of interest and providing detailed reporting on creditworthiness along with any identifiable trends.

Ensure consistent, quality solutions mortgage loan applications are processed:

- Review and report on the consistency of decisions and loan conditioning-including the consistency of risk tolerances across adjudicators, teams, and units.
- Review and report on the quality of adjudication, adherence to policy and appropriateness of exception decisions.
- Reviewing credit decisions to ensure adjudicators provide sound advice and potential alternatives to deal with structure within risk parameters.
- Document findings and provide them to senior leadership for use in coaching sessions and for documenting and assessing performance.
- Review samples of similar requests to ensure consistency between adjudicators and documents.
- Make sound decisions and judgments, when necessary, determine the reasonability of the deal based on the specifics of the file and customer situation, and clearly document your decision.

Ensure delivery of customer service is in accordance with Scotia Service standards:

- Provide straightforward explanations of findings from file reviews to the Manager

📌 Mortgage Review Officer (Toronto)
🏢 Scotiabank
📍 Toronto