Commercial Mortgage Officer, Business Enterprise Solutions (BES)

The core parts of your role would be to

30% - on a daily basis, the incumbent will on board loans by adding loans to SIT and RAISE platforms. Scrub the loan details against SFR watch/deny list and document the Broker verification process. The incumbent will scrutinize the contents of the file with a strong emphasis on anti-money laundering (AML) and anti-terrorist financing (ATF) requirements, to assess if CIF merges are required, review existing AML scores, ensure any STR/SATs are dealt with accordingly and archive all documents received to date to filenexus.

30% - on a daily basis, the incumbent will communicate with internal contacts (i.e. Account Managers, Underwriters, Funders, Compliance) and third party providers (i.e. Brokers, Partners, Clients) to obtain/review required AML documentation and act as a liaison between various groups within the department. Ensuring transactions are processed in a timely and efficient manner in order to deliver superior customer service, while ensuring compliance with the Company’s established AML policies and lending guidelines and requirements. Completion of the Fintrac form prior to funding and recommend to Management for approval.

20% - on a daily basis, generate CAFs by updating loan details in SIT as per approved LPD write ups, and recommend to management for approval.

10% - update statuses or closing dates as requested, process good faith deposit cheques on SIT, document loan cancellations on SIT, RAISE and FileNexus, prepare loan cancellation memos for fee reimbursement for senior management approval and cut reimbursement cheques from SIT or request wires from Funding.

10% - on a daily basis, assist the underwriters in preparation of draft commitments, instructing the funding dept, income analysis and employment verbal verifications, the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines.

Let's Talk About You!

Have a minimum of 2 years’ commercial mortgage/administration experience

Post-secondary education (diploma/degree), preferably in business or finance

Extensive working knowledge of MS Office (Word, Excel, Outlook, Power Point)

Strong analytical skills

Strong organizational skills

Ability to handle multiple competing priorities

Good time management skills

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

Job Complexities/Thinking Challenges

The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature, requiring in-depth reviews of documentation.