Funder, Third Party Residential Underwriting

  • Company:
    First National
  • Location:
  • Salary:
    negotiable / monthly
  • Job type:
  • Posted:
    4 weeks ago
  • Category:
    Business / Mgmt

Job Description Why Choose First National as a Great Place to Work? More than80%of current First National employees indicate that they would recommend First National to a friend as a great place to work. More than85%of current First National employees indicate that they have trust and confidence in our Senior Leadership team’s ability to achieve our goals! We are extremely proud to have been awarded theEmployer of Choice Awardfrom CMP (Canadian Mortgage Awards) for 2010, 2011, and 2014! We offer: A professional and team-oriented culture where werecognizeeach other for our success and work ethic A culture dedicated to service, continuous improvement, and efficiency through one of the most efficient paperless processing systems in the industry. This also allows us to do our part for a healthy environment Career advancement and professional development opportunities through ourLearning Network, lunch and learns, continuing education opportunities, and ongoing opportunities for advancement or promotion A comprehensive and competitive compensation and benefits program including an employer matching RRSP program and Employee Assistance Program Three (3) weeks of vacation for a new employee’s for their first full year A health and wellness program and discounted gym memberships Team building and social events where employees are given the opportunity to have fun, relax and network with each other Opportunities to give back to our communities through numerous fundraising and charitable activities We are hiring a Funder, Third Party Residential Underwriting! Reporting To: Manager, Third Party Residential Underwriting Full-Time/Part-Time: Full-time Posting Date: 10/09/2018 Closing Date: 10/23/2018 Hours of Work: 8:30 a.m. – 5:00 p.m. Office Location: Job Code: Downtown Vancouver 4 Salary Highly competitive compensation package which Includes, base salary, bonus and benefits Eligibility for benefits is dependent on the terms of employment Overview: Reporting to the Manager, Third Party Residential Underwriting, the Residential Mortgage Funder reviews mortgage and legal documentation to ensure accuracy within the established guidelines so that mortgage loans can be funded on scheduled closing dates. 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. Primary Duties and 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 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: Ability to maintain positive relationships Strong aptitude for service excellence Strong communication skills—both written and verbal Ability to deal with conflict Attention to detail Organizational and time management skills Positive team player Fully competent in working with basic PC software and working knowledge of the suite of Microsoft office products Ability to manage pressure in an environment of high volume processing with tight turnaround times Key Contacts: External: Solicitors, Title Insurance Companies, Clients and Customers Internal: Interdepartmental team members to ensure a fluid and transparent First National customer experience Education/Certification/Experience Requirements: Completed post-secondary education or equivalent work experience required Previous experience within Financial Services sector preferred Previous experience within Mortgage industry an asset Working knowledge of PC software in a Windows environment required In accordance with the Financial Institutions Commission (FICOM), if a successful candidate is not already licensed, upon starting with First National, they will be registered for the applicable educational courses and upon successful completion of the exam, First National will register them with FICOM to complete the licensing process. Core Competencies for all First National Employees: Client Focus—we have an unwavering commitment for service excellence Team Orientation—we work together efficiently and are proud of our culture Respect for Others—we value the diversity of our people and we promote a respectful workplace Working Environment and Physical Demands Analysis: Office environment Periods of high volume with tight timelines Long periods of stationary position/sitting Prolonged periods of repetitive movement (i.e. using a keyboard and mouse) Long periods of time in viewing a computer screen Multi-tasking, may include speaking to customers on a telephone call while looking up information on a computer program How to Apply: If you are ready to join First National’s dynamic team in Delivering Service, Creating Solutions, and Building Success, we invite you to apply on-line at: We value a diverse workforce and invite all interested and qualified applicants to apply. First National Financial supports requests for accommodation from applicants with disabilities in its recruitment processes. If you require an accommodation due to a disability throughout the recruitment process, including submitting an application or undergoing testing, please contact Human Resources We thank all applicants for their interest. Please be advised only candidates selected for an interview will be contacted. Job Location Vancouver, British Columbia, Canada Position Type Full-Time/Regular