Internship Opportunity

OPEN INTERNSHIPS

Funder, Residential Underwriting (FULL-TIME, PERMANENT)

Organization:
First National Financial LP
Industry:
Finance
Number of Positions:
5
Application Deadline:
Apr 15, 2022
Start Date:
May 02, 2022
End Date:
Apr 28, 2023
Division:
Location:
Toronto,ON

Job Description:

********************This is a FULL-TIME, PERMANENT opportunity********************
 

The Opportunity:

The Residential Mortgage Funder is responsible for instructing, advancing and closing mortgage files.

  • 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

The Requirements Needed:

  • 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

Why join First National?

  • Bright open concept office environment
  • Large kitchens with a coffee and latte maker to enjoy at no cost
  • Supportive teamwork focused environment
  • Collaborative entrepreneurial spirit
  • Opportunities to give back to the communities and work through events focused on a variety of charities
  • Ongoing social events throughout the year
  • Extensive training programs to set our employees up for success  

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.

Employer Question 1:

Are you legally eligible to work in Canada for the entire duration of this internship?

Employer Question 2:

Do you have previous experience within Mortgage industry? Please specify

Employer Question 3:

Do you have experience in Banking / Financial Services? Please specify

Employer Question 4:

No question - Applicants, please type N/A in the text box below when submitting your application.