Internship Opportunity

OPEN INTERNSHIPS

Funder, Residential Underwriting -Direct Hire

Organization:
First National Financial LP
Industry:
Finance
Number of Positions:
5
Open To:
GRD
Application Deadline:
Dec 14, 2021
Start Date:
Dec 28, 2021
End Date:
May 07, 2022
Division:
Location:
Toronto,ON

Job Description:


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.

 

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at accessibility@firstnational.ca.

Employer Question 1:

Do you require any accommodations for the interviewing and recruitment process?

Employer Question 2:

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

Employer Question 3:

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