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HyreMynd Demo Inc.
Associate, Funding and Administration
The Associate role is a mix of funding and administration. The funding aspect of the role is being responsible for funding commercial mortgage product types such as purchases, refinances, assumptions, assignments etc. while supporting the credit and management team. The incumbent will analyze complicated corporate structures (AML & KYC), review legal documentation, prepare funding and closing documentation, liaison with investors and make arrangements for funds, liaison with solicitor's and insurance consultants on files among other task related to funding with a strict adherence to legislative guidelines and company established policies. The servicing/administration aspect of the role is management of the servicing portfolio ensuring compliance with investor and company established policies and procedures.
Key Accountabilities and Duties:
Prepare Commitment Letters
Process and review loan documentation and fulfill funding requirements
Review various documentation for corporate entities, legal and Anti-Money Laundering to ensure compliance with legislative guidelines and company policies
Ensure that all funding and AML criteria have been satisfied and confirm that any outstanding conditions are met as per the Commitment Letters and Investor requirements within the designated timeline
Co-ordinate with insurance consultants and solicitors for documentation to fulfill all funding requirements
Liaise with investors to ensure all investor requirements are met and arrange for funds accordingly
Set Interest Rate (Liaison between treasury, borrower and credit team as required)
Mortgage system and loan file setup - ensuring accuracy against investor approval, Commitment Letters and company guidelines
Process progress/subsequent advances, as required
Create your candidate profile to apply to HyreMynd Demo Inc. and track your application.
Preparing and issuing annual mortgage statements
2-3 years experience in mortgage funding
Preparing, issuing tax payment confirmation and review to ensure accuracy and compliance
Preparing, issuing annual financial reporting request and ensuring compliance with the Commitment Letters
Review and process post-funding task (i.e. Undertakings, PPSA expiry, Partial Discharges, Sub-Sequent Advances, Rate Changes etc.)
Review insurance expiry and follow up for renewal policies, as needed - review to ensure compliance with Commitment Letters
Knowledge, Skills and Attributes:
High level proficiency required with using Word, Excel and Adobe
Ability to handle multiple competing priorities
Good time management skills
Strong organizational skills with attention to detail
Ability to work independently and perform under pressure within tight time constraints