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Job title: Conditions Review Analyst – Mortgage (100% Remote)
Company: Manpower
Job description: Manpower Canada – (CAN) 2 Sheppard Avenue East 20th floor ON North York , ON M2N 5Y7 Phone : 877-876-7331
Branch Phone Number
Job Description
Recruiting for Conditions Review Analyst position for a leading insurance sector company
What’s in it for you?
- Full 12-months contract
- 100% Remote opportunity
- Competitive pay rates
- Safe, clean work environment
What is the job?
- Review all incoming mortgage documentation and supporting lending underwriting
documentation to ensure they comply with the residential underwriting standards Documentation includes signed Operating Agreement, ID Verification, Income Verification, confirmation of down payment, confirmation of square footage and heating costs, confirmation of payouts and current mortgage statements, etc.
- Ensure that all data entered on the system by the Mortgage Specialist or Mortgage Support Solutions team accurately reflects what is contained in the supporting documentation.
- Review the Equifax reports on for conditionally approved files to identify any abnormalities that may require further underwriting review.
- Required to provide the title insurers with accurate instructions to have the mortgage documents executed and signed by the mortgagee(s). This includes providing the title insurers with all mortgages related documents including but not limited to the following: Operating Agreement, payout authorizations, tax bill, mortgage statement, statements for unsecured paydowns, purchase/sale agreement, etc.
- Prepare the file for funding once complete and ensure any special conditions are noted for the funders to ensure the file is funded accurately.
What do you bring to the job?
- Minimum of 2 years’ experience in the residential mortgage field.
- Solid understanding of the mortgage business and documentation required for mortgage origination.
- Solid understanding of the following credit and lending concepts:
o Cost of Funds
o Liquidity
o Product pricing and risk-reward relationship
o Debt servicing ratios and how they are calculated in relation to lending
- Thorough understanding of loan insurance and the Bank’s underwriting guidelines for core insured lending programs.
- Ability to read and interpret financial statements
- Understanding of appraisals, how they are conducted and what to look for in an appraisal related to the mortgage origination process.
- Knowledge of the processes, procedures, legal and regulatory requirements related to the purchase and sale of residential homes.
- Solid knowledge of the mortgage products with the portfolio.
- Solid knowledge of the various change’s clients can make to their mortgage account and the documentation and underwriting required for each.
- Knowledge and general understanding of construction mortgages and industry customs and practices including construction procedures and phases, delivery procedures, sweat equity, quality and specifications of construction materials, contract terms and conditions
Select Apply Now and qualified applicants will hear from a recruiter within 24 hours.
We love referrals. Visit manpower.ca/referral to easily share this opportunity with friends and family and increase your compensation for each successful referral.
Manpower Group recognizes the importance of providing an accessible and barrier-free environment. We are committed to creating a welcoming, fair, and inclusive environment by offering equal opportunity to access our services. At Manpower Group, we are committed to providing accommodations, and will work with you to meet your needs.
Expected salary: $30 per hour
Location: Toronto, ON
Job date: Sun, 13 Jun 2021 07:44:52 GMT
APPLY NOW!
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