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About the role

  • Responsible for enforcing conditions of mortgage contracts on delinquent loans. Join Equitable Bank, a top FinTech creating innovative banking solutions for Canadians.

Responsibilities

  • Responsible for enforcing the conditions of the mortgage contract on residential and commercial loans in default.
  • Proactively managing a portfolio of residential and commercial delinquent loans in default.
  • Send appropriate notifications regarding returned payments and/or arrears to borrowers.
  • Closely monitor the entire portfolio and obtain information as required from third parties.
  • Obtain and conduct a full review of financial documents and make recommendations for workout.
  • Conduct reviews of portfolios, including analysis of valuation of the property.
  • Instruct property managers to conduct occupancy checks on properties as deemed necessary.
  • Analyze and report regularly on defaulted loans along with recommended solutions to management.

Requirements

  • Diploma required in a related discipline.
  • 3-5 years’ experience in mortgage default (not including entry level) (Experience in workouts considered an asset).
  • Comprehensive knowledge of mortgage enforcement and foreclosure remedies.
  • Strong analytical problem solving and negotiation skills.
  • High degree of accuracy and strong attention to detail.
  • Ability to handle tight deadlines.
  • Strong organizational skills and the ability to prioritize tasks.
  • Effective communication skills.
  • Have intermediate to advanced skills using Microsoft applications including Office, Excel, and SharePoint.
  • Working knowledge is required.
  • Bilingual in English and French is preferred

Benefits

  • Competitive discretionary bonus
  • Market leading RRSP match program
  • Medical, dental, vision, life, and disability benefits
  • Employee Share Purchase Plan
  • Maternity/Parental top-up while you care for your little one
  • Generous vacation policy and personal days
  • Virtual events to connect with your fellow colleagues
  • Professional development and comprehensive Career Development program
  • A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Job title

Job type

Full Time

Experience level

Mid levelSenior

Salary

Not specified

Degree requirement

Associate's Degree

Location requirements

HybridTorontoCanada

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