EQ Bank intern supporting mortgage closing, funding, and loan setup processes. Reviewing documentation, updating systems, and resolving discrepancies for Canadian banking operations.
Responsibilities
Collaborate with Equitable Bank’s closing service provider to provide necessary data and documentation for property purchases or mortgage refinances
Liaise with the Residential Credit Team to identify and resolve inconsistent information, assign tasks, monitor progress, and verify corrections
Review documentation from the lending portal
Update systems and portals with borrower data based on loan product and type
Prepare accurate insurance documents
Verify legal representatives meet integrity and compliance standards
Manage tasks and deadlines to meet Service Level Agreements
Address rush loans and reinstructions professionally
Complete and review reports for Quality Assurance compliance
Monitor the closing service provider’s portal to confirm fund disbursement
Set up pre-authorized payments and configure Lines of Credit on the servicing portal
Generate and distribute welcome letters
Verify property and mailing addresses and update borrower risk ratings
Process payments to business partners and brokers
Finalize mortgage loan setups using the Post-Funding Checklist
Resolve deficiencies and discrepancies with solicitors and the closing service provider
Review final solicitor reports for mortgage registration compliance
Update loan statuses and follow up on outstanding reports
Escalate unresolved cases to management
Draft and issue formal demand letters when required
Currently enrolled in or recently completed a post-secondary program in Business, Communications, Information Technology, Data Analytics, or a related field
Excellent attention to detail
Established and meticulous time management and organizational skills
Knowledge of mortgages
Proven ability to thrive under pressure and perform well in a high volume, high intensity environment
Strong written and verbal communication skills with the ability to respond in a clear and professional manner
Demonstrated ability to use Microsoft Office
Logical thinker with ability to multi-task
Post-secondary education (diploma)
All candidates considered for hire must successfully complete a criminal background check and credit check
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
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