Job title: Senior Funding Officer, Commercial Mortgages
Company: CMLS Financial
Job description: Description :
Senior Funding Officer, Commercial Mortgages
Toronto, ON
We are looking for a motivated self-starter to join our Toronto team as a Senior Funding Officer, Commercial Mortgages. this role the successful candidate will work with an extensive portfolio of commercial, multi-family residential and industrial real estate properties throughout Canada. You will use your eye for detail, sound decision-making and coordination skills to review commitment letters and to coordinate the funding of mortgages that have been originated through our broker network.
About the Role:
Coordinate loan closing by instructing solicitor and external property insurance consultant, ensuring all requirements are met, including commitment changes being addressed and deposits received
Liaise with solicitors, originators, and CMLS Credit Risk Management, to ensure all supporting documents and funding conditions are received and satisfied prior to advancing funds
Coordinate closings with investors (CMLS has multiple), ensuring all investor requirements are met and investor approvals are received
Coordinate locking of the interest rate, ensuring all pre-rate lock conditions are satisfied and investor requirements regarding timing of rate lock are met
Calculate interest adjustments, tax holdbacks and monthly tax components
Arrange advance approval by senior management prior to requesting funds from the investor and instructing legal counsel regarding the advance
Ensure accurate information is provided to the CMLS servicing department for set up of all loan details in the commercial loans management system
Ensure compliance with policies and procedures including legal, ethical, and regulatory requirements
Act as mentor for Funding Officers
Assist with training of new hires
Complete file audits for teammates
This role is for you if you have:
You have at least 3 years of experience in commercial mortgage funding
You have completed either an undergraduate degree or have other post-secondary education
Are detail-oriented
Possess strong organizational skills
Take ownership of your work and demonstrate a high degree of accountability and commitment at all times
Have excellent communication skills, both written and verbal, and are able to work well independently as well as within a team environment
Are able to multi-task and have the ability to adapt to a variety of responsibilities
Are results-driven
Nice to haves:
You are bilingual in French and English
You have an interest in real estate combined with an understanding of financial analysis
Benefits and Perks
Some of the benefits we offer at CMLS are:
- Health and Wellness Spending Accounts
- Health, Drug, Vision, and Dental benefits
- Paid vacation, sick days, and personal days (in addition to all civil and statutory holidays)
- RRSP Matching Program
- Maternity / Parental Leave Top Up Program
- Discounted gym memberships
- Travel assistance and EAP
- Business Casual dress code
- Company social events + sport teams
- Hybrid work arrangements and telecommuting opportunities
- And more!
Who are we?
Established in 1974, CMLS Financial is the leading provider of capital solutions for commercial property owners, developers and real estate investors. We have over 50 years of experience, 30,000 clients, $35 billion in assets under administration, and offices coast to coast. Some of Canada’s most prominent banks, investment managers, insurance companies, and pension funds rely on CMLS Financial for a variety of critically important services. Building on our solid foundation of financial strength and experience, we continue to deliver unparalleled capital solutions for all our clients needs.
You will love working here
Employees tell us that they love that we strike the balance in creating an incredibly professional, yet dynamic and enjoyable corporate culture. We work in a fluid and fast-paced environment that is supportive of energetic and motivated individuals who pride themselves on being flexible and results-driven. Business is booming and that means that our employees get valuable exposure, lots of learning opportunities, and can truly have an impact on our business. We are committed to providing our people with a challenging and rewarding career because our employees are what set us apart and we know it.
Equal Opportunity Employer
CMLS Financial is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations are available on request for candidates taking part in all aspects of the selection process.
We want to hear from you!
If you are confident that you would be a strong asset to our team, submit both a cover letter and resume today! We thank all applicants for their time in applying, however we will only contact those selected for an interview. Consideration of applications will begin immediately and continue until the position is filled.
Expected salary:
Location: Toronto, ON
Job date: Wed, 25 Oct 2023 22:30:58 GMT
