Commercial Mortgage Administrator

Contenido de trabajo

JOB DESCRIPTION

Role Summary

• Routine servicing administration for Canadian commercial mortgage portfolios
• Entry of loans in servicing software in accordance with parameters outlined in loan documents
• Process various borrower transactions in the servicing system including renewals, extensions, amendments, assumptions, loan advances
• Review documents for loan covenants, reporting requirements, etc. for all loans in portfolio and entering details for tracking in the servicing system
• Handle mortgage related inquiries from borrowers and investors by monitoring personal and shared admin inboxes
• Monitor and request property insurance renewals to ensure adequate coverage is in place
• Monitor and remit property taxes in accordance with municipal due dates and collect proof of payment from borrowers responsible for paying their own taxes
• Reconcile and process monthly mortgage payment collections and remit payments to the investors in accordance with investor guidelines and contractual agreements
• Monitor active trust accounts and reconcile banking to the servicing system on a weekly and monthly basis
• Process reserve disbursements by analyzing supporting documentation and ensuring release requirements have been met as outlined in the loan documents
• Prepare borrower notices for maturing loans and interest rate step-ups
• Prepare mortgage discharge statements for maturing or prepaying loans
• Obtain, review and analyze financial information, including rent rolls, operating statements and financial/net worth statements
• Assist with the annual site inspection assignments

Job Requirements

• 3-5 years of related experience in mortgage funding or servicing/administration (commercial or residential)
• An energetic, self-starter who is disciplined, quality conscious, with rigorous attention to detail
• Ability to thrive and be self-motivated in an environment with minimal day-to-day supervision
• Flexible with an ability to work in a fast paced, deadline-oriented environment
• Committed to learning and taking ownership of assigned responsibilities
• Strong organizational skills and ability to prioritize and multi-task
• Intermediate to advanced level skills in Microsoft Office (Excel and Word) desirable
• Strong analytical and problem-solving skills
• Excellent communication skills, both written and verbal
• Ability to work independently as well as within a team environment
• Basic accounting knowledge (reconciling receipts and debits)

Application Submission
Interested candidates should submit their resumes and cover letters by email to careers[at]imservicing.caindicating Commercial Mortgage Administrator in the subject line.

Job Types: Full-time, Permanent

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Toronto, ON M5C 2A1: reliably commute or plan to relocate before starting work (required)

Experience:

• mortgage: 1 year (preferred)