Credit Funding Associate

Kawartha Financial Services•Otonabee-South Monaghan, ON

2d•CA$818 - CA$1,202•Hybrid

About The Position

As a Credit Funding Associate, you will ensure the proper completion of loan, line-of-credit, and mortgage documentation. You will assist with the registration and control of Credit Union security documentation, including PPSA, GSA mortgages, collateral mortgages, and lodgement title documents. Your responsibilities will include initiating and processing PPSA registrations and lien searches, reviewing each registration document for accuracy, and reporting any irregular items that may have a priority position to Commercial Account Managers. You will also complete Credit Union documentation to process transactions and update Credit Union records, maintain all mortgage files from application to discharge, prepare required correspondence, and issue cheques to appropriate parties. Additionally, you will prepare mortgage/loan payout letters, calculate and prepare mortgage renewals, and liaise with solicitors, employees at the registry office, and insurance companies.

Requirements

High school diploma or GED equivalent
Good computer skills
Excellent interpersonal skills, including listening, oral and written skills

Nice To Haves

Post-secondary education with emphasis in business administration would be an asset
Loan and mortgage administration experience would be an asset

Responsibilities

Ensure proper completion of loan, line-of-credit and mortgage documentation.
Assists with the registration and control of Credit Union security documentation, including PPSA, GSA mortgages, collateral mortgages and lodgement title documents.
Initiate and process PPSA registrations and lien searches, review each registration document for accuracy. Highlight irregular items that may have a priority position and report to Commercial Account Managers.
Complete Credit Union documentation to process transactions and update Credit Union records.
Maintain all mortgage files from application to discharge; preparing all required correspondence, and issuing cheques to appropriate parties as required.
Prepare mortgage/loan payout letters, after confirming with Commercial Account Managers. Ensure all fees/penalties are collected and that required discharge documentation is prepared and executed.
Prepare detailed commitment letters pertaining to each loan approved as outlined in the commercial loan application.
Key in mortgage closings.
Calculate and prepare mortgage renewals. Obtain signed mortgage renewals; update mortgage master on computer system reflecting changes in mortgage renewal agreement.
Liaise with solicitors, employees at the registry office and insurance companies on an ongoing basis, review and verify all draft legal documents prior to release of funds and follow for receipt of final reporting letters.
Data check mortgages/loans and mortgage renewals.