Associate, Mortgage Operations

KingSett Capital is seeking an Associate, Mortgage Operations to join our Mortgage Operations team. Reporting to the Associate Director, Mortgage Operations, you will be responsible for various operational functions, including mortgage loan repayments, portfolio expiry reporting and analysis.
LocationToronto, ON
Role ResponsibilitiesLoan Repayments
Compile supporting documentation and data and analyze unit or lot closings for development projects to ensure minimum net proceeds are in line with underwriting criteria and security release conditions.
Prepare partial and full discharge statement packages for review and approval, including confirming that repayment conditions are met.
Review servicer-prepared partial and full discharge statements, including reconciling the correct amount due, accounting for outstanding payments or fees, coordinating required revisions, and providing recommendations for approval.
Review discharge documentation and provide recommendations for execution.
Complete daily reconciliations of mortgage bank accounts and servicer remittances to ensure repayment funds are identified and allocated to the correct mortgage loans.
Reconcile discharge funds received and ensure any discrepancies are resolved.
Liaise with solicitors, loan servicers, loan investors, and borrowers to ensure the full loan repayment lifecycle is completed.
Post loan repayments to the mortgage servicing system.
Communicate with Finance and loan investors regarding repayment activity.
Portfolio Expiry Reporting and Analysis
Analysis of monthly expiry reports from mortgage servicing system to track outstanding and upcoming expiries for property insurance, PPSA registrations, property tax confirmations and receipt of closing books.
Following up with borrowers and loan servicers for updated information including preparation and tracking of follow up correspondence.
Updating of mortgage servicing system to reflect new expiry dates.
Coordinating renewals of PPSA registrations as required.
Oversight of insurance renewals and comparisons to originally approved insurance coverage, ensuring appropriate coverage is in place and escalating any deficiencies.
Review of closing books using established checklist against specific loan security requirements ensuring completeness and identification of any outstanding documentation or potential issues.
Analysis and processing of borrower, third party loan servicer or loan partner requests, as required.
Participating in annual property tax confirmation process including tracking outstanding confirmations, obtaining information as required from various municipalities and the preparation of a monthly tax memo for management reviewing and outlining property tax status and any potential issues.
Mortgage impairment insurance reporting and preparation of E & O and Mortgage Impairment insurance renewal applications.
Candidate ProfileUndergraduate degree in Business, Finance, or a related field.
3 - 5 years of experience in financial services or mortgage administration.
FSRA Mortgage Agent Level 1 or 2 licence preferred.
Knowledge or commercial mortgage products, legal documentation, and servicing processes.
Strong technical aptitude, with a keen interest in process improvement, automation, and operational efficiency.
Organized, detail-oriented, and solutions-driven professional who delivers accurate and timely results.
Excellent communication skills with the ability to collaborate effectively across all levels, both internally and externally.
CompensationBase salary range of $90,000-$110,000.Total compensation includes salary, variable discretionary bonus, benefits, & other perks.
KingSett Capital is committed to accommodating applicants with disabilities throughout the hiring process, in accordance with the Accessibility for Ontarians with Disabilities Act (AODA).
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