THE WORK

As part of a growing and dynamic commercial team, the Commercial Mortgage Underwriting Associate CMHC is responsible for supporting the underwriting team from receipt of deal through to the funding stages for document fulfilment and review, loan set-up and reporting. They will ensure compliance with the Company’s established lending and AML guidelines and specific deal requirements manner in order to achieve service goals and department-level targets. Additional duties include assistance with the management of loan maturities, maintenance of team pipelines, Ad-Hoc reporting and special projects required by senior management. The incumbent will be working closely with the Commercial underwriting team, Commercial Funders and Administrators and other internal departments.

• 60% On a daily basis, the incumbent will support the Commercial Underwriting team with the ongoing management of active loans. Specifically, the incumbent is responsible for prompt set-up of new loans on SIT and RAISE as well as data management and the processing of CAFS for all approved loans. In addition, the incumbent will further support Underwriters with due diligence required to obtain Credit approval on new transactions. Activities may include the review and analysis of financial statements, lease agreements and other 3rd party documents. Attention must be made to ensure that compliance with the company’s established lending guidelines and procedures, along with AML guidelines, are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner. Additional duties include loan modification requests, various ad-hoc request along with other day-to-day requirements.
• 25% On a daily basis, the incumbent will engage in regular communication, analysis/judgement and follow-up with Lending Partners and various internal colleagues to ensure that timely status updates on loan maturities are recorded. The incumbent is also responsible for processing loan maturities, extensions and renewals on SIT and RAISE on a timely basis to meet the requirements of securitization and origination timelines.
• 10% On a daily basis, the incumbent will communicate with external contacts (partners) and internal contacts (funders, managers, administrators, and QA) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and meet closing deadlines.
• 5% - On a daily basis, the incumbent will be responsible for the preparation of specific departmental pipeline reports that will be relied upon by Management. (This includes designing and formatting Cyberquery and Excel-based reports)