Founded in 1974, CMLS Financial is Canada's Mortgage Company and one of the nation's largest independently owned mortgage services firms. With over 45 years of experience and $20 billion in assets under administration, we service mortgages for a diverse range of investors, including banks, insurance companies, investment managers, private lenders, and commercial mortgage-backed security (CMBS) trusts. Our diverse platform and customer-forward approach create a wide range of client options and a path for a very rewarding career.

About The Role:

We are looking for a motivated self-starter to join our Toronto team as a Senior Funding Officer, Commercial Mortgages. Reporting to the Team Lead, Commercial Funding, you will manage an extensive portfolio of commercial, multi-family residential, and industrial properties across Canada. You will leverage your detail-oriented focus, sound decision-making, and coordination skills to review commitment letters and coordinate the funding of mortgages originated through our national broker network.

The Commercial Funding team currently maintains a hybrid schedule, working in the office three days a week. Our address is 18 York Street, Suite 1500 Toronto, ON M5J 2T8

In This Role You Will:

• Coordinate loan closing by instructing the solicitor and external property insurance consultant, ensuring all requirements are met, including commitment changes being addressed and deposits are 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.
• Review corporate structure and documentation to ensure compliance with FINTRAC legislation.
• Coordinate closings with investors (CMLS has multiple), ensuring all investor requirements are met and investor approvals are received.
• Coordinate the locking of the interest rate, ensuring all pre-rate lock conditions are satisfied and investor requirements regarding the timing of the 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 the setup of all loan details in the commercial loans management system.
• Ensure compliance with policies and procedures, including legal, ethical, and regulatory requirements.

Qualifications:

• You have experience in the commercial mortgage industry, preferably in mortgage funding.
• You have completed either an undergraduate degree or other post-secondary education.
• You are detail-oriented.
• You possess strong organizational skills.
• You take ownership of your work and demonstrate a high degree of accountability and commitment at all times.
• You have excellent communication skills, both written and verbal, and are able to work well independently as well as within a team environment.
• You are able to multi-task and adapt to a variety of responsibilities.
• You are results-driven.

Nice to haves:

• You are bilingual in French and English.
• You have an interest in real estate.

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 are able to gain valuable exposure, have lots of learning opportunities, and truly impact the 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.

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