Credit Funding Associate

Kawartha Credit Union; Peterborough; On-site; CAD 60,000 - 80,000; Full time

Job summary

A financial services institution in Peterborough is seeking a Credit Funding Associate to ensure accurate loan and mortgage documentation. This hybrid role involves maintaining mortgage files and liaising with various parties while adhering to a culture of diversity and inclusion. Candidates should possess strong interpersonal and computer skills, along with relevant educational qualifications.

Qualifications

• High school diploma or GED equivalent required.
• Post-secondary education with emphasis in business administration is an asset.
• Loan and mortgage administration experience is beneficial.

Responsibilities

• Ensure proper completion of loan and mortgage documentation.
• Maintain all mortgage files from application to discharge.
• Initiate and process PPSA registrations and lien searches.

Skills

Interpersonal skills

Computer skills

Listening skills

Oral communication

Written communication

Education

High school diploma or GED equivalent

Post-secondary education in business administration

Job description

Overview

Credit Funding Associate — Permanent Full-time

Location: Peterborough, ON (Hybrid Work Arrangement)

Hours: 40 hours per week, Monday to Friday

Rate of Pay: Dependent on experience

Responsibilities

• Ensure proper completion of loan, line-of-credit and mortgage documentation.
• Assist 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; prepare all required correspondence, and issue 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.

Qualifications

• High school diploma or GED equivalent
• Post-secondary education with emphasis in business administration would be an asset
• Loan and mortgage administration experience would be an asset
• Good computer skills
• Excellent interpersonal skills, including listening, oral and written skills

At Kawartha Credit Union diversity and inclusion are reflected in our core values and highlighted in our care for others. We take pride in providing a workplace that appreciates difference and encourages respect. We are committed to providing a culture that is accessible and inclusive for both our members and employees. If you require accommodation during the recruitment and selection process, please let a member of our Human Resources team know.

If you are interested in pursuing a career in the financial services industry with a dedicated, enthusiastic team of professionals in a growing organization that supports an inclusive barrier-free recruitment and selection process, apply now!