Home Financing Lending Manager

Scotiabank; Montreal; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Montreal seeks a Home Financing Lender Manager to enhance its mortgage business. The successful candidate will oversee a designated portfolio of Home Financing Advisors, ensuring compliance with credit standards and operational guidelines. Expected skills include extensive experience in real estate secured lending and a solid underwriting track record. The role requires effective communication and bilingual proficiency in French and English, reflecting the institution's commitment to inclusivity.

Benefits

Inclusive and accessible work environment

Opportunities for personal and professional growth

Qualifications

• 5 years working experience, preferably in mortgage lending.
• Extensive experience in real estate secured lending.
• Knowledge of Bank mortgage products and credit adjudication.

Responsibilities

• Grow residential mortgage business from designated HFAs.
• Ensure compliance with operational, AML/ATF/sanctions risks.
• Monitor mortgage borrower performance and take corrective action.

Skills

Underwriting track-record

Interpersonal skills

Attention to detail

Knowledge of real estate market

Bilingual in French and English

Education

University Degree preferred

Tools

Computer underwriting program

Job description

Purpose of Job

The Home Financing Lender Manager is responsible for growing residential mortgage business from a designated portfolio of Home Financing Advisors (HFA) as defined by objectives within a Balanced Scorecard (BSC), including: 1. Financial Objectives: mortgage and secured line of credit product acquisition, customer acquisition, cross-sell, national financial plan met/exceeded. 2. Operational Effectiveness: credit quality objectives, turn‑around time, SLA adherence, compliance requirements, organized and efficient submissions of applications, etc. 3. Customer: customer experience satisfaction (B2B, B2C and HFA and 3rd party stakeholders).

Within the HFS customer segmentation model (Achiever, Builder and Starter tiers of HFAs), HFLMs will focus their attention on developing a portfolio of Achiever HFAs, providing them with high levels of service including underwriting and Condition Fulfillment activities.

Is this role right for you? In this role you will:

Understand how the Bank's risk appetite and risk culture should be considered in day‑to‑day activities and decisions.

Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Champions a high performance environment and contributes to an inclusive work environment.

Underwriting:

• Determining and obtaining all pertinent credit information such as proof of income, down payment confirmation etc., and conducting appropriate due diligence in order to meet the bank's credit and quality standards, including anti‑money laundering and anti‑terrorist financing standards and maintain the bank's desired reputation with the public and regulators.
• Accurately inputting data to computer underwriting program and determine a "pass", "fail" or "further consideration" decision for each mortgage application.
• Within a designated discretionary limit for mortgage applications which are "passed" by the system, approve, decline, or present alternatives that meet Scotiabank's Risk tolerance for mortgage transactions and recommend to a higher level those which are qualified for further review if the incumbent considers them to be credit worthy.
• Issuing and following‑up on commitments. Obtaining Mortgage Insurer approval for insured loans.
• Ordering and reviewing appraisals for all conventional mortgages.
• Assembling, analyzing and ensuring receipt of all relevant information and documentation prior to onward submission of the file to the Mortgage Administration Department for timely instruction to solicitors.
• With the assistance of statistical information provided by the supervisor or other areas of the bank, monitor mortgage borrower performance and take appropriate action to ensure that sub‑standard performance is corrected or if it is not, take appropriate action to terminate the relationship with the HFA.
• Monitor HFA activities and bring any activities which appear worthy of further investigation to the attention of appropriate bank officers (supervisor, Senior Mortgage security Specialist or S&I). Effectively communicating Bank lending policy and procedures, instilling a thorough knowledge of our lending requirements, and qualifying parameters.

HFA Support:

• Maintaining an appropriate level of regular contact with the established HFA portfolio.
• Providing support tools to assist HFA's with their client interactions (product information, pricing and ways to counter objections and solidify deal).
• Developing knowledge of our products, policies and processes to improve the efficiency of each HFA relationship.
• Tracking and monitoring performance for improvement of efficiency or managing appropriate action in the event that all efforts to improve fail, which may include recommendations to the Director HFLMs for movement of HFAs from HFLM support to regional underwriting centre (ACMUC).
• Interacting with Senior Manager of Sales (SMS) and Regional Director (RD) for coaching and development purposes of HFAs, specific to deal quality and operational effectiveness.

Do you have the skills that will enable you to succeed in this role? – We'd love to work with you if you:

• University Degree preferred
• 5 years working experience
• Underwriting track‑record with authority limits
• Extensive experience in real estate secured lending
• Knowledge of and experience in dealing with mortgages generated by HFA's and the mortgage industry in general
• Expert knowledge of Bank mortgage products, and all the policies / procedures, relating to the credit adjudication and funding of the products
• Proven interpersonal and communication skills to deal with the demands of HFA's and to be able to tactfully relay unpopular messages
• Sound organizational skills with ability to prioritize and give close attention to detail
• Thorough knowledge of the pertinent Real Estate market, competitor innovations, trends and developments
• Thorough knowledge of mortgage related products (Mortgage Insurance / Insurance, other credit products, deposit products and etc.)
• Knowledge of Bank external marketing programs
• In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Quebec : Montreal
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.