Mortgage Representative – Alterna Bank – Ottawa Canada

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Ref:  18-234
Title Mortgage Securitization Representative
Location McRae Office
Scope of Position
 
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages and selling them to third party investors.

The focus of this role is the requirement to collect, validate, review and submit all relevant data to the Treasury Department in a timely manner while ensuring 100% accuracy of the report.
 
This position plays a significant role is ensuring the data provided to the third party investors is precise at the time of submission for securitization reducing the impact on submissions being rejected or having incorrect information.
 
The successful incumbent requires a very high level knowledge of mortgage documents and the banking system with strong attention to detail.

Major Responsibilities

Collaborate with our internal partners to provide support with all securitization files and inquiries.
Act as subject matter expert to our internal partners with respect to the managing of the securitization files and data integrity.
Analyze and apply sound judgment in the resolution of discrepancies with the securitization files.
Oversee quality control of the process.
Identify, investigate and immediately solve all errors or omissions by making the corrections within the banking system and the mortgage documents prior to submission of the files.
Communicate with the appropriate partners to resolve any discrepancies and errors
Communicate with the partners any systemic errors in documentation to reduce future risk
Maintain a 100% level of accuracy when completing the review of the securitization files.
Capture on a monthly basis a report that keeps statistics on all files reviewed and able to be securitized and those rejected due to wrong or missing information

Contacts:

Department Manager and team
All levels of management including ELT
Branch Managers and Staff
Internal Departments (Commercial, BDO, Treasury etc..)
CMHC
Central 1
Genworth
External auditors as required

Qualifications:

Educations/Certifications/Experience

Post-secondary education in a relevant business filed and/or equivalent work experience
2 years of related experience working with mortgage documentation and administration

Knowledge/Skills

Detailed working knowledge of banking system
Very strong knowledge and understanding of mortgage documents and administration
Good knowledge of basic accounting principles an asset
Knowledge of workflow management techniques
Strong knowledge of Microsoft office (Excel and Word)
English-French bilingualism an asset