Quality Control Analyst
Join a happy, growing team! 86% of employees recommend MCAN as a great place to work! XMC leads competitors in growth year-over-year!
PURPOSE OF ROLE
The Mortgage Quality Control Analyst is responsible for reviewing the quality of residential mortgage files prior to funding. This includes reviewing documentation, rationale, accuracy, and completeness of information provided in support of a file. The review is supported by established policies and procedures.
Provide collaborative feedback regarding interpretation of guidelines, policies and procedures to the Underwriting and Fulfillment teams
Make recommendations to the Senior Manager of Strategic Initiatives and Quality Control on Underwriting and Fulfillment best practices to improve internal processes and procedures
Ensure each file complies with the underwriting standards and guidelines prior to funding
Perform a pre-funding review/audit of files and provide approval for funding or provide
observations or findings to the Underwriters and/or Mortgage Fulfillment Officers
Provide support, from time to time, to the Real Estate Analyst in reviewing Appraisals
Ensure any findings have been corrected or addressed appropriately
Ensure turnaround times, service levels and priorities are met for the timely funding of files
Monitoring: Ability to manage the Quality Control work queue in a fast-paced, high-volume environment to ensure service levels are met and files fund on time
Coordinative: Identify trends and provide input into strategies and learning opportunities to improve file and credit quality
Auditing: Complete daily prefunding Quality Control reviews on mortgage files. Identify and assess credit risk issues specific to XMC Mortgage Corporation’s policies and guidelines
Prescribing: Advising the Underwriters and/or Mortgage Fulfillment Officers what deficiencies are present and what needs to be done to ensure files meet internal and regulatory requirements
Post secondary degree or diploma preferred in related area
- 3+ years experience in residential lending and credit risk
- Proven expertise in credit adjudication (Underwriting, Audit/Compliance)
- Proficient in Outlook, Word, and Excel
- Proven ability to foster relationships and the ability to negotiate effectively with intermediaries
- Ability to understand financial statements and assess financial viability
- Exceptional oral and written communication skills
- Self-driven, motivated with the ability to work both independently and in a team environment
- Carries out duties with integrity and takes responsibility for actions
- Time management, highly organized
- Analytical thinking and Attention to detail/accuracy
Some work beyond standard hours
An agile, boutique residential mortgage lender with the experience, the character and the commitment to excellence required in Canada’s evolving real estate market. XMC is proudly owned by MCAN Mortgage Corporation, a federally regulated mortgage investment corporation. Our team is made up of respected industry innovators, influencers and big-thinkers. We do things differently than other lenders. Our business isn’t selling mortgages, it’s building relationships. We’re all about team, how we can make contributions, and our own self development. If you’re excited about connecting - so are we!
MCAN is a niche-strategic investor in the Canadian real estate market focused on three key areas: single-family mortgages, residential construction loans, and other real estate investments. Our targeted approach to growth reflects our expertise and understanding of the needs of investors, clients, partners and the markets in which we invest.
Our people are our best asset - the kind of people you want on your team: smart, collaborative and helpful with a friendly, positive attitude. We are committed to building the company and building team member capabilities. Do you possess and value the same attributes? Are you interested in your own development? Then come join our team!
The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
MCAN is committed to providing accommodation to applicants throughout the job application and interview process. If you require any accommodations, please contact our Human Resources team at 416 847 2461
- Pay Type Salary
- Employment Indicator Perm FT
- Toronto, ON, Canada