Company Profile
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
Position Overview
This is a specialized position within Commercial Underwriting that will assist in the oversight of the existing commercial mortgage portfolio. The Manager, Commercial Portfolio Management is responsible for underwriting large commercial mortgage renewals and annual reviews in accordance with on-going regulatory, risk and compliance requirements. Additional credit related and management duties are also required to support the Commercial Portfolio Management team and regulatory requirements.
Position Responsibilities
- Analyze and underwrite commercial mortgage renewals and annual reviews for multi-residential, non-residential and construction facilities including detailed analysis of the borrower, real estate security and loan terms as well as identifying any associated risk.
- Communicate on a regular basis, with direct clients, third party servicers or internal partners regarding mortgages that are maturing and/or coming up for annual review. Request due diligence materials and follow up for any outstanding conditions precedent to renewal/annual review.
- Ensure all criteria has been satisfied on underwritten commercial mortgage renewals/annual reviews and outstanding documentation/conditions, if any, are being met in a timely manner.
- Maintain workflow and complete the underwriting of annual review and renewal files within the target amount of time
- Underwrite and process assumption requests as required.
- Attain service standards for processing all mortgage transactions in accordance with Company policies and procedures.
- Assist in the overall management of the Commercial Mortgage Portfolio, including the management of any special requests and problem loans as required.
- Escalate issues/obstacles/trends to the Senior Manager, Commercial Portfolio Management as appropriate with recommendations/solutions.
- Assume a leadership position within the team and support the Senior Manager, Commercial Portfolio Management to manage special requests and fluctuations in workflow.
- Assist in coaching, mentoring and training Portfolio team members as required.
- Ensure all transactions adhere to and are appropriately risk rated with a sponsor, property and aggregate rating
Related Experience
- 3-5 years in commercial mortgage lending, financing of multi-residential & non-residential properties; construction lending
- Underwriting and finance background
- In depth understanding of commercial mortgage industry
Skills
- Strong organizational, time-management and analytical skills to work effectively within established guidelines
- Able to multi-task and flourish in a fast-paced, deadline-driven work environment
- Well-developed negotiation, influencing skills
- Strong interpersonal relationship building and listening skills
- Proven ability to work both independently and collaboratively within a team environment
- Excellent written / verbal communication and professional maturity
- Understands Home Trust Company’s lending criteria and culture
- Remains current on OFSI Guidelines and other applicable legislation
- Strong knowledge of MS Office, loan origination software
Acknowledgement
All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Customer Complaints Appeals Office (CCAO), Compliance Hotline, Whistleblower Policy, etc).
Home Trust is committed to fair and accessible employment practices and we are committed to providing accommodations for persons with disabilities. If you require accommodations in order to apply for any job opportunities, or require this posting in an additional format, please contact us at humanresources@hometrust.ca or 416-360-4663. If you are contacted by Home Trust regarding a job opportunity or testing and require accommodation in any stage of the recruitment process, please use the above contact information. We will work with all applicants to determine appropriate accommodation for individual accessibility needs.
