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Nesto Group(e)

Funds mortgages and builds lending software

Commercial Mortgage Operations Administrator

Retail & Commercial BankingUpdated on Nov 14
Full-time$50k - $70k /yrIn-person

About the Job

Requirements

  • Strong organizational skills and meticulous attention to detail.
  • Proficiency in analytical and numerical skills.
  • Intermediate to advanced Microsoft Office skills.
  • Professionalism, judgment, and integrity.
  • Motivation, process orientation, and strong administration and operations skills.
  • Ownership and accountability for work, ability to meet tight deadlines, and discretion when handling sensitive or confidential information.
  • Excellent written and verbal communication skills in English and French.
  • An undergraduate degree, or nearing completion of an undergraduate degree, in Real Estate, Business Administration, Math, Accounting, Insurance, or Economics.

Responsibilities

  • Work with borrowers and external clients to obtain documentation needed to ensure compliance with loan agreements, including collecting, verifying, and tracking financial and property data, property-tax payments, insurance renewals, and loan-security documents.
  • Facilitate funding for mortgages originated through third-party clients and assist with administration of construction advances.
  • Record post-funding transactions in the commercial loans management system, documenting and cross-referencing security and borrower details, payment terms, holdbacks, undertakings, and other relevant information against source materials.
  • Manage and execute follow-up tasks associated with the mortgage life-cycle process.
  • Calculate interest adjustments, prepayment penalties, monthly tax components, and interest accruals.
  • Oversee monthly remittances, reconcile trust accounts, and manage automated and manual reporting for internal and external clients.
  • Ensure correspondence with borrowers and lenders adheres to company policies.
  • Process post-closing lending-cycle transactions accurately according to team-function requirements.
  • Develop proficiency in other team functions to serve as a function floater, including Borrower Relations, Collections and Investor Relations, and Collateral Management.
  • Implement controls to safeguard the mortgage-loan system's integrity and information accuracy.
  • Conduct peer checks within the team.
  • Attend team and department trainings and meetings and provide recommendations for improved practices.
  • Manage physical and electronic client-file and database organization.
  • Manage internal and external client and customer relations to facilitate information requests.
  • Respond to routine data-collection requests and input data into spreadsheets, standard reports, and internal systems.

Desired Qualifications

  • Experience in the banking, credit union, or financial-services industry.
  • Experience in construction-loan operations.
  • Experience in loan funding.

About the Company

Nesto Group(e)

Funds mortgages and builds lending software

Nesto Group(e) is a Canadian mortgage finance and technology group serving homebuyers, commercial borrowers and financial institutions. Its nesto and CMLS businesses arrange, fund and administer loans, from home purchases and renewals to financing for property owners and developers. Nesto Cloud builds software that takes lenders through applications, loan assessment and ongoing loan servicing, using automation to reduce manual document processing. The group also runs Compare Mortgages, where Canadians compare products and rates from lenders and brokers before choosing financing. Its operating roots date to nesto's founding in 2018, and its businesses work across Canada.

Company size
Not listed
Company stage
Not listed
Total funding
Not listed
Headquarters
Montreal, Canada
Founded
2018

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