Legal Analyst

Description:

Reporting to the Director, Legal, the Legal Analyst will assist in managing and documenting MZ’s underwriting and funding activities. The Legal Analyst will be responsible for preparing regulatory documents related to funding loans and issuing advances, managing all security documentation required to close the loans and advances, coordinating with external legal counsel in the preparation, negotiation, execution and processing of all documentation, coordinating internally with Account Managers, Project Managers and Analysts, as well as the financial group to coordinate fundings and advances.

The Role

Mortgage Funding:

• Coordinate with lawyers and insurance consultants on new transactions and follow through to completion of registration of security.
• Communicate with lawyers with respect to discharges, amendments, and collecting funding conditions.
• Assist with the review of commitment letters, amendments, renewals.
• Assist in preparation of mortgage documents for various lending partners.
• Tracking deal status via our online portal and managing various checklists and trackers.
• Staying up to date on applicable regulations.

Mortgage Administration:

• Assisting in coordinating various legal agreements related to ongoing projects with external counsel.
• Coordinate documentation of amendments and renewals.
• Assisting in any Special Loans activity, including default/receivership proceedings as required.

Mortgage Discharge Support:

• Assist in preparation of discharge documentation and payment requisitions.

Compliance Monitoring:

• Assist compliance department with Borrower follow ups of loan deliverables.
• Prepare notices/reminders to Borrowers to ensure timely deliver of loan obligations.
• Assist in documenting of contractual mortgage renewals, extensions, and amendments.

Administration:

• Tracking and processing of legal invoices.
• Assist with lender onboarding process for new clients.
• Participating in ongoing initiatives with respect to process improvements.