Mortgage Operations Analyst

Description:

We are looking for an Analyst – Mortgage Operations to support MZ’s Mortgage Operations group in the day-to-day management of MZ’s loan portfolio including ongoing underwriting and funding activities. The successful candidate will be responsible for updating MZ’s cashflow forecasting tools, assisting in the completion of project loan advances, review and tracking of mortgage discharges, lender correspondence, and supporting with compliance management. This role reports to Director, Mortgage Operations.

The Role

· Loan Analysis

o Assist with review of due diligence provided by Borrower during loan origination to verify accuracy against transaction outline and funding requirements.

o Monitoring of projects on ongoing basis against underwriting to monitor loan coverage and repayment timelines

o Manage MZ cashflow forecasting tools to monitor projects for schedule and budget variances as well as capital requirements

· Mortgage Funding

o Assist in completion of basic initial and progress advances/loan fundings

o Support company wide communication and information sharing to facilitate mortgage advances

o Assist in review of project quantity surveyor reporting

· Treasury Management

o Assist in maintenance of forecasting/cashflow tools to help the company manage Borrower cashflow needs, lender cashflow availability, and corporate revenue

o Extract, assess and develop relevant data from internal and external reporting

· Mortgage Discharge Support

o Assist in preparation of discharge statements and payment requisitions

o Tracking of unit closing discharge amounts and closing adjustments

· Lender Correspondence

o Assist with drafting of updates to lenders participating in MZ mortgages

o Ensure lender communication received in timely manner and direct lender questions where required

· Compliance Monitoring

o Assist compliance department with Borrower follow ups of loan deliverables