Lee & Associates Commercial Real Estate Inc. is looking for a motivated and experienced commercial mortgage broker with previous industry experience to join the Toronto office as a Principal Mortgage Broker. In this position, you will work with various commercial asset classes. We will provide targeted leads, training, and continued support as well as marketing assistance. The position of Principal Mortgage Broker reports to the President and provides an opportunity to build a focused career in the commercial mortgage industry.
2-4 years of experience as a Commercial Mortgage Broker
Client focus in either financial services, capital markets, and /or banking industry
Experience in working in a fast-paced environment
Ability to work with excel, calculate debt service coverage ratios, and other related concepts
Understanding cash flows for business and real estate
Complex debt structuring - Capital Stack Structuring and a basic knowledge of accounting
Experience with commercial real estate assets will be considered as an asset
Responsibilities & Duties
Shall ensure all mortgage transactions are compliant with the Mortgage Brokerages, Lenders and Administrators Act, 2006 and regulations.
Responsible for the conduct of the Mortgage Brokerage and its Brokers and Agents
Responsible for developing policies and procedures on verifying clients’/borrowers’ identities,
Develop, maintain, and ensure that the Mortgage Brokerage’s policies and procedures manual is adequately designed, and to make recommendations for changes or amendments.
Develop and maintain online library of Mortgage Brokering Forms and transaction documentation.
Manage inbound leads, online, by phone, or in-person
Ability to convert the leads to closed mortgage applications
Provide new and existing customers on adequate advice based on the customers’ financial needs
Obtain and analyze pertinent financial and credit data
Analyze current programs to provide accurate and timely information to customers
Negotiate terms and conditions of mortgage loans with applicants
Act as primary liaison with borrowers (customers), and other company members to facilitate a prompt and efficient loan closing
Mortgage application process for clients
Maintaining your FSCO Certified Mortgage Broker designation
Ensure compliance with policies and procedures including legal, ethical, and regulatory requirements
Keep informed on trends and developments in the local real estate market, as well as the changing rules and regulations, pertaining to both private and government-insured mortgages
What sets us apart?
Lee & Associates is the largest firm of its kind in North America. Our structure makes our culture unique and attracts likeminded entrepreneurs who leverage their expertise to spur innovation and help Lee & Associates sustain a competitive advantage. As owners of the company this separates them apart from their competition and creates one common goal; to provide seamless, consistent execution and value driven market-to-market services to their clients.
Every Lee office is owned and operated by the real estate professionals and deliver world class service to an array of regional, national and international clients--from small businesses and local investors to major corporate users and institutional investors. Our professionals combine the latest technology, resources and market intelligence with their experience, expertise and commitment to superior service to optimize your results. Since 1979, Lee & Associates has been attracting the best and brightest in the industry. Now a powerful national network of top professionals, the company enjoys its hard-earned reputation as a top tier national commercial real estate services provider.