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Mortgage Default Officer

🏢
Equitable Bank
📍 Toronto, Canada
📍
Location Toronto
📅
Posted March 23, 2026
🚗
Commute Local Area
🎯
Local Opportunity Near You!

This job is in your area. Enjoy a short commute and work close to home.

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Job Description

The Core Responsibilities!

  • Manage loans for both commercial and residential portfolios in enforcement action from the initiation of legal action through litigation, sale liquidation, mortgage insurance transfer and the claim process as required.

  • Actively manage assigned accounts upon commencement of mortgage enforcement (Power of Sale and Foreclosure) until the mortgage is either up to date, paid out, sold, or transferred to the mortgage insurer and where applicable, the claim is paid by the insurer. 

  • Liaise with internal and external parties such as lawyers, real estate agents, property managers, and mortgage insurers to obtain best result for the Bank. 

  • Ensure all accounts and required activity are completed and documented within the established timelines. 

  • Analyze and recommend resolution strategies. This includes, but not limited to, recommendations for provisions, financial loss calculation/reconciliation, an...

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    📍 Location Details

    🌆
    City
    Toronto
    🗺️
    Country
    Canada
    🚗
    Commute
    Local Area

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