Remote Funding Specialist

FundingFull TimeOntario

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Position: Funding Specialist

Reports To: Manager, Fulfilment and Funding

Company: Magenta Capital Corporation

Supervises: 0

Location: Remote/Virtual Travels: 0%



About Magenta


Magenta is one of Canada’s largest and most established Canadian Mortgage Investment Companies on the verge of an exciting scale-up. Since 1994, Magenta Capital Corporation has provided flexible mortgage solutions that truly help our borrowers. As a leader in the alternative mortgage lending space, we partner with brokers to solve their client’s short-term credit challenges and facilitate their return to traditional lending channels. Magenta sources, underwrites, and manages a portfolio of mortgages secured by properties located in Ontario.


Most importantly, Magenta is now poised to make a giant leap forward in its corporate evolution as it takes advantage of the generational opportunity in the alternative mortgage market. If you are a dynamic professional with an entrepreneurial spirit that wants to be an integral part of this unique opportunity, then we want to meet you.


About your role


Reporting to the Manager, Fulfilment and Funding, the Funding Specialist reviews legal documentation to ensure accuracy within the established guidelines, allowing mortgage loans to be funded on scheduled closing dates. The ideal candidate for this role is enthusiastic and has remarkable attention to detail and is someone who thrives in a fast-paced, entrepreneurial environment. This role is constantly evolving and we're always looking for great people! This is a great opportunity for someone looking to learn more about the mortgage industry.


What you’ll work on:


- Maintaining positive relationships with solicitors

- Preparing and sending applicable solicitor instruction packages

- Liaising with solicitors to collect all required closing documentation

- Reviewing legal mortgage documentation to ensure that it matches committed terms and follows established regulator and company guidelines and policies

- Escalating any documentation issues to the Junior Underwriter and/or Manager for review and sign off

- Coordinating with team members to release mortgage funds on a timely basis

- Creating and maintaining clear and complete notes within the mortgage underwriting system

- Responding to all inquiries within established turnaround times

- Assisting management with ad-hoc requests, special projects and new initiatives as required


What you need:


- University/College Degree in a relevant field or equivalent experience

- Full Covid Vaccination Status


What you should have:


- Experience working in a small-medium sized office environment

- Previous experience within the Financial Services sector, within the Mortgage Industry or within the legal space is an asset

- The ability to maintain positive relationships

- Strong aptitude for service excellence

- Ability to deal with conflict

- Strong organizational and time-management skills while maintaining attention to detail

- Working knowledge of Microsoft Office

- Ability to manage pressure in an environment of high-volume processing with tight turnaround times

- Proven ability to work both independently and collaboratively within a team environment

- Excellent English communication skills (verbal and written)

- Excellent interpersonal skills

- Ability to build rapport and communicate appropriately with clients and peers

What we offer you:


- The opportunity to be a key contributor to our continuing success story

- The opportunity to think outside the box – all day and every day

- Magenta’s Employee Share Ownership Plan (“ESOP”) – be an owner

- $45,000-$50,000 commensurate with experience

- Employer-paid benefits

- Equity Share Ownership Plan Flexible work arrangements

A Message from our founder and CEO:


- “If you believe that tomorrow matters,

- If you and only you can define your tomorrows and write your own unique, epic life story,

- If you want to be part of a dynamic team with that shared conviction,

- If you want to be part of a great Canadian business success story,

- If you want to be an owner and not just an employee,

- Then we want to meet you”


~Gavin Marshall~


If you are committed to tomorrow, please send your resume to cthrussell@magentainvestment.ca


While we thank all candidates who apply, only those who best match the above criteria will be contacted.


We are committed to an inclusive, barrier free recruitment and selection process, and work environment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). We will be happy to assist applicants requesting accommodation at any stage of the hiring process.