Mortgage Broker Manager (Principal Broker)

8Twelve Mortgage Corporation, a Canadian Mortgage Brokerage Located in Toronto, that is revolutionizing the home financing experience by providing borrowers with a seamless platform to meet all their mortgage needs, using our proprietary cloud platform, INFIN8 to leverage real-time analytics and AI to streamline the approval process is seeking a Mortgage Broker Manager (Principal Broker) to join the team.
8Twelve Mortgage Corporation offers the best possible financing solutions. With partnerships with over 60+ lenders, including major banks and private lenders, we offer Canada's largest selection of mortgages in one convenient marketplace.

We are a people-centric company that values collaboration, innovation, and personal growth. We believe in giving our employees a voice and empowering them to make a difference. The Mortgage Broker Manager (Principal Broker) will be responsible for overseeing the business conduct and compliance of the brokerage. You will ensure that all mortgage brokers and agents comply with the relevant laws, regulations, and ethical standards. You will develop and implement compliance policies and procedures to meet the requirements of the Mortgage Brokers Licensing Act, Financial Services Regulatory Authority of Ontario, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and other applicable laws, and regulations.

In addition to managing compliance, you will also provide guidance and support to mortgage brokers and agents, helping them navigate complex mortgage applications and deal structuring. You will collaborate with internal teams to optimize workflow processes and enhance efficiency within the brokerage.

Corporate Office Location: 45 Sheppard Ave,E. Suite 211, Toronto, ON. Canada. M2N 5W9

Work Location: 45 Sheppard Ave,E. Suite 211, Toronto, ON. Canada. M2N 5W9

Start Date: As soon as possible.

Type of Position: Full time, Permanent

Position Available: 1

Hours Per Week: 40

Salary: $136,000 to $146,000 (To be Negotiated)

LANGUAGE

• English

EDUCATION

• Completed College or Bachelors degree in Business Administration, management and operations,
• Commerce, Law or any related field.

EXPERIENCE

• Minimum of 5 Years of experience in the mortgage industry and/or financial services industry

KEY RESPONSIBILITIES

• Act as the chief compliance officer for the mortgage
• Ensure compliance with all relevant laws, regulations, and industry standards
• Develop and implement compliance policies and procedures in accordance with relevant laws and regulations
• Provide guidance, training and support to mortgage brokers and agents
• Review and evaluate complex mortgage applications
• Collaborate with internal teams to optimize workflow processes
• Stay updated with industry trends and regulatory changes
• Manage contracts
• Conduct Internal audits, assessments and investigations to ensure compliance with company polices and external laws and regulations.
• Ensure appropriate business/regulatory licensees are in place
• Create and maintain compliance risk management programs

Requirements

• Must have a valid mortgage broker license
• Extensive knowledge of mortgage lending and industry regulations
• Strong understanding and in-depth knowledge of the Mortgage Brokers Licensing Act and other relevant laws
• Excellent communication and leadership skills
• Ability to manage and motivate a team of mortgage brokers and agents
• Detail-oriented with strong analytical and problem-solving abilities
• Proficient in using mortgage lending software and technology platforms
• Time management

Benefits

• Extended Healthcare Plan (Medical, Dental & Vision)
• 10 days paid annual vacation
• Discretionary bonus
• Employee Stock Options

We are an equal opportunity employer and are committed to providing employment spaces in accordance with the Human Rights Code of Canada and the Accessibility for Persons with Disabilities Act of Canada.

If you are a motivated and experienced Mortgage Broker looking for a challenging role in a dynamic and innovative company, we would love to hear from you.

We encourage you to send us a cover letter and Resume in confidence (Include email address and contact)

We thank all applicants who applied for the position, however only those shortlisted will be contacted for an interview.