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Default Specialist

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Job Summary

CareerView Inc.
Toronto, ON
Financial Services
Job Type
Full Time
48,000.00 - 50,000.00 $ /year

Default Specialist

About the Job


Mid Town financial institution is seeking a seasoned Default Specialist to administer delinquent accounts while minimizing losses.  The incumbent will:  prepare and forward loans for legal action for non-payment, tax arrears, past matured loans, insurance cancellations, bankruptcies and liens and grow-ops; discuss and recommend appropriate legal remedy with management; complete full review and investigation of the file prior to providing instructions to the solicitor; instruct solicitor to commence legal action; communicate with lawyers, brokers and agents; prepare mortgage statements; monitor legal action status on a daily basis; obtain appraisals and list the property as required; obtain updates from agent until property is sold; negotiate the Agreement of Purchase and Sale; ensure that claims to CMHC/Genworth are submitted in a timely and accurate manner and identify ways to mitigate losses while preserving properties during legal.  The successful candidate will have detailed understanding of commercial and residential power of sale and foreclosure proceedings in all provinces and must possess the ability to accurately prepare various critical reports in a timely and accurate manner for Senior Management.


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