Job Description

YOU LOVE BEING PART OF A team WHERE EVERYONE counts.

Posted: 2024-11-12
Closing: Until Filled
Location: Bridgewater Bank

Some people dread the thought of paying bills or balancing their cheque book. Not you. Heck, you’re not even afraid to admit that you get a bit of a thrill from balancing the books. You’re in your element when solving problems and thinking about the big picture, but you also pay close attention to the details. And we like that about you.

WHO IS BRIDGEWATER BANK?

Unlike a traditional bank, we have no branches. This means less time managing logistics and more time focused on you and our ‘why’ – helping you succeed. Our focus is providing honest, straightforward service and financial solutions for everyday living and important life events.

We’re financial service experts with flexible mindsets. Being a smaller bank makes us nimble, and that means we can respond quickly with innovative approaches that don’t need to go through multiple levels of approvals.

Our customers are everything. When you become a customer of Bridgewater Bank you’re like our neighbour – even family – and we treat you that way.

WHAT MOVES YOU

You’re a self-starter who enjoys working independently but who also loves being part of a fast-paced and dynamic team.
You’re all about customer service, whether you’re dealing with internal or external clients.
You’ve got integrity and a strong work ethic in spades!
You’ve been nicknamed “eagle eyes” — your attention to detail is that impressive.

WHAT YOU’LL DO

Report to the Manager, Legal and Recovery
Oversee and guide the foreclosure or power of sale process for mortgage files held by Bridgewater Bank.
Communicate daily with various internal and external partners, ensuring the legal action is moving forward in the process. Communication takes place via email, phone, and external platforms.
Mitigate possible losses by controlling the costs incurred to protect our security in the property, the cost of the legal action and negotiating the sale price of properties that have been through the legal action.
Complete regular loss provisioning on each mortgage file in excel, outlining costs incurred and anticipated sale value as well as hypothetical losses based on possible title issues or extensive wear and tear to the property.
Negotiating the final sale price of a property, which may determine the loss or profit Bridgewater Bank may incur
Report accurate and complete financial and operational data to internal parties within established timeframes.
Oversee the legal action from beginning to end, commencing the action with the law firm, reviewing, and negotiating payment arrangements, correcting title defects, and completing the sale or transfer to the mortgage insurer.

WHAT YOU’VE DONE

You have at least 3 years of foreclosure or power of sale experience.
You have a demonstrated ability to adapt to new systems, working knowledge and proficiency with Microsoft Office Suite products.
You may also have knowledge of the Wealthview Banking and Collectlink Platform (not a requirement).
You have strong analytical and problem-solving skills.
You have an excellent ability to prioritize and manage multiple files.

WHAT YOU'LL GET