We are hiring BIPOC Summer Interns!

First National is Canada’s largest non-bank lender, originating and servicing both commercial and residential mortgages since 1988. Over the past thirty years, we have been committed to hiring the best and brightest with over 1,300 proud team members. Through cooperation, ongoing coaching, development opportunities and a culture that celebrates both hard work and teamwork, First National team members are supported to lead, learn and grow.

This summer, First National is putting a greater emphasis on providing opportunities to post-secondary students who face barriers in getting into the financial services world. We are offering 10+ Residential Mortgage paid internship opportunities for students from BlPOC (Black, Indigenous, People of Colour) communities to develop their careers and gain meaningful, professional experience in the financial and mortgage sectors.

If you are a member of the BIPOC community, are currently enrolled in a business, finance, or a related post-secondary program, and looking for a valuable paid internship opportunity this summer to help build your professional experience, the First National summer internship positions could be a perfect fit!

Ready to apply to the First National Residential Mortgage Summer Internship positions and join our dynamic team? Send your resume and cover letter to fninternships@careeredge.ca and make sure to answer the following questions in the body of your email:

  1. Are you legally eligible to work in Canada?*
  2. Do you require any accommodations?

*Should you have a study permit or co-op work permit, please send a copy of this as well as part of your application.

Applications that do not include their responses to the above two questions will not be considered.

Internship Details

As a residential mortgages intern, you will assist in the instructing, advancing, and closing of mortgage files.

  • Check with law society for entitlement of solicitor
  • Check information to ensure accuracy, i.e. correct lender, CMHC/GE approval
  • Contact solicitor to confirm that he/she is acting on mortgagor’s behalf
  • Prepare and send applicable instructional package to solicitor along with relevant documents
  • Follow up with solicitor to obtain advance request
  • Organize mortgage file in correct order
  • Check the request for funds from the solicitor
  • Send the mortgage advance sheet to the accounting department
  • Send the solicitor a list of outstanding conditions, mortgage commitment and mortgage advance breakdown
  • Contact solicitor when funds are ready
  • Follow up with solicitor prior to closing
  • Contact solicitor to advise that funds can be released
  • Ensure that all conditions have been met, all documentation has been received and that file is complete on the day of closing
  • Close files in the system and send to accounting department
  • Review solicitor mortgage documentation to ensure it corresponds to the terms of the commitment and is in compliance with established regulatory and company guidelines and policies
  • Escalate any documentation issues to the Underwriter and/or Manager for review
  • Coordinate with mortgage accounting for the release of mortgage funds on a timely basis
  • Respond to all inquiries within the established turnaround times
  • Adhere to policy/procedures to ensure AML and Quality Assurance requirements are met

The Requirements Needed

  • Strong communication skills, verbal and written
  • Currently enrolled in a related post-secondary program
  • Identify as a member of BIPOC
  • Proven organizational skills and demonstrated ability to prioritize and multi-task
  • Demonstrated ability to work under pressure and maintain a calm focus during hectic periods
  • Competency in MS Office; capacity to learn new technologies/systems

Why Join First National

  • Supportive teamwork focused environment
  • Collaborative entrepreneurial spirit
  • Opportunities to give back to the communities and work through events focused on a variety of charities
  • Ongoing social events throughout the year
  • Extensive training programs to set our employees up for success
  • Coaching/mentoring
  • Experiential learning opportunities
  • Networking
Title: Residential Mortgages Summer Intern
Reporting To: Manager, Residential Underwriting
Deadline To Apply: April 23, 2021
Internship Start Date: May 3 or May 10, 2021
Internship End Date: August 27, 2021
Hours of Work: 8:30 a.m. – 5:00 p.m.
Office Location: First National Financial Summer Internships operate out of their Downtown Toronto office, but will be hosted remotely until further notice.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.