Fairstone

Default Recovery Specialist

Toronto, Ontario · Full-time

Sponsorship not specifiedDetected 27 days ago

CommunicationInternal Audit

About the role

The mandate of the Default Recovery Specialist hybrid role is to mitigate and or eliminate financial losses due to delinquent or unpaid balances of all mortgage products offered by Home Trust.
Individually responsible for the management of a portfolio of impaired accounts located Nationwide.
Continual follow up, instructing solicitors, property managers and real estate agents.

Responsibilities

Customer and Business Partner Experience
Develop detailed and concise recommendations for Management, as it relates to workout solutions, legal action or marketing proposals, through a thorough assessment of the client, property and account history.

Requirements

Minimum 4 years senior mortgage collection or related legal administrative or paralegal experience
Working knowledge of real estate handling and disposal of asset for lender
Minimum 2 year working knowledge of Mortgage Remedy Law within Ontario and preferably across Canada
What you can expect - pay & process:

Nice to have

https://www.linkedin.com/company/fairstone/mycompany/
If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.
Fairstone is an equal opportunity employer.
Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities.
University preferred but not required.

Skills

Education Assistance Program and Fairstone Academy for training and skill development.

Compensation

Competitive base salary plus an annual incentive bonus tied to performance.

Benefits

Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.
Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match.
Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
Family Support: Parental leave top-up program to help you during life's big moments.
Expected base salary range is $55 000.00 - $70 000.00 per year, plus the opportunity to earn an annual incentive bonus tied to performance.
Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being.
Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
On-Site Fitness: Gym access at our London and Montreal offices.

Company info

Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, Eden Park and Fig.
Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners' growth. With a diverse suite of products-residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending-we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada's leading alternative lending bank.
Home Trust Company has developed a track record of success as Canada's leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.
Join Home Trust as a Default Recovery Specialist, reporting to Manager, Default Recovery, and be part of our talented and growing team!
Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals.
Over the years, our brand family has grown.
In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, Eden Park and Fig.
Together, we are the leading alternative lending bank in Canada.
We have the collective experience and expertise to better serve our customers and foster our partners' growth.
With a diverse suite of products-residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending-we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Home Trust Company has developed a track record of success as Canada's leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country.
Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial.
Our culture has been shaped by the passion and integrity of our people.

Equal opportunity

equal opportunity employer.

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This listing is sourced directly from Fairstone's careers page and normalized into a canonical job model.