Collections Foreclosure Associate

Location: Montreal, Quebec

Employee Status: Permanent

Schedule: Full time

Education: High school diploma

Job Description

Fairstone is Canada’s leading non-bank provider of responsible lending solutions. With roots in Canada since 1923 and over 200 branches coast to coast, Fairstone provides personal loans and home equity loans designed to suit today’s borrowing needs. Fairstone also partners with a wide network of businesses to deliver flexible consumer financing programs. Fairstone is proud to make a difference in the communities where we live and work, because community matters.

Please visit our website:

Job Description

Provide administrative, clerical and facility support. Co-ordinates and completes Payment Processing, Foreclosure in Process & Real Estate Owned accounts, Account Write-downs, Accounts Payables/Budget Control, Mail/Couriers, Process Returned Items, prepare various letters and correspondence to Branches and Customers.  Prepare reports for the Administration Management Team and customer service calls.

Responsibilities will include:

▪Payment Processing which includes REO sale proceeds,  Payouts, Payments, Legal garnishee Payments as it relates to Foreclosure accounts
▪Process all Foreclosure and REO – Putting the accounts into FIP or REO status
▪Issuing monthly payments cheques to all first mortgage holders for REO accounts
▪Maintain REO logs – Funds received
▪Insurance Payments, Death Claims
▪Bankruptcy Payment Processing – dividend payments not processed thru D&H
▪Overage letters, NSF letters and other correspondence to customers
▪All outgoing mail including Couriers
▪Processing write-downs on FIP, REO as required throughout the foreclosure process
▪Charge-off transactions for total portfolio
▪Returned items transactions
▪Preparation, analysis and distribution of daily, weekly and monthly reports
▪Control of Monthly Expense Budget reporting
▪Account Payables/Invoice review and payment, - FIP/REO servicing – (i.e. utilities, maintenance, etc.)
▪Account Payable coding and account notation
▪Customer Service Calls
▪Prepare Interest and Discharge letters

Fair stone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities.  Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Please send your resume to : 

Job Qualifications

▪Bilingual English/French required

▪Working Knowledge of Real Estate Mortgage loans

▪2-3 years direct related work experience in the Financial Services industry performing similar functions with Administration duties, Accounts Payable, Account Receivable and customer service

▪Ability to work independently and make appropriate decisions

▪Be able to function in a fast paced environment and work independently

▪Be able to manage multiple priorities and meet deadlines


▪Strong verbal and written communication skills with a strong attention to details
▪Solid telephone negotiation skills
▪Strong analytical/problem solving skills
▪Prioritize responsibilities, research and respond to inquiries promptly and accurately.
▪Strategic thinking
▪Strong knowledge of Excel & Word.
▪Work independently and make appropriate decisions.