Posted 2 months ago
Default Recovery Officer
@ Vault Credit Corporation
Toronto, Ontario
Overview
Vault Credit Corporation is hiring a full-time Default Recovery Officer to remedy mortgage default scenarios and support the legal enforcement process. The work involves preparing statements of arrears, coordinating property inspections, and communicating with borrowers, property managers and lawyers. Two years of collections and legal experience is preferred.
Responsibilities:
- Prepare discharge statements and statements of arrears
- Coordinate property occupancy inspections
- Communicate with borrowers, property managers and lawyers
- Keep files updated with notes, invoices and deadlines
- Set up repayment plans for missed payments
Requirements summary:
- Two years of collections and legal experience preferred
- Mortgage experience an asset
- Post-secondary diploma in business, finance or equivalent experience preferred
- Knowledge of contract terms an asset
- Strong computer and communication skills
Tools & skills
Source and dates
Employer career site / ATS feed · bamboohr
- Employer posting date
- 2026-09-10
- First seen by our source
- 2026-10-08
- Source record updated
- 2026-10-09
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Mid level |
| Department | Finance & accounting |
| Experience | 2+ years |
| Hours per week | 40 (estimated) |
| Travel | air: none · ground: minimal |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Education | College diploma (preferred) |
| Fields of study | Administration, Business, Economics, Finance |
Summary and details written by AI from the posting; the employer’s posting is the authority.
Vault Credit Corporation
Saved company profile
Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.
Financing Simplified
Full company description
Vault makes financing simpler than ever. We serve small to medium businesses all across Canada and cater to a wide spectrum of credit tiers. Our lending is designed for almost any equipment and industry. Flexible pricing and tailored options allow you to build a deal that works for your customer. Vault has industry-leading service levels with experienced underwriters and account administrators, We can adjudicate and fund a new application in hours.
- LinkedIn followers
- 4,165
- People associated on LinkedIn
- 136
- Reported office locations
- 41 Scarsdale Road, Suite 5, Toronto, ON M3B 2R2, CA
- Business categories
- Business Information Systems
- Leasing
- Financial Services
- Other recorded names
- Vault Credit Corporation
- Specialties
- Lease
- Leasing
- Financing
- Loans
- Lending
- and Lender
- Profile identifies a recruitment agency
- No
- Reported total investment
- 0
Currency and observation date were not supplied; this is not a current valuation or a funding round.
Vault makes financing simpler than ever. We serve small to medium businesses all across Canada and cater to a wide spectrum of credit tiers. Our lending is designed for almost any equipment and industry. Flexible pricing and tailored options allow you to build a deal that works for your customer. Vault has industry-leading service levels with experienced underwriters and account administrators, We can adjudicate…
| Field | Value |
|---|---|
| Industry | Financial Services |
| Company size | 51-200 employees |
| Headquarters | Toronto, ON |
| Organization type | Privately Held |
| Specialties | LeaseLeasingFinancingLoansLendingand Lender |
| Open jobs on Jobsy | 19 |
| View page |
Mortgage finance company is looking for a Default Recovery Officer to work with external and internal stakeholders to remedy various mortgage default scenarios and assist in the legal enforcement process. Candidate must demonstrate good organizational skills and be efficient and accurate.
Required Skills and Responsibilities
- Prepare a Discharge Statement or Statement of Arrears for the legal team or Manager by reviewing funds received on the file and ensuring all costs up to date in the system.
- Order and/or co-ordinate occupancy inspections on properties.
- Verbal and written communications with Property Managers, Lawyers, and other stakeholders; provide documentation and accurate information as required.
- Keep files updated with detailed notes, invoices, documents, and deadlines according to the standard operating procedures of the company.
- Communicate with Borrowers via call, text and email to set up repayment for missed mortgage payments, property tax payments and/or condominium fee payments.
- Accurate, thorough, and timely completion of assigned duties, with specific attention to detail as it relates to data entry and numerical values.
- Work independently and within a team to ensure service levels met.
- Flexible and supportive of taking on other tasks as Management may request.
- Strong computer skills, including proficiency in Microsoft Office and Excel applications, Outlook, and ability to learn new software systems.
- Participate in assigned duties that support the management of the Legal portfolio, allowing individuals and the team to meet set out targets and objectives.
- Able to achieve exceptional results day to day, while maintaining high ethical standards and compliance with all policies and legislation.
- Strong written and oral communication skills are essential.
- Provide timely response to team members requests for assistance.
- Acts in accordance with the company’s core values, Code of Conduct and all internal policies and standards.
- Engages in the highest standard of business conduct and ethics.
Requirements
- 2 years of collections and legal experience preferred.
- Mortgage experience an asset.
- Post-secondary degree or diploma in Administration, Business, Economics, Finance or equivalent work experience preferred.
- Knowledge of contract terms and other contract documentation an asset.
We thank all interested candidates, however, due to the volume of applications received, only those candidates selected for interviews will be contacted.
Vault Mortgage Corporation is committed to creating a diverse environment and is proud to be an equal opportunity employer. Upon request, Vault Mortgage Corporation will provide reasonable accommodation during the recruitment and selection process.
Should you require accommodation, please advise.
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