Associate Mortgage Underwriter

First National; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A national mortgage lender in Toronto is seeking an Associate Mortgage Underwriter for a full-time position. The successful candidate will support the underwriting process by reviewing documentation, ensuring due diligence, and maintaining positive relationships with mortgage brokers and partners. A post-secondary education and experience in the financial or mortgage industry are preferred. This role offers a competitive compensation package and opportunities for career advancement.

Benefits

Highly competitive compensation package

Benefits eligibility based on employment terms

Career advancement opportunities

Qualifications

• Previous experience within Financial Services sector preferred.
• Previous experience within Mortgage industry an asset.
• Ability to manage pressure in a high volume processing environment.

Responsibilities

• Maintain relationships with mortgage brokers and external partners.
• Review and verify accuracy of documentation for mortgages.
• Document clear and comprehensive notes within the underwriting system.

Skills

Positive relationship building

Service excellence

Communication skills (French and English)

Analytical skills

Attention to detail

Time management

Education

Completed post-secondary education or equivalent

Tools

PC software in a Windows environment

Microsoft Office Suite

Job description

We are hiring an Associate Mortgage Underwriter, Residential Underwriting!

The Role :

Reporting to the Manager, Residential Underwriting, the Associate Mortgage Underwriter supports the underwriting and credit decision process by reviewing all required documentation and applying sound due diligence. The Associate Mortgage Underwriter is responsible for escalating any inaccuracies, issues, or items that are incomplete and potentially present risk to the Company.

Reporting To :

Manager, Residential Underwriting

Full-Time / Part- Time :

Full-time

Posting Date : February 21, 2024

Hours of Work : 8 : 30 – 5 : 00

Grade : Office Location :

Toronto

Great location! Steps away from the main public transit station

What we offer :

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!

• Eligibility for benefits is dependent on the terms of employment

What you will do :

Establishes and maintains positive relationships with mortgage brokers to build loyalty to the Company

Maintains positive relationships with external partners such as mortgage insurers, appraisers, title insurance companies, and solicitors

Interacts with mortgage brokers for the collection of all required documents to satisfy mortgage commitment conditions

Reviews and verifies accuracy of required documentation related to income, down payment and the property using sound due diligence and in compliance with internal and regulatory guidelines prior to signing off on any mortgage conditions or documents, where applicable

Escalates any documentation issues to the Underwriter for review and sign off

Documents clear and complete notes within the mortgage underwriting system

Responds to all inquiries within established turnaround times

Adhere to policies / procedures to ensure AML requirements are met

The Requirements Needed :

Completed post-secondary education or equivalent work experience required

Previous experience within Financial Services sector preferred

Previous experience within Mortgage industry an asset

Working knowledge of PC software in a Windows environment required

Ability to build and maintain positive relationships

Strong aptitude for service excellence

Strong communication skills—both written and verbal in French and English

Ability to deal with conflict

Analytical skills

Attention to detail

Strong organizational and time management skills

Positive team player

Fully competent in working with basic PC software and working knowledge of the suite of Microsoft office products

Ability to manage pressure in an environment of high volume processing with tight turnaround times.

The team you will join :

Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.

At First National, It’s in our Nature is our rallying cry. It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community. Our nature defines who we are and guides every decision we make.

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

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at .

We would like to thank all applications for their interest, but only candidates selected for an interview will be contacted.

FNLOON