Associate Mortgage Underwriter-Excalibur

First National Financial LP; Toronto; On-site; CAD 50,000 - 65,000; Full time

Benefits offered by this job

Competitive pay

Benefits package

Career advancement opportunities

Modern office environment

Teamwork culture

Community involvement

Job summary

First National is seeking an Associate Mortgage Underwriter in Downtown Toronto to support Excalibur operations. You will manage files from commitment through broker conditions, liaise with brokers, and ensure all documents meet mortgage commitments. The role offers growth within a leading Canadian non-bank lender.

The position requires post-secondary education or equivalent, about a year of mortgage experience, and proficiency with MS Office. This is a full-time role in an office setting.

Qualifications

• Post-secondary education and/or equivalent work experience required.
• One year of mortgage experience preferred.
• Competency in MS Office; capacity to learn new technologies/systems.

Responsibilities

• Manage files from commitment by underwriter until broker conditions are met on the commitment.
• Contact broker to request a solicitor for file and funding conditions sheet.
• Follow up with brokers to request additional information as needed.
• Provide liaison and support for funding department.
• Review documents to meet conditions on the commitment.
• Verify employment letters and income/down payment verification.
• Review and audit files prior to advancing.
• Update information to ensure 100% complete and accurate records.

Education

Post-secondary education or equivalent

Tools

MS Office

Job description

We are hiring an Associate Mortgage Underwriter, Excalibur!

Reporting To: Manager, Residential Underwriting

Full-Time/Part- Time: Full-time

Salary Range: $50,000-$65,000

Posting Date: October 28, 2026

Closing Date: November 11, 2026

Hours of Work: 8:30 a.m. – 5:00 p.m.

Grade: 8.7

Office Location: Downtown, 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

The Opportunity

Excalibur department - With both the population and employment demographics of Canada changing so significantly, there are people who want to access a mortgage and own a home – but they may fall outside of traditional credit requirements. Alternative lending (Excalibur) offers a mortgage option for those people. The Associate Mortgage Underwriter is responsible for ensuring that all broker conditions are met prior to closing and for all interactions with the Broker to cooperatively satisfy all conditions within a mortgage commitment.

How you will contribute:

• Manage files from the time they are committed by the underwriter until all the broker’s conditions are met on the commitment
• Contact the broker via fax/email/phone requesting a solicitor for the file and funding conditions sheet outlining the outstanding conditions on the file
• Follow up with brokers to request additional information where needed
• Provide liaison and support for funding department
• Review all documentation sent from the broker to meet conditions found on the commitment
• Organize all incoming faxes from broker and solicitor
• Verify all employment letters verbally and satisfy income verification and satisfy down payment verification
• Review and satisfy signed commitment, statement of mortgage and mortgage application
• Review and audit all files prior to advancing
• Update information and make corrections where needed to ensure that it is 100% complete and accurate
• Respond to all broker queries and requests and return calls and emails in a timely manner
• Specialize in bridges and transfer mortgages
• Complete special projects as assigned by Team Leader/Manager, Residential Underwriting

The experience you need:

• Post-secondary education and/or equivalent work experience required
• One year of mortgage experience preferred
• Competency in MS Office; capacity to learn new technologies/systems

Working Environment and Physical Demands Analysis:

• Office environment
• Periods of high volume with tight timelines
• Long periods of stationary position/sitting
• Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
• Long periods of time in viewing a computer screen
• Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Why join First National?

• Competitive Compensation
• Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
• Extensive training programs to set our employees up for success
• Modern office environment conducive to collaboration
• Supportive teamwork culture
• Opportunities to give back to the communities and work through events focused on a variety of charities
• Ongoing social events throughout the year

The team you’ll join:

Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.

First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.

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

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 and any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at [e-mail] should you need an accommodation at any point in the recruitment process.

#FNLOON