Associate Mortgage Underwriter Third Party Residential Underwriting – BMO Broker Edge (BMBE)

First National; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

A leading mortgage financial service provider in Toronto is seeking an Associate Mortgage Underwriter. The role includes reviewing documentation, building relationships with mortgage brokers, and ensuring compliance with guidelines. The ideal candidate will have post-secondary education and may benefit from prior mortgage industry experience. This full-time position offers a competitive compensation package and is located in downtown Toronto.

Benefits

Highly competitive compensation package

Career advancement opportunities

Bonus and benefits

Responsibilities

• Establishes and maintains positive relationships with mortgage brokers.
• Maintains relationships with external partners like insurers and appraisers.
• Collects required documents from mortgage brokers.
• Reviews and verifies documentation accuracy.
• Escalates documentation issues to the Underwriter.
• Documents clear notes in the mortgage system.
• Responds to inquiries within turnaround times.
• Adheres to AML requirements.

Skills

Service excellence

Relationship building

Communication skills

Conflict management

Analytical skills

Attention to detail

Organizational skills

Team player

Microsoft Office proficiency

Pressure management

Education

Completed post-secondary education or equivalent work experience

Experience in financial services

Mortgage industry experience

Mortgage Agent Course and/or FSRA License

Tools

PC software in a Windows environment

Job description

Working together to be our best!

Reporting To : Manager, Third Party Residential Underwriting – BMBE

Full-Time / Part-Time : Full-time

Posting Date : March 1, 2024

Closing Date : March 8, 2024

Hours of Work : 8:30 – 5:00

Grade :

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!

The Opportunity : The Third Party Residential Underwriting Division, as a division of First National Financial, provides underwriting expertise and services on behalf of other financial institutions to the Canadian Mortgage Broker channel.

Reporting to the Manager, Third Party 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 incomplete items that could present risk to the company.

Primary Duties and Responsibilities :

1. Establishes and maintains positive relationships with mortgage brokers to build loyalty to the company.
2. Maintains positive relationships with external partners such as mortgage insurers, appraisers, title insurance companies, and solicitors.
3. Interacts with mortgage brokers for the collection of all required documents to satisfy mortgage commitment conditions.
4. Reviews and verifies the 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.
5. Escalates any documentation issues to the Underwriter for review and sign-off.
6. Documents clear and complete notes within the mortgage underwriting system.
7. Responds to all inquiries within established turnaround times.
8. Adheres to policies and procedures to ensure AML requirements are met.

Skills and Attributes :

• Strong aptitude for service excellence.
• Ability to build and maintain positive relationships.
• Strong communication skills—both written and verbal.
• Ability to deal with conflict.
• Analytical skills.
• Attention to detail.
• Strong organizational and time management skills.
• Positive team player.
• Proficient in working with basic PC software and familiar with Microsoft Office suite.
• Ability to manage pressure in a high-volume environment with tight turnaround times.

Education / Certification / Experience Requirements :

• Completed post-secondary education or equivalent work experience.
• Previous experience within the financial services sector preferred.
• Experience in the mortgage industry is an asset.
• Completion of Mortgage Agent Course and/or FSRA License is an asset.
• Working knowledge of PC software in a Windows environment required.

In accordance with FSRA, if a successful candidate is not already licensed, upon starting with First National, they will be registered for the applicable educational courses, and upon successful completion of the exam, First National will facilitate their registration with FSRA for licensing.

The team you will join :

First National is Canada’s largest non-bank lender, originating and servicing both commercial and residential mortgages since 1988. With over 1,000 team members, we foster a culture of cooperation, coaching, development, and teamwork, supporting our members to lead, learn, and grow.

If you are ready to join our dynamic team, work hard, and have fun, apply online and tell us how you can contribute to our success story.

First National is an equal opportunity employer committed to diversity and inclusion. We support accommodation requests from applicants with disabilities; please contact Human Resources.

We thank all applicants for their interest; only those selected for an interview will be contacted.

FNLOON