Associate Underwriter

CB Canada; Windsor; On-site; CAD 45,000 - 75,000; Full time

Job summary

Join a forward-thinking company as an Associate Underwriter, where you'll play a crucial role in analyzing and verifying loan applications. This position offers the chance to work with industry leaders while ensuring compliance with regulations. Enjoy a collaborative environment that fosters career growth and innovation in the mortgage industry. If you're passionate about making a difference and eager to develop your skills, this role is perfect for you.

Benefits

Career Development Opportunities

Excellent Benefits

Collaborative Environment

Qualifications

• Experience underwriting in residential originations.
• Ability to analyze loan applications and evaluate risk.

Responsibilities

• Review and underwrite customer loans within authority limits.
• Analyze loan risk and decide on loan eligibility.

Skills

Underwriting Experience

Risk Analysis

Loan Eligibility Assessment

Education

Bachelor's Degree

Job description

Working for Rocket Mortgage in Canada offers more opportunities for career growth. We aim to revolutionize mortgage processes and address challenges with innovative solutions. We provide resources for your success. Apply today to join a team that fosters career development, offers excellent benefits, and collaborates with industry leaders.

To qualify, you must have valid Canadian work authorization.

Preferred Qualifications

Demonstrated experience underwriting in residential originations.

Job Summary

As an Associate Underwriter, you will analyze and verify loan applications, evaluate risk, and determine loan eligibility. You will ensure all documentation complies with relevant regulations.

Responsibilities

1. Review and underwrite customer loans within authority limits, escalating complex cases to leadership.
2. Validate borrower’s willingness and ability to repay by reviewing due diligence documents.
3. Analyze loan risk and request additional information as needed.
4. Decide on loan eligibility and approve or reject applications.
5. Specify loan conditions as necessary.
6. Ensure underwriting adheres to policies, procedures, guidelines, insurer programs, and regulations.
7. Document and communicate reasons for loan approval or rejection.
8. Review appraisal and site inspection reports.
9. Manage relationships with submitting agents or brokers.
10. Set pricing and manage transaction profitability.
11. Identify and assess AML and fraud risks.
12. Manage pipeline and meet daily production goals.

Who We Are

Rocket Companies, based in Detroit, provides digital solutions for complex transactions across industries like mortgages, fintech, real estate, and automotive. Founded in 1985, our flagship is Rocket Mortgage. We value diversity and inclusion, ranking #7 on Fortune’s 2022 list of Best Companies to Work For and #1 in Financial Services in 2021.

Disclaimer

This outline describes primary responsibilities, which may change over time at leadership's discretion. We are committed to equal opportunity and an inclusive environment. Employment decisions are not based on protected characteristics. We provide reasonable accommodations for individuals with disabilities.