Mortgage Analyst

Frey Consulting Group; Vancouver; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join a dynamic and fast-growing mortgage lender in downtown Vancouver as a Mortgage Analyst. This role offers the chance to work alongside a seasoned executive team with extensive industry experience. You will be responsible for reviewing mortgage applications, underwriting investments, and managing relationships with brokers. If you thrive in a fast-paced environment and possess strong analytical and communication skills, this opportunity is perfect for you. Be part of a team that values accuracy, professionalism, and customer service excellence while contributing to the growth of a significant mortgage portfolio.

Qualifications

• 3+ years of mortgage underwriting experience in private lending required.
• Sub-mortgage broker license in BC is essential.

Responsibilities

• Review mortgage applications and prepare files for underwriting.
• Negotiate terms with brokers and manage mortgage funding cycles.

Skills

Residential mortgage underwriting

Commercial mortgage underwriting

Attention to detail

Time management

Analytical skills

Problem-solving skills

Verbal communication

Written communication

Customer service

Education

Post-secondary education in business administration

Finance or equivalent

Tools

MS Office (Word and Excel)

Job description

STRIVE is a Vancouver-based recruitment firm offering recruitment solutions in the specialist areas of Accounting & Finance, Corporate Administration and Operations & Manufacturing. We are passionate about recruitment at STRIVE and commit to offering an upfront, genuine and consultative approach to everything we do - which is a big reason as to why we have been successful. Our proactive recruitment approach allows us to uncover high-calibre professionals for niche, specialized and what are often regarded as "hard to fill" roles.

THE ROLE

STRIVE is partnered with a prominent, fast-growing alternate private mortgage lender located in downtown Vancouver. Their business supports borrowers with custom real estate financing and contributes to investors’ financial success. They client has built a mortgage portfolio size of over $300 million and are experiencing further growth which has led to this newly created Mortgage Analyst position.

Reporting to the Managing Broker, the Mortgage Analyst will be working alongside their professional executive team that has over 75 years combined industry experience, with expertise in property development, public accounting, and mortgage financing.

Responsibilities:

• Review received mortgage applications along with supporting documentation and correspond with brokers to ensure all necessary information has been provided to prepare file for underwriting.
• Underwrite residential & commercial mortgage investments and create mortgage summaries to be reviewed by the lending committee.
• Negotiate terms with mortgage brokers, using assigned lending guidelines and pricing parameters.
• Manage pipeline to ensure approved deals close as scheduled, while ensuring all outstanding funding conditions are satisfied within established timelines.
• Correspond with mortgage brokers and other stakeholders in a timely and professional manner, while always maintaining composure and professionalism.
• Foster strong relationships with mortgage brokers and brokerages through daily interaction and industry events.
• Provide underwriting expertise to mortgage brokers, clients and co-workers and maintain an up-to-date knowledge of company policies, procedures, and products.
• Coordinate full cycle of mortgage funding, including liaising with lawyers, notaries, mortgage/insurance brokers, borrowers, and appraisers.
• Additional reporting and tasks as assigned by management.

Skills & Requirements:

• Sub-mortgage broker license in BC (Alberta is an asset)
• Post-secondary education either in business administration, finance or equivalent.
• The ideal candidate will have no less than 3 years of residential and commercial mortgage underwriting experience in the private / alternate mortgage lending space, or minimum of 5 years of mortgage industry experience.
• High degree of accuracy and attention to detail.
• Proficient with property valuation methods, including direct comparison and income approaches.
• Some exposure to property valuation by land residual and pro forma approach as well as construction financing is an asset.
• Experience with conveyancing is considered an asset.
• Sound knowledge of AML practices.
• Excellent time management, analytical and problem-solving skills.
• Proven ability to thrive in a constantly changing, high intensity environment with ability to always focus and maintain composure while managing up to a dozen active files at a time.
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise, and professional manner.
• Display pride in providing superb customer service and finding creative solutions to issues.
• Proficiency in MS Office (mainly MS Word and Excel).
• Knowledge of fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation.