Mortgage Underwriter

Marathon Mortgage Corp.

Toronto

On-site

CAD 70,000 - 100,000

Full time

14 days+

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Benefits offered by this job

Very competitive salary and benefits

Job summary

A Canadian mortgage finance company is seeking an experienced Mortgage Underwriter based in the Greater Toronto Area. You will be responsible for credit decisions on applications, maintaining high standards of service and compliance. Requires 5+ years of experience in mortgage underwriting, strong negotiation skills, and a customer-focused approach. This full-time, permanent role offers a very competitive salary and benefits.

Qualifications

Minimum 5 years of residential mortgage underwriting experience.
Knowledge of real estate and covenant assessments.
Ability to make quick decisions without compromising quality.
Ability to make and document risk-aware decisions.

Responsibilities

Render credit decisions on incoming mortgage applications.
Underwrite to high credit quality standards.
Negotiate, approve, and decline applications based on guidelines.
Balance loan applications from clients and brokers.
Review pricing based on risk objectives and thresholds.
Follow up on outstanding conditions and documents.
Prepare and issue mortgage commitments.
Maintain AML/Compliance standards.

Skills

Credit analysis

Risk management

Negotiation skills

Problem-solving skills

Customer focus

Communication

Collaboration

Decision making

Education

Undergraduate university degree

Tools

PC software in Windows

Job description

Voted a 5-Star Mortgage Employer Marathon Mortgage Corp. (MMC) is a growing Canadian mortgage finance company whose success is predicated on its ability to provide competitive mortgage products, mortgage interest rates and reliable service for its borrowers and broker partners. Marathon’s clear aim is to be a formidable presence in the mortgage market by mass-distributing and mass-marketing competitively priced mortgage products while delivering an exceptional service experience. MMC’s work environment is centered on its people to ensure they are valued, respected, and where balance, comradery, collaboration are the minimum watermarks. MMC is an empowering environment where people are measured by their performance and left to their talents to flourish.

Job Overview (MINIMUM 5 YEARS UNDERWRITING EXPERIENCE REQUIRED)

Based in the Greater Toronto Area the Mortgage Underwriter is responsible for rendering credit decisions on incoming applications from mortgage brokers and clients within their authorized limits and with adherence to company and insurer policies and guidelines while focusing on service excellence. The Underwriter has responsibility for applying due diligence when reviewing required documentation to ensure accuracy and to protect the Company from risk.

Core Responsibilities

Be a key contributor to delivering an exceptional service experience when interfacing with brokers, clients, and any other valued stakeholder;
Underwrite to highest credit quality standards as defined by the Residential Mortgage Underwriting Policy;
Negotiate, approve, recommend, and decline applications within Marathon's Residential Underwriting Guidelines;
Able to balance loan applications from clients and brokers;
Review loan pricing based on risk objectives and thresholds;
Follow-up on outstanding conditions/documents;
Prepare and issue mortgage commitments;
Maintain high standard of fulfilling obligations regarding AML/Compliance, Quality Assurance, and the like.
Evaluate real estate and associated risks in a volatile market;
Handle difficult interactions and unpopular decisions;
Keep up-to-date with evolving policies and procedures;
Performing other duties and assist with special projects, as required.

Qualifications

Must have 5 years of previous residential mortgage underwriting experience, with detailed working knowledge of real estate and covenant assessments;
Detailed working knowledge of principles of credit analysis and risk management;
Working knowledge of PC software in a Windows environment;
Demonstrates the ability to make and document decisions that consider all implications and proactive management of risk;
Demonstration of solid negotiation and problem-solving skills;
Ability to adapt to changing volumes and while maintain turnaround time expectations;
A very strong customer focus is required with an ability to ensure the customer experience is an exceptional one;
Highly communicative and collaborative;
View themselves as a key piece of the internal and external culture;
An ability to make quick decisions without compromising underwriting quality;
Undergraduate university degree is an asset;
Ability to speak French an asset.