Mortgage Underwriter

VentaCo; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading mortgage underwriting firm in Toronto is seeking an experienced Mortgage Underwriter. You will review applications, conduct risk assessments, and collaborate with clients and agents to ensure compliance. The ideal candidate has over 5 years in banking underwriting with a strong understanding of mortgage guidelines. This role offers competitive compensation and a supportive team environment.

Benefits

Access to in-house legal team

Steady stream of qualified leads

Opportunities for professional development

Qualifications

• 5+ years of experience in banking underwriting.
• Strong background in mortgage risk assessment.
• Excellent knowledge of prime and alternative lending solutions.

Responsibilities

• Review mortgage applications and analyze financial documentation.
• Ensure compliance with legal, regulatory, and internal standards.
• Collaborate with agents and clients to resolve underwriting issues.

Skills

Analytical skills

Problem-solving skills

Communication skills

Attention to detail

Knowledge of lending solutions

Tools

Underwriting software

Job description

Where: North York, Ontario

Job Description:

At VentaCo Inc., we are committed to creating an environment where our top-tier professionals can thrive. As one of our Mortgage Underwriters, you will play a key role in our mission to build success while receiving competitive compensation, including a base salary and a competitive bonus structure.

You’ll be responsible for reviewing and assessing mortgage applications based on established guidelines and regulatory requirements. This will include risk assessment and bringing along your personal expertise and experiences. You will need to work closely with agents, clients, and our in-house team of experts, including an accountant, lawyer, and commercial specialists, to navigate and solve day-to-day problems.

Key Responsibilities:

• Review mortgage applications, analyze financial documentation (credit reports, income verification, property appraisals, etc.), and assess applicants’ eligibility based on risk factors and guidelines
• Ensure all mortgage transactions comply with legal, regulatory, and internal standards
• Collaborate with real estate agents, clients, and internal teams to resolve any underwriting issues, clarify documentation, and facilitate a smooth process
• Provide detailed risk assessments and recommendations on mortgage approvals or denials
• Communicate with applicants and agents regarding the status of applications, additional documentation needs, or final decisions
• Stay informed on industry regulations, changes in underwriting guidelines, and emerging best practices to mitigate risk
• Handle complex or high-risk transactions with a focus on maintaining risk management standards

What We Offer:

• Access to an in-house legal team, accountant, and commercial specialist to support complex transactions
• A steady stream of qualified leads to ensure you can focus on underwriting and closing deals efficiently
• A dynamic, fast-paced environment that fosters professional development and leadership in the mortgage and real estate sectors
• Opportunities to collaborate with other high-performing professionals and be part of shaping the future of the industry

Requirements:

• 5+ years of experience in banking underwriting, with a strong background in mortgage risk assessment and decision-making
• Deep understanding of mortgage guidelines, risk assessment, and regulatory requirements
• Excellent analytical and problem-solving skills, with keen attention to detail
• Ability to handle high-pressure situations and complex transactions with a solution-oriented mindset
• Excellent knowledge of both prime and alternative lending solutions, draw and construction financing is a MUST
• Sound knowledge and expertise of credit and underwriting practices, and lending products
• Strong communication skills, both written and verbal, for clear interaction with clients and internal teams
• Proficiency with industry software and underwriting systems

If you’re a detail-oriented, analytical professional with extensive experience in banking underwriting and a desire to work in a collaborative, growth-oriented environment, we’d love to hear from you!

Apply today to join a company where excellence is the standard and your expertise will shape the future of mortgage underwriting!