Mortgage Underwriter, Excalibur

First National Financial; Vancouver; On-site; CAD 60,000 - 85,000; Full time

Benefits offered by this job

Bonus eligibility

Benefits package

Career advancement opportunities

Modern office environment

Team-focused culture

Job summary

First National Financial is seeking a Mortgage Underwriter for Excalibur in Vancouver. This full-time role reports to the Manager, Residential Underwriting and focuses on rendering credit decisions for mortgage applications while ensuring alignment with internal policies.

You will analyze employment, credit strength, property details, and other data; negotiate loan terms; and use the Merlin system to input information, issue commitments, and manage the workflow for timely funding.

Qualifications

• 2 years mortgage underwriting experience required
• Post-secondary education or equivalent preferred
• Mortgage Agent Course and BCFSA/RECA license are assets

Responsibilities

• Render approval or decline decisions on mortgage applications per policy
• Produce/underwrite mortgage commitments and input data in Merlin
• Prioritize deals in workflow to minimize turnaround time

Skills

Organizational skills

Attention to detail

Communication skills

Independent work

Customer service

Education

Post-secondary education or equivalent

Mortgage Agent Course

BCFSA/RECA License asset

Tools

Merlin underwriting system

MS Office

Job description

We are hiring a Mortgage Underwriter, Excalibur!

Reporting To: Manager, Residential Underwriting (Excalibur)

Full-Time/Part- Time: Full-time

Salary Range: $60,000-$85,000

Posting Date: November 4, 2026

Closing Date: November 23, 2026

Hours of Work: 8:30 a.m. - 5:00 p.m.

Grade: 12.7

Office Location: Vancouver, BC Great location!

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!

*Eligibility for benefits is dependent on the terms of employment

The Opportunity

Excalibur department - With both the population and employment demographics of Canada changing so significantly, there are people who want to access a mortgage and own a home – but they may fall outside of traditional credit requirements. Alternative lending (Excalibur) offers a mortgage option for those people. The Mortgage Underwriter is responsible for rendering credit decisions on incoming applications consistent with internal policies, underwriting mortgage commitments, and verifying supporting documentation as submitted by mortgage brokers.

How you will contribute:

Render approval/decline decisions on incoming applications consistent with internal policies:

• Analyze employment profile, credit strength, property characteristics, and all other information pertinent to the credit decision process on each mortgage application, as presented by the broker.
• Negotiate loan terms (where applicable) in order to satisfy the interests of the broker, the client and First National.
• Prioritize deals in Workflow queue in order to minimize turnaround time.

Produce/underwrite mortgage commitments:

• Select required conditions on each deal to be satisfied by the solicitor and the broker prior to funding.
• Using the Merlin underwriting system, input: selected conditions, credit information, property details, and borrower information.
• Issues commitments and updates the system accordingly.

Skills and Attributes:

• Organizational skills to manage several ongoing and competing tasks at one time
• High degree of accuracy and attention to detail
• Demonstrated proficiency in oral and written communication skills
• Demonstrated ability to work independently and in a team environment
• Ability to deal effectively with difficult customer situations to maintain customer satisfaction and loyalty

Key Contacts:

• External: Brokers
• Internal: Associate Mortgage Underwriters and Funders

The experience you need:

Education/Certification/Experience Requirements:

• Post-secondary education and/or equivalent work experience preferred
• 2 years mortgage underwriting experience required

• Completion of Mortgage Agent Course and BCFSA/RECA License an asset.
• Competency in MS Office; capacity to learn new technologies/systems

Working Environment and Physical Demands Analysis:

• Office environment
• Periods of high volume with tight timelines
• Long periods of stationary position/sitting
• Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
• Long periods of time in viewing a computer screen
• Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Why join First National

• Competitive Compensation
• Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
• Extensive training programs to set our employees up for success
• Modern office environment conducive to collaboration
• Supportive teamwork culture
• Opportunities to give back to the communities and work through events focused on a variety of charities
• Ongoing social events throughout the year

The team you’ll join:

Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.

First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.

We would like to thank all applications for their interest in this existing vacancy but only candidates selected for an interview will be contacted.

Artificial Intelligence is not used in our recruitment or hiring process for this role.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at [e-mail] should you need an accommodation at any point in the recruitment process.