Residential Mortgage Underwriter

TEKsystems; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

A leading financial institution is looking for a Residential Mortgage Underwriter in Toronto, ON. This role offers remote work following an initial training period. Responsibilities include negotiating and assessing mortgage applications. The ideal candidate will have 2-4 years of retail mortgage underwriting experience and be technologically savvy. This is a 6-month contract with a chance of becoming permanent, paying between $30 and $32 per hour.

Benefits

Extensive onboarding training

Opportunity for growth within the company

Full-time permanent potential after contract

Qualifications

• 2-4 years retail mortgage underwriting experience, primarily with residential mortgages.
• Experience with decision-making authority and RESL specific underwriting.
• Skilled in reviewing and evaluating income, down payment, and offer documents.

Responsibilities

• Negotiate, approve, and decline applications within established lending limits.
• Gather and assess information to support credit applications.
• Handle correspondence and inquiries from business partners.

Skills

Retail mortgage underwriting experience

RESL specific underwriting

Document reviewing

Technologically savvy

Tools

Microsoft Outlook

Job description

Our client, a Big 5 Bank, is currently seeking a Residential mortgage underwriter to join their team in Toronto, ON! This role will be 100% remote following the first 5 weeks of in-office training.

The Analyst, Underwriting is responsible for supporting the review and approval of residential mortgage and real estate applications in a timely and effective manner. The role follows detailed instructions and documented procedures to negotiate, approve, recommend, or decline residential secured and unsecured mortgages and real estate applications within established guidelines and authorized lending limits. The Analyst, Underwriting uses judgement regarding priorities and approaches to review credit information by gathering and critically assessing property-specific third party due diligence reports and negotiating terms for marginal applications. The role provides specialized advice and guidance on company policy, procedures, and security value estimates, resolving basic problems within the scope of their job.

How you'll succeed

• Decision- Maker -Negotiate, approve, decline and recommend applications, within established processes, guidelines and authorized lending limit of up to $1,500,000, including residential mortgage, real estate secured and unsecured applications.

• Analytical - Gather, review and assess information and documentation to support each credit application within the bank's risk parameters and Insurers guidelines, if applicable.

• Relationship building - Handle, as required, correspondence and telephone inquiries from internal business partners and external business partners such as insurers, appraisers and solicitors.

• Risk- Assessment- Review, prepare and make considered recommendations to Manager or sr. underwriter where residential mortgage application is above authority limit.

• Agile - Manage high work volumes to meet short time lines with a high level of quality and due diligence. You will also be expected to review a variety of lending products on a day to day basis.

Qualifications

1) 2-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.

2) RESL specific Underwriting (Real-estate Secured Lending) • Decisioning experience with approval authority

3) Experience in reviewing and evaluating documents (income, down-payment, offers, etc..)

3) Technologically savvy- Microsoft-outlook

Employee Value Proposition (EVP)

Good opportunity to grow within a large financial institution. The onboard training is very extensive and sets the individuals up for success. Opportunity to go fulltime permanent after the initial 6 month contract.

Work Environment

Training is in classrooms for first 5 weeks and then move to some live deals for 2-3 weeks with support, before working fully remote on their own.

Duration: 6 month contract with opportunity of extension OR conversion to permanent

Pay: $30 - $32/hr

Pay and Benefits

The pay range for this position is $30.00 - $32.00/hr.

Workplace Type

This is a hybrid position in Toronto,ON.

À propos de TEKsystems et TEKsystems Global Services

Nous sommes un fournisseur de services aux entreprises et de technologies. Nous accélérons la transformation de nos clients. Notre compétence en stratégie, conception, exécution et opérations libère la valeur de l’entreprise par un éventail de solutions. Nous sommes une équipe de 80 000 personnes qui collaborent avec plus de 60 000 clients, notamment 80 % du Fortune 500 en Amérique du Nord, Europe et Asie, qui collaborent avec nous dans le cadre de nos capacités full-stack et notre rythme. Nous sommes des penseurs stratégiques, des collaborateurs pratiques qui aident les clients à exploiter le changement et maîtriser le dynamisme de la technologie. Nous bâtissons le futur en livrant les résultats et en créant un impact positif dans nos communautés mondiales. TEKsystems et TEKsystems Global Services sont des entreprises d’Allegis Group. Découvrez d’autres informations à TEKsystems.com.

About TEKsystems and TEKsystems Global Services

We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.