Residential Mortgage Underwriter

Shinhan Bank Canada; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

Shinhan Bank Canada is seeking an Underwriter for Residential Mortgage to support the underwriting team and related operations. The role reports to the Senior Manager, Residential Mortgage and entails preparing reports, reviewing applications, appraisals and registrations, and recommending lending decisions.

The candidate will collaborate across branches, regulators and legal teams, ensuring accurate credit assessments and timely processing within a fast-paced banking environment.

Qualifications

• Bachelor’s degree required, preferably in business or finance.
• 3+ years of work experience preferred, ideally in a Canadian financial institution.
• Strong communication skills (verbal and written).
• Proficiency in Word, Excel, PowerPoint.
• Extreme attention to detail.
• Ability to work in a team and interact with all levels.
• Able to prioritize, work under pressure and meet deadlines.
• Legally eligible to work in Canada.

Responsibilities

• Prepare reports, files and documents in support of the Residential Underwriting team function.
• Review residential mortgage applications: perform credit assessment, communicate with branch/relationship managers and prepare analysis opinion.
• Review and analyze appraisal reports.
• Recommend decision on residential mortgage applications to approval authority.
• Review and request approval for registration of new appraisal company or mortgage brokerage.
• Register residential mortgage application in the Bank’s core banking system.
• Instruct relevant department to process legal document and to send instructions to solicitors.
• Other duties as required by Department.

Skills

Strong communication skills (verbal an

Microsoft Office proficiency

Attention to detail

Team collaboration

Deadline-oriented

Education

Bachelor’s degree in business or finance

Tools

Microsoft Office (Word, Excel, PowerPoint)

Job description

The Underwriter, Residential Mortgage will report to Senior Manager, Residential Mortgage, and assist in residential mortgage underwriting and relevant operational activities.

Key Responsibilities & Accountabilities

• Prepare reports, files and documents in support of the Residential Underwriting team function
• Review residential mortgage applications: perform credit assessment, communicate with branch/relationship managers and prepare analysis opinion
• Review and analyze appraisal reports
• Recommend decision on residential mortgage applications to approval authority
• Review and request approval for registration of new appraisal company or mortgage brokerage
• Register residential mortgage application in the Bank’s core banking system
• Instruct relevant department to process legal document and to send instructions to solicitors
• Other duties as required by Department

Job Requirements

Education Requirements: Bachelor’s degree is required, preferably in business or finance; or equivalent experience in financial services or a related field

Work Experience Requirements: 3+ years of work experience preferred, ideally in Canadian financial institution

• Strong communication skills (verbal and written)
• Strong proficiency in Microsoft Office programs - i.e. Word, Excel, Powerpoint
• Extreme attention to detail
• Ability to work effectively within a team environment and to interact with all levels
• Ability to prioritize, perform well under pressure and meet time sensitive deadlines
• Proven ability to work well with others
• Legally eligible to work in Canada

Knowledge & Skills

• Knowledge of Administration processes, practices and procedures
• Risk, compliance and audit mindset
• In-depth knowledge of lending products & industry
• Ability to work in a fast paced and changing environment
• Strong attention to detail and the ability to work under pressure
• Ability to meet strict deadlines
• Adaptability & Flexibility
• Learning mindset (Continuous learning)
• Collaboration & Teamwork
• Effective interactive communication
• Initiative
• Attention to detail and quality