Residential Mortgage Underwriter

Equitable Group; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

A leading banking institution in Canada is seeking a Mortgage Underwriter to evaluate and process mortgage applications. The successful candidate will manage negotiations, ensuring excellent service and compliance while meeting stringent deadlines. Ideal applicants have a minimum of two years' experience in the alternative mortgage market and a background in finance. This full-time position offers competitive perks in a hybrid working environment.

Benefits

Competitive discretionary bonus

Market-leading RRSP matching

Comprehensive medical, dental, vision benefits

Employee Share Purchase Plan

Maternity / Parental top-up

Generous vacation and personal days

Virtual team events

Annual professional development allowance

Qualifications

• Minimum 2 years’ mortgage experience in the alternative mortgage market.
• Knowledge of AML & ATF practices.
• Knowledge of mortgage fraud risks and misconduct prevention.

Responsibilities

• Review mortgage applications and negotiate terms.
• Ensure timely closing by following up on conditions.
• Provide excellent customer service to mortgage brokers.

Skills

Strong multitasking and organizational skills

Attention to detail

Excellent time management

Problem-solving skills

Effective communication skills

Customer service-oriented mindset

Education

Post-secondary degree, preferably in finance

Tools

MS Office (Word, Excel)

Job description

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. If you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, serving over 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and has been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together, we manage over $125 billion in assets, with a clear mandate to drive change in Canadian banking and enrich people's lives. Our customers have recognized our EQ Bank digital platform ( eqbank.ca ) as one of Canada's top banks on the Forbes World's Best Banks list since 2021.

The Mortgage Underwriter Role

The Mortgage Underwriter is responsible for negotiating, recommending, declining, and, in some cases, approving mortgage applications within established guidelines. This involves securing real estate, exercising sound judgment, and ensuring efficiency without compromising service or profitability.

Key Responsibilities

• Review mortgage applications daily, negotiate terms, decline or recommend approvals, and approve applications as appropriate. Ensure timely closing by following up on conditions and documents, maintaining compliance with guidelines. (50%)
• Follow up with brokers on mortgage commitments to ensure efficient file closing. (20%)
• Provide excellent customer service to mortgage brokers, clients, and colleagues, responding to inquiries and maintaining broker relationships. (20%)
• Offer underwriting expertise, stay updated on company policies, procedures, and products. (10%)

Candidate Profile

Strong multitasking and organizational skills

Attention to detail and knowledge of AML & ATF practices

Excellent time management and problem-solving skills

Ability to perform under pressure and adapt to change

Effective communication skills, professional and clear

Customer service-oriented mindset

Minimum 2 years’ mortgage experience in the alternative mortgage market

Proficiency in MS Office (Word, Excel)

Post-secondary degree, preferably in finance

Knowledge of mortgage fraud risks and misconduct prevention

What We Offer (Full-time Permanent Roles)

Competitive discretionary bonus

Market-leading RRSP matching

Comprehensive medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity / Parental top-up

Generous vacation and personal days

Virtual team events

Annual professional development allowance and career growth programs

Opportunity to innovate in banking with a top FinTech

The role involves hybrid work, based at 2200-25 Ontario Street, Toronto, ON .

Equitable Bank values inclusion and diversity, supporting a barrier-free environment. We encourage applicants to request accommodations during the hiring process. All hires require criminal and credit background checks. Only candidates whose skills closely match the role will be contacted.

We look forward to meeting you!

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