Residential Mortgage Underwriter

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

Job summary

A leading financial services provider is seeking a Residential Mortgage Underwriter for a remote position after initial training. The successful candidate will be responsible for reviewing and approving residential mortgage and real estate applications. This role offers a 6-month contract with the possibility of full-time employment, and the pay rate is between $30 and $34 per hour.

Qualifications

• 2-4 years of retail mortgage underwriting experience required.
• Experience with real-estate secured lending decisioning preferred.
• Ability to review and evaluate multiple income documents.

Responsibilities

• Negotiate, approve, decline and recommend mortgage applications.
• Assess documentation to support credit applications.
• Review and make recommendations for applications above authority limit.

Skills

Retail mortgage underwriting experience

Decision-making authority

Document reviewing and evaluation

Technologically savvy

Tools

Microsoft Outlook

Job description

Overview

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..)
4. Technologically savvy- Microsoft-outlook

Employee Value Proposition

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 - $34/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.

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.