Residential Mortgage Underwriter, Specialized Credit

Equitable Bank; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Toronto is looking for a candidate to manage mortgage applications. Responsibilities include verifying documentation, ensuring compliance with policies, and building strong relationships with brokers. The ideal candidate has over two years of mortgage experience, excellent attention to detail, and communication skills. This position offers competitive benefits and a hybrid work model.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Generous vacation policy and personal days

Annual professional development allowance

Comprehensive Career Development program

Qualifications

• 2+ years' mortgage experience in the prime and/or alternative mortgage market.
• Ability to build strong broker relationships leading to excellent customer service.
• Knowledge of fraud risk in the mortgage industry.

Responsibilities

• Review applications and verify supporting documentation promptly.
• Follow up with brokers on issued mortgage commitments.
• Ensure compliance with lending policies and procedures.
• Field inquiries and provide underwriting expertise to mortgage brokers.

Skills

Multi-tasking

Attention to detail

Knowledge of AML & ATF practices

Organizational skills

Time management

Analytical skills

Decision-making under pressure

Communication skills

Education

Post-secondary degree in a financial field

Tools

MS Office (Word and Excel)

Job description

The Core Responsibilities!

• On a daily basis, the incumbent must promptly review received applications, verify the supporting documentation to ensure accuracy and legitimacy, approve, decline or refer the applications for approval. The incumbent is also responsible to ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions / documents and ensuring compliance with established guidelines.
• The incumbent will follow up with brokers daily on issued mortgage commitments to ensure that funding volumes are maximized.
• The incumbent will review documentation for accuracy and legitimacy placing a strong emphasis on anti-money laundering (AML) and anti-terrorist financing (ATF) requirements, including but not limited to, income and down payment verification.
• The incumbent will strive to ensure that mortgage files are in compliance with the Company’s and the mortgage default insurers’ established lending policies and procedures.
• As required, assist the team with reporting, file management and data integrity requirements.
• The incumbent is responsible for the management of their deal flow in order to meet prescribed deadlines and SLAs. The incumbent will make diligent use of reports to track and manage the flow of all deals funding for their pipeline.
• On a daily basis, incumbents must provide the highest level of internal and external customer service while fielding mortgage broker inquiries and building strong broker relationships.
• On a daily basis, be the main point of contact and provide underwriting expertise to mortgage brokers, provide assistance to co-workers when required to meet the Company’s service levels and maintain up to date knowledge of company and insurers policies and products. Additionally, the incumbent is expected to provide guidance to more junior staff as required.
• Develop strong broker relationships including in person meetings to help drive excellent NPS results without sacrificing credit quality

Let’s Talk About You!

• Sound thinker with the ability to multi-task
• Excellent attention to detail
• Sound knowledge of AML & ATF practices
• Established and meticulous organizational skills
• Excellent time management, analytical and problem-solving skills
• Ability to make decisions under pressure
• Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner
• Displays pride in providing superb customer service
• 2+ years’ mortgage experience in the prime and / or alternative mortgage market
• Proficiency in MS Office (mainly MS Word and Excel)
• Completion of a post-secondary degree preferably in a financial field
• Knowledge of fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation is required

What we offer

[For full-time permanent roles] Competitive discretionary bonus, Market leading RRSP match program, Medical, dental, vision, life, and disability benefits, Employee Share Purchase Plan, Maternity / Parental top-up while you care for your little one, Generous vacation policy and personal days, Virtual events to connect with your fellow colleagues, Annual professional development allowance and a comprehensive Career Development program, A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience. The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.]