Residential Underwriter

Fairstone; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading alternative lender in Canada is seeking a Residential Underwriter to join their Toronto team. This role involves adjudicating mortgage applications and making prudent credit decisions while ensuring compliance with underwriting policies. Candidates should have 3-5 years of mortgage lending experience and a degree in business or finance. The position offers competitive salary, benefits, and a strong emphasis on employee well-being in a positive work culture.

Benefits

Base salary with yearly performance bonus

Three weeks of vacation plus additional flex days

Comprehensive benefit packages

Education Assistance program

Qualifications

• Authorized to work in Canada.
• 3-5 years of mortgage lending experience.
• Ability to maintain a positive, inclusive company culture.

Responsibilities

• Adjudicate mortgage applications by assessing prospective clients according to the 5 C's.
• Make prudent credit decisions on complex mortgage files.
• Review and verify mortgage applications for completeness and compliance.
• Maintain detailed notes on applications and prepare conditional mortgage commitments.

Skills

Great communication skills

Education

Post-secondary degree or diploma in business management, finance or related field

Job description

Come join Home Trust Company as a Residential Underwriter in our Underwriting Classic - Toronto team !

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 8 0 0 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people . Home Trust is a private company.

FIRST THING – WHAT YOU NEED TO SUCCEED?

We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!

WE CARE ABOUT OUR EMPLOYEES WELL-BEING, WHAT WE OFFER:

• Base salary, with yearly incentive performance bonus
• Three (3) weeks of vacation, an additional six (6) flex days (sick or personal) in addition to statutory holidays
• Comprehensive benefit packages
• Group Retirement Savings Plan (GRSP)
• Employee Discounts; phone plans, gym membership, Toronto Bike Share and many retailer discounts offered through WorkPerks
• Education Assistance program

ABOUT THE ROLE:

The Residential Underwriter will adjudicate mortgage applications by assessing prospective clients in accordance with the 5 C's (Capacity, Capital, Collateral, Character, and Conditions). Assessing risk and ensuring all applications adhere to both quality and service standards remain the overarching focus for this role.

In addition:

• Make prudent credit decisions on complex mortgage files
• Receive, review, analyze and verify mortgage applications for completeness, accuracy, suitability and risk to ensure compliance with all aspects of Home Trust Company’s underwriting policies, procedures and guidelines per delegated authority matrices
• Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements
• File Unusual Transaction Reports as applicable to fulfill individual employee obligations to detect and deter financial crimes activity. Maintain consistent, objective and sound risk assessments in a high volume, service-oriented environment
• Analyze and underwrite residential mortgage applications, including an assessment of the borrower, real estate security and loan terms as well as identifying any associated risk
• Negotiate, recommend and approve loan terms within Home Trust’s risk appetite
• Maintain accurate information and detailed notes on applications
• Prepare and issue conditional mortgage commitments according to negotiated and approved terms, which outline all conditions that must be met to Home Trust’s satisfaction

WHAT WE REQUIRE:

• Authorized to work in Canada
• Great communicationskills
• Post-secondary degree or diploma, preferably in business management, finance, or related field (university an asset)
• 3-5 years mortgage lending experience

PREREQUISITE:

Maintaina positive supportive attitude, help tomaintainan inclusive and supportivecompanyculture!

WE ARE PROUD TO BE RECOGNIZED AS

Great Place to Work ® Canada for 2025 and Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

Learn more:

https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn:

https://www.linkedin.com/company/fairstone/mycompany/

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type:

Full time Job Type:Permanent