Residential Underwriter, Toronto

Home Trust Company; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Home Trust Company is seeking a dedicated Residential Underwriter for their Toronto team. This role involves assessing mortgage applications, making credit decisions, and ensuring compliance with policies. The successful candidate will have 3-5 years of mortgage lending experience and a degree in a related field.

Benefits

Three weeks of vacation

Six flex days (sick or personal)

Comprehensive benefit packages

Group Retirement Savings Plan (GRSP)

Employee discounts

Education Assistance program

Qualifications

• 3-5 years mortgage lending experience.
• Authorized to work in Canada.
• Post-secondary education is preferred.

Responsibilities

• Adjudicate mortgage applications and assess risks.
• Negotiate and approve loan terms.
• Ensure compliance with underwriting policies.

Skills

Risk Assessment

Credit Decision Making

Attention to Detail

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 800 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!

• 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, offered through Manulife
• Group Retirement Savings Plan (GRSP) up to 8% contribution program & employer match
• 1000 Employee Referral Program
• 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
• Post-secondary degree or diploma, preferably in business management, finance, or related field (university an asset)
• 3-5 years mortgage lending experience

PREREQUISITE : Maintain a positive supportive attitude, help to maintain an inclusive and supportive company culture!

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