Reverse Mortgage Specialist

Equitable Bank; Calgary; On-site; CAD 70,000 - 90,000; Full time

Job summary

Equitable Bank is seeking a Mortgage Underwriter in Calgary. This role involves reviewing mortgage applications, managing deal flow, and providing expertise to brokers. Ideal candidates will have a background in finance and at least 2 years in mortgage underwriting, preferably with reverse mortgage experience. Competitive salary and benefits offered.

Benefits

Competitive bonus

Market-leading RRSP match

Medical/dental/vision/life/disability benefits

Employee Share Purchase Plan

Parental leave top-up

Generous vacation and personal days

Professional development allowance

Virtual events

Qualifications

• Minimum 2 years’ mortgage experience, preferably with reverse mortgage exposure.
• Meticulous organizational skills and attention to detail.
• Commitment to professional development and industry trends.

Responsibilities

• Review received applications daily and verify documentation for accuracy.
• Serve as the main point of contact providing underwriting expertise.
• Assess applicant’s fit with reverse mortgage criteria.

Skills

Analytical skills

Communication

Time management

Organizational skills

Critical thinking

Education

Post-secondary education in business or finance

Tools

MS Office (Word and Excel)

Job description

Responsibilities:

1. Promptly review received applications daily, verify supporting documentation for accuracy and legitimacy, then approve, decline, or refer applications for approval.
2. Ensure approved deals close as scheduled and efficiently by following up on outstanding conditions/documents and ensuring compliance with guidelines.
3. Follow up with brokers daily on mortgage commitments to maximize funding volumes.
4. Review documentation for accuracy and legitimacy, emphasizing AML and ATF requirements, including income and down payment verification.
5. Serve as the main point of contact, providing underwriting and mortgage fulfillment expertise to mortgage brokers, direct-to-client representatives, and supporting colleagues to meet service levels.
6. Manage deal flow to meet deadlines and SLAs, utilizing reports to track and manage funding pipeline.
7. Assess applicant’s fit with reverse mortgage criteria, including creditworthiness and legal ability to assume a mortgage, performing activities like title searches, property maintenance, appraisal review, and borrower documentation review to meet policies, regulations, and specific requirements.

Qualifications:

1. Post-secondary education in business or finance.
2. Minimum 2 years’ mortgage experience, preferably with reverse mortgage exposure.
3. Strong verbal and written communication skills, responding clearly and professionally.
4. Experience in reverse mortgage or single-family residential mortgage lending is an asset.
5. Excellent time management, analytical, and problem-solving skills.
6. Meticulous organizational skills and attention to detail.
7. Knowledge of AML & ATF practices and fraud risk in the mortgage industry, with the ability to address concerns of misrepresentation.
8. In-depth knowledge of mortgage funding, QA, and underwriting guidelines is an asset.
9. Experience underwriting mortgages across different provinces is an asset.
10. Proficiency in MS Office (Word and Excel).
11. Ability to adapt to a changing, high-volume environment.
12. Ability to build and maintain positive relationships with brokers.
13. Commitment to professional development and industry trends.
14. Critical thinking skills for complex transactions requiring innovative solutions.

What We Offer:

For full-time roles: Competitive bonus, market-leading RRSP match, medical/dental/vision/life/disability benefits, Employee Share Purchase Plan, parental leave top-up, generous vacation and personal days, virtual events, professional development allowance, and a chance to join a top FinTech company creating innovative banking experiences.