Senior Residential Mortgage Underwriter

Community Trust; Toronto; Hybrid; CAD 80,000 - 95,000; Full time

Job summary

A financial institution in Ontario, Canada is seeking a Senior Residential Mortgage Underwriter to handle the credit adjudication process for mortgage applications, ensure compliance with lending criteria, and maintain strong relationships with partners. Candidates should have a minimum of 5 years of experience in residential origination and strong analytical skills. The role offers a hybrid working environment with competitive compensation and a commitment to professional development.

Benefits

Health & wellbeing resources

Paid vacation

Career growth opportunities

Competitive compensation and benefits

Qualifications

• Minimum of 5 years' experience in residential origination, preferably in the alternative lending space.
• Demonstrated ability to provide alternate solutions based on product and guideline availability.
• Exceptional analytical skills and a keen eye for detail.

Responsibilities

• Responsible for full credit adjudication process for mortgage applications.
• Manage portfolio risk and ensure adherence to service standards.
• Identify continuous improvement opportunities and adhere to compliance controls.

Skills

Negotiation

Analytical skills

Customer service

Time management

Relationship building

Education

Post-Secondary Education

Tools

Google Workspace

Job description

3 days ago Be among the first 25 applicants

Questrade Financial Group (QFG), through its companies - Questrade, Inc., Questrade Wealth Management Inc., Community Trust Company, ThinkInsure, Zolo, and Flexiti, provides securities and foreign currency investment, professionally managed investment portfolios, mortgages, insurance, real estate services, financial services and more. Questrade uses cutting-edge technologies to develop innovative products that give customers better, more affordable ways to take control of their money.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, with a hybrid working environment, you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at QFG.

What’s in it for you as an employee of QFG?

• Health & wellbeing resources and programs
• Paid vacation, personal, and sick days for work-life balance
• Competitive compensation and benefits packages
• Work-life balance in a hybrid environment with at least 3 days in office
• Career growth and development opportunities
• Opportunities to contribute to community causes
• Work with diverse team members in an inclusive and collaborative environment

We’re looking for our next Senior Residential Mortgage Underwriter. Could it be you?

The role is responsible for the full credit adjudication process from decisioning mortgage applications based on established lending criteria along with the review and fulfillment of the mortgage conditions. This includes exception management, pricing determinations, and documentation review and acceptance, all while meeting performance targets and ensuring adherence to service standards.

Need more details? Keep reading...

In this role, responsibilities include but are not limited to :

1. Successfully contribute to the Residential Lending results, ensuring growth and profitability targets are being met.
2. Maintain knowledge of Community Trust residential mortgage underwriting policies, procedures, and products.
3. Negotiate, structure, and evaluate received mortgage applications according to internal policies.
4. Manage portfolio risk by exercising consistent, objective, and sound credit decisions within authorized limits, escalating with rationale to support recommendation where appropriate.
5. Issue mortgage commitments with appropriate conditions.
6. Review and decide mortgage documentation to ensure each document is complete and accurate based on Community Trust’s credit policies, procedures, and anti-money laundering requirements.
7. Instruct files to FCT and work together with Residential Funding to ensure timely closings.
8. Partner with Partner Experience to deliver top-tier experience to our partners.
9. Collaborate with Credit Quality Assurance and Funding teams to meet targets.
10. Maintain knowledge of industry trends and market conditions.
11. Ensure accurate record keeping and compliance with company standards.
12. Identify opportunities for continuous improvement.
13. Follow AML procedures on all files with emphasis on “Know Your Client” rules.
14. Proactively identify violations of AML regulations and internal policies, conduct inquiries, and ensure timely corrective actions or escalation.
15. Adhere to compliance and operational risk controls.
16. Manage tasks and cases to meet Service Level Agreements.

So are YOU our next Senior Residential Mortgage Underwriter? You are if you…

1. Have a minimum of 5 years' experience in residential origination, preferably in the alternative lending space
2. Post-Secondary Education preferred.
3. Have working knowledge of Google Workspace applications
4. Can provide alternative solutions based on product and guideline availability.
5. Demonstrate effective organizational and time management skills.
6. Handle multiple tasks and meet deadlines.
7. Are tactful, diplomatic, and politely persistent.
8. Results-oriented.
9. Self-motivated, confident, and capable of working independently and in a team.
10. Bring a positive, can-do attitude, using creative solutions to solve problems.
11. Build healthy working relationships with your team and peers.
12. Work well in a dynamic environment.
13. Are committed to outstanding customer service.
14. Possess analytical skills and attention to detail.
15. Have solid written and verbal communication skills.
16. Have strong negotiation and sales skills.
17. Understand characteristics and risk factors of various loan types.

Sounds like you? Click below to apply!

At Questrade Financial Group of Companies, we are committed to fostering a diverse, inclusive, and accessible work environment. We value the unique skills and experiences you bring. Our team reflects the diversity of the communities we serve, helping us push boundaries and innovate in fintech.

Questrade’s Applicant Tracking System utilizes AI for application screening. Final decisions are subject to human review.

Candidates selected for interviews will be contacted directly. If you need accommodations during the recruitment process, please let us know.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance and Sales