Senior Underwriter, Alternative Residential Mortgages

Vault Credit Corporation; Toronto; On-site; CAD 90,000 - 140,000; Full time

Job summary

Vault Credit Corporation in Toronto invites a Senior Underwriter specializing in residential mortgages and alternative lending to join our underwriting team. You will adjudicate complex files within your authority, look beyond scores, and shape how we assess and approve cases while supporting brokers to reach a yes.

As a senior voice on the team, you will help set guidelines, structure solutions with brokers, review appraisals, apply KYC/AML, and monitor market trends to keep our risk balanced

Qualifications

• 5+ years of residential mortgage underwriting experience.
• 3+ years in alternative or non-prime lending.
• Ability to explain decisions to brokers and leadership.

Responsibilities

• Adjudicate alternative residential files within your authority limit, looking past the score to the full story of the borrower, income and property, with clear rationale when needed.
• Contribute to underwriting guidelines, exception criteria and pricing recommendations as our business evolves.
• Structure solutions with brokers on complex files (self-employed, non-traditional income, credit challenges, new-to-Canada, equity take-out) and issue commitments with appropriate conditions.
• Review appraisals and income/employment documents for accuracy and legitimacy; apply KYC/AML requirements and flag fraud or compliance risk.
• Work with the Mortgage Fulfillment team to manage the pipeline and close deals on time.
• Share feedback and experience with colleagues to improve process and turnaround.
• Track the market, competitor offerings and trends, and recommend adjustments.

Skills

Residential mortgage underwriting

Alternative lending

Credit analysis

Risk assessment

Policy writing

Communication

Job description

Vault Credit Corporation in Toronto invites a Senior Underwriter specializing in residential mortgages and alternative lending to join our underwriting team. You will adjudicate complex files within your authority, look beyond scores, and shape how we assess and approve cases while supporting brokers to reach a yes.

As a senior voice on the team, you will help set guidelines, structure solutions with brokers, review appraisals, apply KYC/AML, and monitor market trends to keep our risk balanced