Underwriter

Zohorecruit; Montreal (administrative region); Hybrid; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Zohorecruit in Montreal, Quebec is hiring an Intermediate Underwriter for Residential Mortgages on a hybrid basis. The role focuses on negotiation, approval, and risk assessment within established client processes and authority limits of up to $1,500,000.

It requires 3–4 years of residential mortgage underwriting experience, experience with RESL, and strong document review and risk mitigation skills. The contract runs 6 months with potential extension and conversion.

Qualifications

• 3-4 years retail mortgage underwriting experience.
• RESL underwriting (real-estate secured lending)
• Decisioning with approval authority
• Experience reviewing documents (income, down payment, offers)
• Experience handling exceptions
• Good understanding of risk mitigation

Responsibilities

• Decision-making and approval within authorized lending limit up to $1,500,000.
• Assess information and documentation to support each credit application.
• Handle inquiries from internal and external partners (insurers, appraisers, solicitors).
• Review and recommend to Manager or senior underwriter when above authority limit.
• Manage high volumes to meet timelines with a high level of quality and due diligence.

Skills

Underwriting

Risk assessment

Analytical

Communication

Decisioning

Education

Bachelor degree

Tools

Outlook

Excel

Job description

We are urgently hiring Underwriter - Intermediate(Residential Mortgages)

Location : Montreal, Quebec (Hybrid - Onsite once a week for the first 5 )

Duration: 6 months contract with convert to Full Time, however could be extended based on volume.

Job Description

• Decision- Maker -Negotiate, approve, decline and recommendapplications, within established Client processes, guidelines andauthorized lending limit of up to $1,500,000, including residentialmortgage, real estate secured and unsecured applications.
• Analytical - Gather, review and assess information and documentation tosupport each credit application within Client risk parameters andInsurers guidelines, if applicable.
• Relationship building -Handle, as required, correspondence and telephone inquiries frominternal business partners and external business partners such asinsurers, appraisers and solicitors.
• Risk- Assessment- Review,prepare and make considered recommendations to Manager or seniorunderwriter where residential mortgage application is above authoritylimit.
• Agile - Manage high work volumes to meet short time lineswith a high level of quality and due diligence. You will also beexpected to review a variety of lending products on a day to day basis.

Must Have Requirement

• 3-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.
• RESL specific Underwriting (Real-estate Secured Lending)
• Decisioning experience with approval authority
• Experience in reviewing and evaluating documents (income, down-payment, offers, etc..)
• Experience in exceptions rational (*they will be making exceptions themselves)
• Good Understanding of risk mitigation

Nice to Have

• Any broker or underwriting course experience
• Outlook and Excel skills
• A university Degree
• Familiarity with Canadian Rules and Regulation