Underwriter

Laurentian Bank; Toronto; Hybrid; CAD 70,000 - 95,000; Full time

Job summary

Laurentian Bank seeks a Mortgage Underwriter responsible for managing the end-to-end mortgage adjudication process. This role requires proven underwriting experience, strong analytical skills, and offers a hybrid work model along with a competitive benefits package. Bilingual proficiency in French and English is essential, along with a strong understanding of credit standards and regulations.

Benefits

Comprehensive benefits package

Performance bonuses

Hybrid work model

Stock purchase plan

Generous paid time off

Health and wellness programs

Insurance

Pension plan

Exclusive employee discounts

Qualifications

• Proven experience in residential mortgage underwriting.
• Bilingual in French and English.
• Knowledge of lending solutions including construction financing.

Responsibilities

• Oversee the mortgage adjudication process from origination to funding.
• Approve or decline mortgage applications within discretionary limits.
• Ensure compliance with AML and anti-terrorism standards.

Skills

Analytical skills

Decision-making

Problem-solving

Time management

Education

Post-secondary degree or diploma

Tools

MS Office

Job description

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At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses, and communities thrive. Today, we have over 2,800 employees working together as One Team, providing a broad range of financial services and advice-based solutions across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

Role Overview

The Mortgage Underwriter is responsible for the end-to-end mortgage adjudication process from origination to funding, ensuring adherence to Laurentian Bank underwriting guidelines and operating procedures.

Key Responsibilities

• Contribute to the effective processing and approval of mortgage applications from origination channel partners.
• Determine and obtain pertinent credit information, conduct due diligence, and meet credit and quality standards, including AML and anti-terrorism standards.
• Input data accurately into underwriting systems and decide on application outcomes.
• Within discretionary limits, approve, decline, or suggest alternatives for mortgage applications, and escalate qualified applications for further review.
• Issue and follow-up on mortgage commitments and conditions.
• Obtain mortgage insurer approval for insured loans.
• Order and review appraisals for conventional mortgages.
• Assemble and analyze all relevant documentation for timely processing.
• Verify data accuracy and communicate lending policies effectively.
• Meet productivity and service level targets.
• Stay updated on legislation, policies, and insurer requirements.

Qualifications

• Proven experience in residential mortgage underwriting with credit authority limits specified.
• Bilingual in French and English, both verbal and written.
• Knowledge of prime and alternative lending solutions, including construction financing.
• Post-secondary degree or diploma with at least 3 years of relevant experience.
• Strong analytical, decision-making, and problem-solving skills.
• Understanding of industry regulations and distribution channels.
• Results-oriented with excellent time management and attention to detail.
• Proficiency in MS Office.
• Professional proficiency in both French and English.

Laurentian Bank offers a comprehensive benefits package, including competitive salary, performance bonuses, hybrid work model, stock purchase plan, generous paid time off, health and wellness programs, insurance, pension plan, and exclusive employee discounts.

Inclusion & Accessibility

We promote an inclusive work environment and encourage applications from diverse groups. Accommodations are available upon request.