Underwriter

Haventree Bank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A private Canadian Schedule 1 bank in Toronto is hiring an Underwriter to evaluate mortgage applications and manage loans. The ideal candidate will have at least 3 years of underwriting experience in residential mortgage lending and strong knowledge of regulatory legislation. This role requires excellent communication skills and a proficiency in MS Office tools. The position offers competitive compensation and a commitment to diversity and inclusion.

Benefits

Commitment to accessibility

Diversity, equity, and inclusion initiatives

Qualifications

• Minimum of 3 years underwriting experience in residential mortgage lending.
• Strong understanding of B20, AML, and KYC regulations.
• Ability to review broker documentation and recommend applications.

Responsibilities

• Evaluate mortgage applications and analyze documents thoroughly.
• Manage the pipeline to ensure timely receipt of documentation.
• Maintain positive relationships with mortgage brokers.

Skills

Strong knowledge of residential mortgage review

Excellent communication skills

Organizational skills

Time management

Bilingual in French

Education

University degree or equivalent experience

Tools

Microsoft Outlook

Microsoft Excel

Microsoft Word

Delta 360

Job description

Overview

Join to apply for the Underwriter role at Haventree Bank.

Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits. We help hardworking Canadians from coast-to-coast achieve homeownership by offering flexible mortgage solutions. Our insured GIC deposits offer competitive rates and are available through a variety of wealth management platforms.

About Haventree Bank

Headquartered in Toronto, Ontario, Haventree Bank (Haventree) is a mission-driven alternative mortgage lender. The name Haventree symbolizes the bank’s mission to help its customers find refuge and establish new roots. Haventree aims to be a catalyst for financial security and upward mobility for Canadians underserved by traditional financial institutions.

Position Summary

Reporting to the Director of Mortgage Originations, the Underwriter is responsible for evaluating mortgage applications, analyzing documents thoroughly, and managing loans from application to completion.

Major Duties & Responsibilities

• Manage the pipeline effectively to ensure timely receipt of documentation.
• Assess up to 4 mortgage applications daily by reviewing broker documentation and recommending or approving applications based on the 5 C’s of credit: credit, capacity, capital, character, and collateral, within HTB guidelines.
• Fulfill all conditions and communicate remaining requirements with brokers within SLA.
• Provide excellent customer service with efficient turnaround times, maintaining positive relationships with brokers.
• Collaborate with the Originations team to meet and exceed targets.
• Stay informed about industry regulations including B20, AML, and KYC legislation.

Qualifications & Experience

Degrees, Diplomas & Certifications :

• University degree or equivalent experience required.

Experience :

• Minimum of 3 years underwriting experience in residential mortgage lending, preferably in Near Prime and Alt B segments.
• Strong knowledge of residential mortgage review, regulatory legislation (B20, AML, KYC), and sound underwriting decision-making skills.
• Excellent communication skills for engaging with mortgage brokers, including negotiation and sales abilities.
• Strong organizational, time management, and multi-tasking skills.
• Proficiency in Microsoft Outlook, Excel, Word, and underwriting / servicing platforms such as Delta 360.
• Bilingual in French is an asset.

Additional Information

• We thank all applicants; only those selected for an interview will be contacted.
• Haventree Bank is committed to accessibility and will accommodate applicants as needed.
• Personal information collected during recruitment is subject to our Privacy Policy.
• For other roles or to stay connected, visit Careers | Haventree Bank or follow us on LinkedIn.
• We promote diversity, equity, and inclusion. Contact [e-mail] for accommodations.

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