Underwriter

Haventree Bank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

Haventree Bank is seeking an Underwriter to join their team in Toronto. The role involves analyzing mortgage applications, ensuring timely documentation, and collaborating with brokers to provide quality service. Candidates should have a university degree, at least 3 years of experience in mortgage underwriting, and possess strong communication and organizational skills.

Qualifications

• At least 3 years experience underwriting in the residential mortgage lending industry.
• Strong understanding of residential mortgage review and regulatory legislation.
• Bilingual in French is an asset.

Responsibilities

• Assess mortgage applications and recommend approvals based on established criteria.
• Provide excellent customer service and maintain positive relationships with brokers.
• Stay informed on industry knowledge including B20, AML, and KYC legislation.

Skills

Communication

Organization

Time Management

Negotiation

Sales Skills

Education

University degree or equivalent experience

Tools

Microsoft Outlook

Microsoft Excel

Microsoft Word

Underwriting Software Platforms

Delta 360

Job description

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Talent Acquisition Specialist @ Haventree Bank | Recruitment Strategy | Talent Attraction | Candidate Experience

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 is representative of the bank’s mission to help its customers find a place of refuge and to lay down new roots for the future. Haventree exists to be a catalyst of financial security and upward mobility for Canadians who are underserved by the traditional financial system.

Position Summary:

Reporting to the Director of Mortgage Originations, the Underwriter is responsible for recommending customer’s mortgage applications. Including in-depth analysis of document review and managing loan from application to completion stage.

Major Duties & Responsibilities:

• Effective “pipeline management” to ensure documentation is received on time.
• Assesses up to 4 mortgage applications per day. Evaluating broker’s documentation and recommending/approving mortgage applications by assessing the 5 C’s of credit including credit, capacity, capital, character and collateral within established HTB guidelines.
• Fulfills all conditions required and communicates remaining conditions with the brokers within SLA.
• Provides excellent customer service, including efficient turnaround time to brokers, while building and maintaining positive working relationships.
• Works in collaboration with the Originations unit to ensure targets are being met and exceeded.
• Stays informed of the latest industry knowledge including: B20, AML (Anti-Money Laundering) and KYC (Know Your Customer) legislation.

Qualifications & Experience:

Degrees, Diplomas & Certifications:

• The position requires a university degree or equivalent experience.

Years and Range of Experience Required to Perform the Job:

• The position requires at least 3 years experience underwriting in the residential mortgage lending industry, preferably in the “Near prime and Alt B” business.
• A strong understanding of residential mortgage review, regulatory legislation (B20, AML and KYC) and the proven ability to make sound underwriting decisions.
• Proven ability to clearly communicate with mortgage brokers; maintain successful relationships that include negotiation and sales skills.
• Strong organization, time management and multi-tasking skills.
• Comfortable using Microsoft Outlook, Excel, Word, underwriting and servicing software platforms or Delta 360.
• Bilingual in French is an asset

While we thank everyone for their interest in Haventree Bank, please note that only candidates selected for an interview will be contacted. Haventree Bank is committed to providing accommodation when needed. If you require an accommodation, we will work with you to meet your needs.

• As a job candidate, our recruitment process includes collecting personal information. Please click the link here to review our Privacy Policy. Privacy Statement | Haventree Bank
• Stay in touch with us, if this position is not the right one for you – please click on this link for other roles at Careers | Haventree Bank or follow us on LinkedIn at www.linkedin.com/company/haventree-bank/
• Haventree Bank embraces equal opportunity, diversity, and inclusion. Please let us know if you require any accommodations during the recruitment and selection process by contacting [e-mail]

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Quality Assurance

• Industries

  Financial Services and Banking

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