Underwriter

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

Job summary

Haventree Bank is seeking an Underwriter in Toronto responsible for recommending mortgage applications through in-depth analysis. Applicants should have at least 3 years of experience in residential mortgage lending, with strong organizational and communication skills. Knowledge of B20, AML, and KYC regulations is crucial. The role includes managing applications efficiently and providing excellent customer service to brokers. Bilingual candidates in French are preferred.

Qualifications

• Minimum of 3 years experience underwriting in the residential mortgage lending industry.
• Strong understanding of mortgage review and regulatory legislation like B20, AML, KYC.
• Proven ability to make sound underwriting decisions.

Responsibilities

• Assess up to 4 mortgage applications per day and evaluate documentation.
• Provide excellent customer service with efficient turnaround time to brokers.
• Stay informed of industry knowledge including B20, AML, KYC legislation.

Skills

Mortgage underwriting

Communication with mortgage brokers

Organization skills

Time management

Bilingual in French

Education

University degree or equivalent experience

Tools

Delta 360

Microsoft Outlook

Excel

Word

Job description

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.
• Assess up to 4 mortgage applications per day; evaluate broker documentation and recommend or approve mortgage applications by assessing the 5 C’s of credit: credit, capacity, capital, character, and collateral within established HTB guidelines.
• Fulfill all required conditions and communicate remaining conditions with brokers within SLA.
• Provide excellent customer service, including efficient turnaround time to brokers, while building and maintaining positive working relationships.
• Work in collaboration with the Originations unit to ensure targets are being met and exceeded.
• Stay informed of the latest industry knowledge including B20, AML (Anti-Money Laundering) and KYC (Know Your Customer) legislation.

Qualifications & Experience

• University degree or equivalent experience.
• Minimum of 3 years experience underwriting in the residential mortgage lending industry, preferably in the “Near prime and Alt B” business.
• Strong understanding of residential mortgage review, regulatory legislation (B20, AML, KYC) and proven ability to make sound underwriting decisions.
• Proven ability to clearly communicate with mortgage brokers; maintaining 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.

Equal Opportunity & Accessibility

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].