Underwriter

Haventree Bank; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player in the Canadian financial sector is seeking a skilled Underwriter to join their mission-driven team. This role involves evaluating mortgage applications, analyzing documentation, and ensuring efficient loan processing. The ideal candidate will bring at least three years of underwriting experience, strong communication skills, and a solid understanding of regulatory frameworks. Join a company that values diversity and inclusion, and play a key role in helping Canadians achieve homeownership through flexible mortgage solutions. This is a fantastic opportunity to make a meaningful impact in the community while advancing your career in a supportive environment.

Qualifications

• Minimum of 3 years underwriting experience in residential mortgage lending.
• Strong knowledge of regulatory legislation and sound underwriting decision-making.

Responsibilities

• Evaluate mortgage applications and manage loans from application to completion.
• Provide excellent customer service and maintain positive relationships with brokers.

Skills

Underwriting Experience

Communication Skills

Organizational Skills

Knowledge of B20, AML, KYC

Negotiation Skills

Bilingual in French

Education

University Degree or Equivalent Experience

Tools

Microsoft Outlook

Microsoft Excel

Microsoft Word

Delta 360

Job description

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.