Underwriter

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

Job summary

A financial services organization is seeking a Residential Mortgage Underwriter in Toronto to review and assess mortgage applications, ensuring compliance with regulations while working in a hybrid setting. Candidates should have a minimum of 3 years' experience with a focus on B lending or mortgage fulfillment, strong analytical skills, and proficiency with mortgage software. The role offers a competitive salary, bonus structure, and a comprehensive benefits package, alongside 3 weeks of vacation.

Benefits

3 weeks vacation

Bonus structure

Full benefits package

Qualifications

• 3+ years of experience as a Residential Mortgage Underwriter.
• Strong understanding of underwriting principles.
• Ability to work independently in a hybrid setting.

Responsibilities

• Review and assess residential mortgage applications.
• Analyze credit, income, and other risk factors.
• Communicate underwriting decisions clearly and professionally.

Skills

Attention to detail

Analytical skills

Communication skills

Tools

Mortgage software platforms

Job description

Our client in the Financial Services industry is looking for a perm Residential Mortgage Underwriter to join their team in Toronto. The ideal candidate will bring hands-on experience in B lending and residential underwriting, or a strong background in mortgage fulfillment, and is eager to contribute to a dynamic and fast-paced lending environment.

This is a hybrid role (in office 3 days a week) in downtown Toronto. This role offers 3 weeks vacation, a bonus structure and a full benefits package.

Roles and Responsibilities

Review and assess residential mortgage applications to ensure compliance with internal guidelines and lending policies

Analyze credit, income, property, and other risk factors to determine borrower eligibility

Ensure all required documentation is complete, accurate, and meets regulatory and company standards

Collaborate with mortgage brokers, business development managers, and internal teams to obtain necessary information and resolve issues efficiently

Communicate underwriting decisions and conditions clearly and professionally

Maintain strong knowledge of B lending policies, industry regulations, and real estate market trends

Contribute to ongoing process improvements within the underwriting and funding cycle

Meet service-level agreements (SLAs) and turn-around times while maintaining quality and risk standards

Qualifications and Skills

3+ years of experience as a Residential Mortgage Underwriter, preferably within a B lender environment or strong experience in mortgage fulfillment with a deep understanding of underwriting principles

Familiarity with alternative lending guidelines, credit adjudication, and risk assessment

Proficiency with mortgage software platforms and underwriting tools

Excellent attention to detail, analytical skills, and decision-making abilities

Strong communication and interpersonal skills to work effectively with internal and external stakeholders

Ability to work independently in a hybrid setting, with 3 days per week required in-office in Toronto