Mortgage jobs in Canada

Job Requisition ID: 11203

Position Status:Permanent Full Time

Position Type:Hybrid

Office Location:Ottawa (ON); Calgary (AB); Halifax (NS); Montreal (QC); Toronto (ON); Vancouver (BC)

Travel Requirement:Limited

Language Designation:Bilingual

Language Skill Levels (Read/Write/Speak):CBC

Security Requirement: Reliability Status

Salary:Our salaries generally range from $84699.11to $105873.89and are based on qualifications and experience.

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:

• Annual paid vacation.
• Annual individual performance incentive.
• Defined benefit pension plan.
• Comprehensive group insurance plan to support your well-being from day one.
• Support towards your personal and professional growth with training, mentorship and more.
• An inclusive workplace culture and environment.
• While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.

About the role

At CMHC, we don’t just underwrite mortgages, we help shape the future of housing in Canada. As the national housing agency and a leader in multi-unit mortgage loan insurance, we support the development of affordable, sustainable, and inclusive communities. Our underwriting decisions directly influence housing policy and enable access to financing for rental housing across the country.

Join the Insurance and Securitization team as a Multi-Unit Underwriter II, where you’ll be responsible for analyzing mortgage insurance applications for properties with over 24 units. In this role, you’ll apply your analytical expertise to assess financial and property-related risks with each multi-unit mortgage loan insurance application, craft tailored recommendations and negotiate terms that align with our underwriting standards.

What you’ll do:

• Lead the underwriting of new construction, complex or higher-risk multi-unit mortgage insurance applications involving properties with over 24 units, including properties with unique financial structures or market conditions, and provide strategic recommendations to senior stakeholders.
• Conduct in-depth analysis of program and product requirements, as well as financial, legal, property, market, borrower, and loan-level reviews.
• Apply sound judgment and decision-making practices that are factual and based on well-reasoned analysis to derive insurance risk recommendations, and mitigation options in line with CMHC's risk appetite.
• Exercise prudence and diligence to ensure compliance with all relevant internal policies and procedures applicable to the function.
• Maintain quality relationships with clients to understand their needs and objectives and explore opportunities.
• Collaborate effectively within a team to enhance service standards and improve turnaround times.
• Engage internal support functions such as legal services, policy and operations, and borrower analysis to seek clarification and concurrence in support of recommendations.

What you should have:

• An undergraduate degree in a relevant field related to real estate such as business administration, accounting, finance or commerce, or an equivalent combination of education and/or experience.
• A minimum of five (5) years of progressive experience in multi-unit underwriting, with demonstrated ability to independently assess and structure complex deals.
• Strong financial analysis skills, including the ability to interpret financial statements and borrower legal structures.
• Strong knowledge of construction financing, multi-unit underwriting, and credit risk analysis, paired with demonstrated analytical, problem-solving, and decision-making abilities.
• Solid oral and written communication skills in both official languages (French and English), with the ability to clearly convey decisions and address objections.
• Proven leadership with the ability to contribute to the development of underwriting best practices, combined with strong interpersonal skills to build and maintain effective relationships with stakeholders.
• Highly organized and detail-oriented, with the ability to manage time effectively and perform under pressure in high-volume environments.
• Self-motivated and able to work independently with minimal supervision, demonstrating a commitment to continuous improvement and a proactive approach to learning and development.

It would be great if you also had:

• Experience or knowledge in property management, real estate appraisal, property inspection, or real estate law is considered an asset.
• Successful completion of a professional association designation such as Certified in Real Estate Finance (CRF), Accredited Appraiser Canadian Institute (AACI), Chartered Accountant (CA), Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), or Certified Property Manager (CPM).
• Experience in building reports and/or in using statistical analysis software such as MS Excel.

Our commitment to diversity, equity, and inclusion

We’re committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply. We also welcome applications from non-Canadians who are eligible to work in Canada.

CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our mission.

Learn more about our commitment to diversity and inclusion

What happens after you apply

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process . If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don’t worry – we're always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around!