Underwriter

We are urgently hiring Underwriter- Intermediate for one of our banking & financial service client.

Duration: 6 months contract (extension possible)

Location: Toronto, ON (5 week in person classroom training later fully remote)

Responsibilities:

• Decision- Maker -Negotiate, approve, decline and recommend applications, within established Client processes, guidelines and authorized lending limit of up to $1,500,000, including residential mortgage, real estate secured and unsecured applications.

• Analytical – Gather, review and assess information and documentation to support each credit application within Client risk parameters and Insurers guidelines, if applicable.

• Relationship building – Handle, as required, correspondence and telephone inquiries from internal business partners and external business partners such as insurers, appraisers and solicitors.

• Risk- Assessment- Review, prepare and make considered recommendations to Manager or senior underwriter where residential mortgage application is above authority limit.

• Agile – Manage high work volumes to meet short time lines with a high level of quality and due diligence. You will also be expected to review a variety of lending products on a day to day basis.

Must Have Requirement:

• 3-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.

• RESL specific Underwriting (Real-estate Secured Lending)

• Decisioning experience with approval authority

• Experience in reviewing and evaluating documents (income, down-payment, offers, etc..)

• Experience in exceptions rational (*they will be making exceptions themselves)

• Good Understanding of risk mitigation

Nice to Have:

• Any broker or underwriting course experience

• Outlook and Excel skills

• A university Degree

• Familiarity with Canadian Rules and Regulation

Bilingual – French