Underwriter
Underwriter
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Job Description
Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits. We help hardworking Canadians from coasttocoast 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 is representative of the banks mission to help its customers find a place of refuge and to lay down new roots for the future. Haventree exists to be a catalyst of financial security and upward mobility for Canadians who are underserved by the traditional financial system.
Position Summary:
Reporting to the Director of Mortgage Originations the Underwriter is responsible for recommending customers mortgage applications. Including indepth 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.
- Assesses up to 4 mortgage applications per day. Evaluating brokers documentation and recommending/approving mortgage applications by assessing the 5 Cs of credit including credit capacity capital character and collateral within established HTB guidelines.
- Fulfills all conditions required and communicates remaining conditions with the brokers within SLA.
- Provides excellent customer service including efficient turnaround time to brokers while building and maintaining positive working relationships.
- Works in collaboration with the Originations unit to ensure targets are being met and exceeded.
- Stays informed of the latest industry knowledge including: B20 AML (AntiMoney Laundering) and KYC (Know Your Customer) legislation.
Qualifications & Experience:
Degrees Diplomas & Certifications:
- The position requires a university degree or equivalent experience.
Years and Range of Experience Required to Perform the Job:
- The position requires at least 3 years experience underwriting in the residential mortgage lending industry preferably in the Near prime and Alt B business.
- A strong understanding of residential mortgage review regulatory legislation (B20 AML and KYC) and the proven ability to make sound underwriting decisions.
- Proven ability to clearly communicate with mortgage brokers; maintain successful relationships that include negotiation and sales skills.
- Strong organization time management and multitasking skills.
- Comfortable using Microsoft Outlook Excel Word underwriting and servicing software platforms or Delta 360.
- Bilingual in French is an asset
While we thank everyone for their interest in Haventree Bank please note that only candidates selected for an interview will be contacted. Haventree Bank is committed to providing accommodation when needed. If you require an accommodation we will work with you to meet your needs.
- As a job candidate our recruitment process includes collecting personal information. Please click the link here to review our Privacy Policy.Privacy Statement Haventree Bank
- Stay in touch with us if this position is not the right one for you please click on this link for other roles atCareers Haventree Bankor follow us on LinkedIn atwww.linkedin/company/haventreebank/
- 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
Employment Type
Full-Time
