Residential Mortgage Underwriter, Specialized Credit (Bilingual)

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Join a Challenger

Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.

Our company continues to grow and today we serve more than 800000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$142 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.

The Work

TheResidential Mortgage Underwriter Specialized Creditis responsible for assessing all new mortgage applications issuing mortgage commitments and collecting required documentation taking the file to thesolicitorinstruction stagein a timely and prudent manner within established guidelines. This must be done as efficiently as possible while exercisingsound lending judgment and without compromising service and profitability.

The Core Responsibilities!

On a daily basisthe incumbentmust promptly review received applications verify the supporting documentation to ensure accuracy and legitimacy approve decline or refer the applications for approval. Theincumbentisalso responsible to ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines.

The incumbent will follow up with brokers daily on issued mortgage commitments to ensure that funding volumes are maximized.

The incumbent willreview documentation for accuracy and legitimacy placing a strong emphasis on anti-money laundering (AML) and anti-terrorist financing (ATF) requirements including but not limited to income and down payment verification.

The incumbent willstrive to ensure that mortgage filesare in compliance withthe Companys and the mortgage default insurers established lending policies and procedures.

As required assist the team with reporting file management and data integrity requirements.

The incumbent is responsible for the management oftheirdeal flowin order tomeet prescribed deadlinesand SLAs. The incumbent will make diligent use of reports to track and manage the flow of all deals funding fortheir pipeline.

On a daily basisincumbents mustprovide the highest level of internal and external customer service while fielding mortgage broker inquiries and building strong broker relationships.

On a daily basis be the main point of contact and provide underwriting expertise to mortgage brokersprovide assistance toco-workers when required to meet theCompanysservice levels and maintain up to date knowledge of company and insurers policies and the incumbent is expected to provide guidance to more junior staff as required.

Develop strong broker relationships including in person meetings to help drive excellent NPS results without sacrificing credit quality

Lets Talk About You!

Sound thinkerwith the ability to multi-task

Excellent attention to detail

Sound knowledge of AML & ATF practices

Established and meticulous organizational skills

Excellent time management analytical and problem-solving skills

Ability to make decisions under pressure

Proven ability to thrive in a constantly changing environment and to perform well in a high volume high intensity environment

Highly developed verbal and written communication skills with the ability torespond in a clearconcise and professional manner

Displays pride in providing superbcustomer service

2 yearsmortgage experience intheprime and/oralternative mortgage market

Proficiency in MS Office (mainly MS Word and Excel)

Completion of a post-secondary degreepreferably in a financial field

Knowledge of fraud risk in the mortgage industry and the ability to address concerns relating to suspected misrepresentation is required
Bilingual in English and French.

What we offer For full-time permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical dental vision life and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

Professional development and comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We cant wait to get to know you!

Join a ChallengerBeing a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate abo...