Senior Mortgage Underwriter Surrey

The HR Pro

Job Location:

Surrey - Canada

Monthly Salary: $ 90000 - 90000

Posted on: 2 days ago

Vacancies: 1 Vacancy

Job Summary

Our Client: Our client is a growing and well-established mortgage brokerage based in Surrey British Columbia known for delivering thoughtful mortgage solutions and maintaining strong lender relationships. The brokerage has built a reputation for excellent client service smart deal structuring and consistent production through a strong referral network.

The team operates in a collaborative high-performance environment where underwriting expertise and lender negotiation skills are highly valued. With a steady pipeline of files and clear internal processes this role allows an experienced underwriter to focus on structuring deals navigating complex files and securing the strongest possible mortgage approvals for clients.

This opportunity is ideal for an experienced underwriter who will work directly with the Team Lead and their clients and who enjoys solving challenging mortgage scenarios and thrives in a fast-paced brokerage environment where precision accountability and client outcomes matter.

The Role: The Senior Mortgage Underwriter is responsible for the credit analysis deal structuring and lender negotiation phases of the mortgage process. The primary objective is to secure the best possible Mortgage Commitment for the client while protecting the brokerages license through strict adherence to compliance and AML guidelines.

Once the commitment is signed and the initial conditions are understood the file is handed off to the Fulfillment Team for completion and funding.

This is an in-office role based in Surrey BC working closely with the Lead Broker and operations team in a collaborative brokerage environment.

1. Credit Analysis & Deal Structuring

Detailed Risk Assessment: Analyze client applications credit bureaus and income documentation to calculate accurate Debt Service Ratios (GDS/TDS) and Net Worth prior to submission.
Strategic Structuring: Structure complex files (including self-employed rental portfolios and bruised credit) to fit specific lender guidelines.
Triage: Identify "deal killers" or application weaknesses early; propose alternative solutions B-Lender strategies or credit repair plans to the Lead Broker.
Product Knowledge: Maintain expert-level knowledge of lender products policies and rate sheets to ensure the client is placed with the optimal lender.

2. Lender Submission & Negotiation

Submission Management: Prepare comprehensive submission notes ("the story") and submit deals using Expert Finmo or Velocity.
Approval Acquisition: Manage the file from submission to Mortgage Commitment answering lender queries and satisfying initial "submission conditions."
Negotiation: Proactively negotiate with lender underwriters to overturn declines request rate exceptions or waive unnecessary conditions.
Commitment Review: Audit the Mortgage Commitment for accuracy (rate term conditions) before presenting it to the client.

3. Compliance & Risk Management

KYC & AML: Perform mandatory Know Your Client (KYC) verification and Anti-Money Laundering (AML/FINTRAC) checks during the file setup stage.
Fraud Prevention: Scrutinize documents for authenticity and consistency to prevent mortgage fraud.
CRM Data Integrity: Ensure all file details notes and status updates are entered accurately into BluMortgageto maintain data integrity for reporting.

4. Client Consultation & The Hand off

Client Advisory: Review the Mortgage Commitment with the client (or support the Lead Broker in doing so) to explain terms rates and required documentation.
The Hand off: Prepare the file for the Fulfillment/Closing Team. This includes:

Ensuring the Commitment is signed.
Creating a clear list of outstanding conditions.
Conducting a brief handover note/meeting to flag sensitive client details or complex lender requirements.

Requirements

5 years mortgage underwriting experience within a brokerage or lending environment
Strong experience with complex files including self-employed borrowers rental portfolios and credit-challenged applicants
Advanced knowledge of GDS/TDS calculations credit analysis and mortgage structuring
Experience submitting deals through Expert Finmo Velocity or similar mortgage platforms
Familiarity with BluMortgage CRM or comparable systems
Strong understanding of FINTRAC AML and mortgage compliance requirements
Exceptional attention to detail and documentation accuracy
Strong communication skills with the ability to explain mortgage commitments clearly to clients
Ability to manage multiple files simultaneously in a fast-paced high-volume environment
Highly organized proactive and solution-oriented

Required Skills:

5 years mortgage underwriting experience within a brokerage or lending environment Strong experience with complex files including self-employed borrowers rental portfolios and credit-challenged applicants Advanced knowledge of GDS/TDS calculations credit analysis and mortgage structuring Experience submitting deals through Expert Finmo Velocity or similar mortgage platforms Familiarity with BluMortgage CRM or comparable systems Strong understanding of FINTRAC AML and mortgage compliance requirements Exceptional attention to detail and documentation accuracy Strong communication skills with the ability to explain mortgage commitments clearly to clients Ability to manage multiple files simultaneously in a fast-paced high-volume environment Highly organized proactive and solution-oriented

Our Client: Our client is a growing and well-established mortgage brokerage based in Surrey British Columbia known for delivering thoughtful mortgage solutions and maintaining strong lender relationships. The brokerage has built a reputation for excellent client service smart deal structuring and ...