Entry level mortgage underwriter Jobs in Old toronto, ON

UnderwriterToronto, ON (3 / 4 days onsite while training)6M Contract (Potential for Conversion / Extension)Line of Business : CREDIT ADJUDICATION - Infrastructure Team Culture? The Credit Adjudication team makes credit decisions on applications submitted, asses applications & reviews, completes and supports the servicing of the applications until they are moved to the funding team. Supporting specifically secured lending.Job Description : The Analyst, Underwriting is responsible for supporting the review and approval of residential mortgage and real estate applications in a timely and effective manner. The role follows detailed instructions and documented procedures to negotiate, approve, recommend, or decline residential secured and unsecured mortgages and real estate applications within established guidelines and authorized lending limits. The Analyst, Underwriting uses judgement regarding priorities and approaches to review credit information by gathering and critically assessing property-specific third party due diligence reports and negotiating terms for marginal applications. The role provides specialized advice and guidance on company policy, procedures, and security value estimates, resolving basic problems within the scope of their job.How you'll succeedDecision- 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