Underwriter

Join to apply for the Underwriter role at Haventree Bank

Overview

Haventree Bank is a private Canadian Schedule 1 bank specializing in alternative mortgage programs and insured GIC deposits. We help hardworking Canadians from coast-to-coast achieve homeownership by offering flexible mortgage solutions. Our insured GIC deposits offer competitive rates and are available through a variety of wealth management platforms. Headquartered in Toronto, Ontario, Haventree Bank (Haventree) is a mission driven alternative mortgage lender. The name Haventree is representative of the bank’s 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 in-depth 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.
• Assess up to 4 mortgage applications per day, evaluating brokers’ documentation and recommending/approving mortgage applications by assessing the 5 C's of credit (credit, capacity, capital, character and collateral) within 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 and KYC 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 multi-tasking skills.
• Comfortable using Microsoft Outlook, Excel, Word, underwriting and servicing software platforms or Delta 360.
• Bilingual in French is an asset.

Haventree Bank embraces equal opportunity, diversity, and inclusion. If you require accommodations during the recruitment and selection process, please contact accessibility@haventreebank.com.

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