Underwriter

Our client, a Top 5 Bank in Canada is looking to hire an Underwriter to their team for an initial 6-month contract with a possibility of extension / conversion.

This role is currently hybrid, 1-2 days a month in office in Toronto.

You will be responsible for supporting the review and approval of residential mortgage and real estate applications. As an Underwriting Analyst, you will play a crucial role in ensuring that applications are processed in a timely and effective manner, following established guidelines and authorized lending limits.

Responsibilities Include :

• Evaluate residential mortgage and real estate applications by meticulously reviewing documentation and information provided, ensuring alignment with CIBC risk parameters and applicable insurers' guidelines.
• Utilize negotiation skills to make informed decisions on applications, including approval, recommendation, or decline, adhering to established processes and authorized lending limits.
• Conduct thorough risk assessments and prepare comprehensive recommendations for Manager or senior underwriter consideration when dealing with residential mortgage applications that surpass the established authority limit.
• Manage correspondence and inquiries from internal business partners and external stakeholders such as insurers, appraisers, and solicitors.

Cultivate effective working relationships to facilitate the underwriting process.

• Demonstrate strong analytical skills in gathering, reviewing, and assessing credit information. Ensure that all credit applications meet quality standards and comply with established guidelines.
• Work efficiently in a fast-paced environment, managing high work volumes and meeting short timelines. Demonstrate adaptability by reviewing a variety of lending products on a daily basis while maintaining a high level of due diligence and quality in underwriting processes.

Must Have Qualifications :

• 2-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.
• 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.
17 days ago