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Underwriter

Underwriter

Bay Street StaffingToronto, ON, Canada
10 days ago
Job description

We are urgently hiring Underwriter- Intermediate for one of our banking & financial service client.

Duration : 6 months contract (extension possible)

Location : Toronto, ON (5 week in person classroom training later fully remote)

Responsibilities :

  • Decision- 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

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    Underwriter • Toronto, ON, Canada