Overview
We are seeking a detail-oriented and analytical Mortgage Underwriter to join our financial services team. The ideal candidate will evaluate mortgage loan applications by assessing borrower creditworthiness, financial stability, and risk factors. This role is essential in ensuring responsible lending practices and maintaining the integrity of our mortgage portfolio. The Mortgage Underwriter will utilize research skills, financial analysis, and risk assessment expertise to make informed lending decisions that align with company policies and regulatory standards.
Responsibilities
- Review and analyze mortgage loan applications, supporting documentation, and credit reports to determine eligibility.
- Conduct comprehensive research on borrower financial histories, employment status, and property details.
- Assess risk factors associated with each loan application using established underwriting guidelines.
- Evaluate investment-related information to ensure compliance with investment banking standards and financial regulations.
- Collaborate with loan officers and other stakeholders to clarify application details or request additional information as needed.
- Reaching out to old customers coming up for renwal or ones that have applied online and converting them to live file and closing file
- Understanding on A, B and Private underwriting
- Stay updated on industry trends, regulatory changes, and best practices in mortgage lending and risk analysis.Experience
- Proven experience in financial services, investment banking, or related fields involving research and risk analysis.
- Strong understanding of mortgage products, credit analysis, and lending regulations.
- Experience with using velocity or fiolgix or similar lending product.
- Prior experience in mortgage underwriting or a similar role is required
- Must be licensed Mortgage Broker in BC
Pay: $41,390.57-$87,620.72 per year
Benefits:
Work Location: In person
