Mortgage Underwriter
North York, ON, Canada
Job Description
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Work Location: 895 Don Mills Road, North York Work Hours: Monday to Friday - 10 AM to 6 PM (Saturday- WFH) About Urban Money: Urban Money Inc is a fast-growing mortgage brokerage company operating in the Greater Toronto Area. Our mission is to provide top-notch mortgage solutions to our clients through our industry expertise and personalized approach. We offer a friendly and dynamic work environment that fosters growth and innovation. At Urban Money, we value autonomous functioning, ethical approach towards work and an entrepreneurial mindset. By joining our team, you will have the opportunity to work in a fast-paced work environment, where you can make a meaningful impact for your clients while contributing to your professional development and the growth of the company. Role Summary: The Underwriter works closely with the Mortgage Agents and Brokers to provide our clients with the best options. This position consists of administrative tasks, maintaining relationships and connecting our mortgage agents and brokers with various lending options. The role requires you to communicate in a professional and timely manner, and to maintain discretion always This Underwriter position has a huge potential for growth as our company is growing rapidly. Duties and Responsibilities:
- Investigate and evaluate mortgage and loan applications, ensure compliances with organizational processes, aligning with senior management as needed
- Coordinate and analyze credit applications and ensure consistent, objective, and sound credit decisions are made
- Ensure mortgage applications are completed within a specific time frame
- Structure files to ensure that transactions are processed in a timely and efficient manner
- Ensure that the application paperwork is accurate and complete
- Verify data and information on mortgage applications with third parties as required
- Collect and review the required documentation while working with lending partners to satisfy conditions
- Send the mortgage paperwork to the applicable financial institution for approval
- Work closely with lending partners to resolve issues while maintaining a great working relationship
- Ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines.
- Provide best-in-class support to the clients as they progress through the application process
- Remain professional when dealing with lenders, clients, and mortgage brokers
- Maintain up to date knowledge of lending options
- Update mortgage brokers about the status of their deals within an appropriate time frame
- Conduct oneself through the proper policies and procedures created by Urban Money and the mortgage industry
- Build rapport with internal and external stakeholders and maintain working relationships with assigned external client groups
- Resolve any escalated credit issues, reply to internal and external client queries, and communicate credit decisions and recognizes when issues require escalations
- Post-secondary degree or diploma in a related field
- At least 5 years of experience in a Mortgage Underwriter capacity and or comparable experience in a similar role
- Understanding of the mortgage industry and lifecycle
- Understanding of credit and underwriting practices, and lending products
- Understanding of the financial services industry, its independent distribution channels, and the regulatory environment
- Be able to provide administrative services such as corporate searches, title pulls, tax requests, etc\xe2\x80\xa6
- Be able to handle administrative duties in an organized, efficient, and accurate manner; be detail oriented
- A team player with strong interpersonal skills
- Be able to provide training to mortgage brokers on an array of different topics and concepts
- Help new and experienced brokers place deals with lenders
- Ability to work under tight deadlines and maintain composure under pressure
- Expertise in alternative, private and construction financing would be an asset
- Should possess a self-starter mentality and work ethic
- Proficiency in computer skills, including MS Products and Lending Operating systems; capacity to quickly learn new technologies/systems required
- Willing to obtain Mortgage Broker license
- On-site parking
- 8 hour shift
- Commission pay
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Job Detail
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Job IdJD2315674
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationNorth York, ON, Canada
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EducationNot mentioned