Mortgage Underwriter, Third Party Residential Underwriting – BMO Broker Edge

1 week ago


Old Toronto, Ontario, Canada First National Financial Full time
Mortgage Underwriter, Third Party Residential Underwriting – BMO Broker Edge (BMBE)

Tuesday, May 21, 2024

Working together to achieve excellence

First National, Canada's largest non-bank lender, has been originating and servicing commercial and residential mortgages since 1988. With over 1,000 dedicated team members, we focus on hiring top talent who are passionate about success and teamwork. By offering continuous coaching, development opportunities, and a culture that values hard work and collaboration, we empower our team to lead, learn, and thrive.

If you're ready to join First National's dynamic team, work hard, and have fun along the way, we encourage you to apply online and share how you can contribute to our success story.

We are seeking a Mortgage Underwriter, Third Party Residential Underwriting – BMO Broker Edge (BMBE)

Reporting To:

Manager, Third Party Residential Underwriting – BMBE

Full-Time/Part-Time:

Full-time

Posting Date:

May 17, 2024

Closing Date:

May 31, 2024

Hours of Work:

8:30 a.m. – 5:00 p.m.

Grade:

Office Location:

12.7

Downtown Toronto

Conveniently located steps away from the main public transit station

What we offer:

Highly competitive compensation package including base salary, bonus, benefits, and opportunities for career growth

*Eligibility for benefits is subject to employment terms

The Opportunity:

The Third Party Residential Underwriting Division of First National Financial offers underwriting services to the Canadian Mortgage Broker channel. As a Residential Mortgage Underwriter, you will analyze credit applications, ensure compliance with policies, and focus on delivering exceptional service.

Primary Duties and Responsibilities:

  • Establish and nurture positive relationships with mortgage brokers to foster loyalty
  • Maintain strong partnerships with external stakeholders like mortgage insurers, appraisers, and solicitors
  • Review and make credit decisions on mortgage applications within set limits
  • Collaborate with Mortgage Insurers for credit decisions as necessary
  • Conduct thorough reviews of documentation to mitigate risks
  • Issue mortgage commitments in line with service level agreements
  • Prioritize applications based on risk assessments while ensuring excellent service
  • Stay updated on industry trends and market competition

Skills and Attributes:

  • Ability to build and maintain positive relationships
  • Effective written and verbal communication skills
  • Conflict resolution and analytical skills
  • Strong organizational and time management abilities
  • Team player with mentoring capabilities
  • Proficiency in problem-solving and decision-making
  • Competent in using PC software and Microsoft Office
  • Ability to work well under pressure in a high-volume environment
  • Adherence to policies to meet AML requirements

Education/Certification/Experience Requirements:

  • Post-secondary education or equivalent work experience
  • Minimum 2 years of mortgage underwriting experience
  • Completion of Mortgage Agent Course and/or FICOM License is a bonus
  • Proficiency in PC software within a Windows environment

First National will assist successful candidates in obtaining licensing per FICOM requirements if not already licensed upon joining. This includes necessary educational courses and exam registration.

  • Modern open concept office layout
  • On-site kitchen facilities with complimentary coffee and latte
  • Supportive team-focused atmosphere
  • Opportunities for community involvement through charity events
  • Regular social events for team bonding
  • Comprehensive training programs for employee development

First National is an equal opportunity employer, promoting diversity and inclusion without regard to various factors. We support accommodation requests from applicants with disabilities; please contact Human Resources for assistance.

We appreciate all applications, and only selected candidates will be contacted for interviews.



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