Manager, Residential Underwriting

1 week ago Be among the first 25 applicantsGet AI-powered advice on this job and more exclusive features.Come join Home Trust Company as an Manager, Residential Underwriting in our Underwriting team at TorontoHome Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.FIRST THING – WHAT YOU NEED TO SUCCEED?We are looking for individuals who are dedicated, passionate, and driven to execute with excellenceBase salary, with yearly incentive performance bonusThree (3) weeks of vacation, an additional six (6) flex days (sick or personal) in addition to statutory holidaysComprehensive benefit packages, offered through ManulifeGroup Retirement Savings Plan (GRSP) up to 8% contribution program & employer match$1000 Employee Referral ProgramEmployee Discounts; phone plans, gym membership, Toronto Bike Share and many retailer discounts offered through WorkPerksEducation Assistance programABOUT THE ROLEThe Manager, Residential Underwriting leads a group of underwriting professionals, ensuring adjudication of mortgage applications are in accordance with the 5 C’s (Capacity, Capital, Collateral, Character, Conditions). Assessing risk and ensuring all applications adhere to both quality and service standards remain the overarching focus for this role through coaching and mentoring their respective teams. The role is an important part of the company’s operation and is expected to partner with the business to responsibly grow the company’s portfolio within the context of the business objectives.RESPONSIBILITIESLead and develop a highly capable and engaged workforce of credit professionals to ensure applications are decided upon within the company’s risk appetite and established service level agreements.Regularly coach and develop direct reports and support employee development across the unit/company.Meet all financial operating requirements including behaving in a fiscally responsible manner and in compliance with all internal operating control standards.Foster a team environment focused on achieving all departmental objectives and goals in support of the business plan.Monitor productivity and workflow to ensure optimal team efficiency and quality in adjudicating prospect applications.Refine, deliver and promote underwriting processes and best practices in support of a culture of service excellence.Appropriate actions post funding review and Loan Review findings at the Underwriter and Mortgage Officer level to ensure effective decision processes are maintained.Review, analyze and verify mortgage applications for completeness, accuracy, suitability, and risk to ensure compliance with all aspects of Home Trust Company’s underwriting policies, procedures, and guidelines per delegated authority metrics.Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing, and internal Anti-Fraud Policy requirements.File Unusual Transaction Reports as applicable to fulfil individual employee obligations to detect and deter financial crimes activity.Maintain consistent, objective and sound risk assessments in a high volume, service-oriented environment.Effectively manage Underwriters’ delegated lending authority to ensure authority is consistent with capability and capacity.Take a hands‑on leadership approach to make prudent credit decisions on complex mortgage files.Review and approve loan terms and pricing according to originations’ recommendation to meet the interests of the client and Home Trust’s risk tolerance.Ensure team members are adhering to assigned Service Level Agreements for each underwriting and fulfillment process.Effectively partner with the Sales Business Development Managers and other Operations groups to ensure a seamless as possible effective and efficient application and funding process.Communicate effectively with all internal and external partners and manage escalations as appropriate.Adhere to defined Service Level Agreement in acknowledging applications and following up on additional required information.WHAT WE REQUIREAuthorized to work in CanadaExcellent written / verbal communication and professional maturityPost‑secondary degree or diploma, preferably in business management, finance, or related field (university an asset)Strong interpersonal relationship building and listening skills3-5 years leading a team within mortgage lendingPREREQUISITEMaintain a positive supportive attitude, help to maintain an inclusive and supportive company cultureFollow us on LinkedIn: Home Trust Company: My Company | LinkedInReferrals increase your chances of interviewing at Home Trust Company by 2xGet notified about new Residential Manager jobs in Toronto, Ontario, Canada.Seniority levelMid-Senior levelEmployment typeFull‑timeJob functionFinance, Other, and Strategy/PlanningWe’re unlocking community knowledge in a new way. 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