Fraud Detection Expert

We are recruiting on behalf of a confidential client in the mortgage brokerage industry.Our client is a growing mortgage brokerage based in Toronto, Ontario, with a consistent and growing volume of...

We are recruiting on behalf of a confidential client in the mortgage brokerage industry.

About Our Client: Our client is a growing mortgage brokerage based in Toronto, Ontario, with a consistent and growing volume of active files. The team operates in a high-volume, fast-paced environment, focused on delivering well-structured mortgage solutions while maintaining strong compliance and clear communication between agents and lenders.

With established systems and steady deal flow, this role offers the opportunity to gain exposure to a wide range of files while working closely with an experienced team.

The Role: The Mortgage Underwriter is responsible for reviewing and structuring mortgage applications submitted by agents within the brokerage. This is a hands-on, underwriting role, ideal for someone mid-stage in their career who is comfortable working in a multi-lender environment and managing multiple files at once.

You will play a key role in ensuring files are accurate, complete, and positioned for successful submission and approval. This role is primarily focused on supporting agent-submitted files and working behind the scenes to structure and prepare deals for lender submission, rather than direct client-facing mortgage advising. This role is a full-time permanent and fully remote position.

1. Credit Review & File Structuring

Application Analysis: Review borrower applications, including income documentation, credit bureau, and property details to assess overall file strength and completeness before submission.

Income Assessment: Evaluate various income types including salaried, hourly, and self-employed / declared income using supporting documentation such as bank statements, NOAs, and financials.

Guideline Alignment: Compare application details against lender guidelines to determine suitability and identify potential concerns early in the process.

Deal Structuring: Recommend appropriate lenders and deal structure based on borrower profile, income type, credit strength, and overall risk positioning.

Risk Identification (Early Triage): Identify inconsistencies, missing documentation, or potential "deal killers" early and work with agents to address gaps before submission.

File Readiness: Ensure files are complete, logical, and submission-ready with a clear narrative for the lender.

Agent Collaboration: Work closely with mortgage agents to clarify missing information, confirm details, and guide files toward a clean and complete submission.

Submission Preparation: Support the preparation of lender submissions through platforms such as Velocity or Filogix, ensuring documentation and notes are accurate and aligned.

Lender Communication: Communicate with lenders to confirm requirements, respond to questions, and help move files forward efficiently.

Condition Awareness: Review and interpret lender conditions at a high level, ensuring agents understand requirements and next steps.

File Progression: Proactively follow up on outstanding items to keep files moving and avoid delays.

Clear Communication: Provide concise, accurate, and timely communication to both agents and lenders, ensuring alignment and minimizing back-and-forth.

3. Compliance, KYC & File Quality

• FSRA Compliance: Ensure all files are handled in accordance with FSRA regulations and brokerage compliance standards.
  
• KYC (Know Your Client): Support the verification of borrower identity, employment, and financial profile to ensure accuracy and completeness.
  
• AML / FINTRAC Awareness: Maintain awareness of Anti-Money Laundering (AML) requirements and elevate any inconsistencies, red