Commercial Mortgage Underwriter

5 months ago

Burlington, Canada Valour Management Inc Full time

Pro Funds Mortgages is a boutique mortgage brokerage with 30 years of expertise in real estate acquisitions, development, and mortgage finance. We are a fast growing and dynamic team and have an immediate opportunity in our Burlington, Ontario headquarters.

**GENERAL RESPONSIBILITY**

The Commercial Underwriter will be primarily responsible for obtaining approvals, institutionally, and privately on conventional CHMC and insured products. This role supports internal funding requirements, District REIT, Valour Group of Companies, as well as external investors seeking financing.

The Commercial Underwriter will also be responsible for financial modeling, analysis, consolidated budgeting, forecasting, and report writing for the property and development team to provide valuable insights in support of operating and strategic planning initiatives. Other responsibilities may include reviews of exiting projects and joint ventures.

**SPECIFIC RESPONSIBILITIES**
- Act as the first point of contact for investors seeking financing, while maintain superior customer service at all times.
- Writing financial and business plans related to real estate development and property investment opportunities.
- Prepare Mortgage Request Packages for project and properties.
- Assist writing Offering Memorandums and Term Sheets for equity in real estate investments.
- Develop models and other analysis to drive initiatives, monitor trends, identify exceptions and to support budgeting, forecasting, and strategic planning for projects and properties.
- Analyze the profitability, projections, and other financial models to support decision making, financial feasibility and new business initiatives in collaboration with other departments.
- Provide timely and accurate analysis and information concerning, LTV, ROI, and ROE.
- Improve the quality and efficiency of financial reports and models and seek opportunities to streamline analysis and process.
- Take assets that are being acquired or nearing completion of development/construction, and realign with institutional financing.
- Complete due diligence analysis on future opportunities.
- Ensure compliance with all aspects of Pro Funds Mortgages underwriting policies, procedures and guidelines per delegated authority matrices.
- 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.
- Work effectively with all internal business partners to improve underwriting systems to maximize effectiveness and achieve excellence.
- Remain current on latest developments within the real estate industry and market trends to secure competitive advantage.
- Make prudent credit decisions on complex mortgage files.
- Prepare files and recommend mortgage deals for final approval.
- Issue mortgage commitment according to negotiated and approved terms.
- Be a team player and rise above to help with reasonable duties as assigned.

**REQUIREMENTS**
- Minimum 7-years commercial mortgage underwriting experience as an analyst with a major commercial bank.
- Experience generating individual borrower risk rating for commercial borrowers.
- Experienced in conducting financial analysis of accountant prepared financial statements.
- Experience with Moody’s risk analytics.
- Ability and expertise to compile financial forecasts, construction budgets, experience in reviewing quantity surveyor construction reports.

**WHAT WE OFFER**

We are a work environment that cares about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. At Pro Funds Mortgages and Valour Group, you will have the ability to make a difference and have a lasting impact. We are committed to continuous learning and professional development with excellent opportunity for advancement within the organization.
- Join a dynamic, collaborative, high performing team of professionals.
- Work in a modern, spacious office, with impressive amenities.
- Excel with opportunities professional development and career advancement.
- Participate in frequent employee engagement events.
- Receive a competitive salary and health benefits plan.

**Benefits**:

- Dental care
- Paid time off
- Tuition reimbursement

Schedule:

- 8 hour shift
- Monday to Friday

Ability to commute/relocate:

- Burlington, ON L7N 3T2: reliably commute or plan to relocate before starting work (required)

Work Location: In person

  • Commercial Mortgage Underwriter

    5 months ago

    Burlington, Canada Mortgage Alliance Full time

    **Brief Description** **A Growing Company. Endless Career and Development Opportunities.** When you join Vision Capital Partners, you’ll be part of a dynamic team that’s focused on delivering great customer experiences. Our culture is centered around people and guided by our unrelenting focus on our clients. If you have an entrepreneurial spirit and...

  • Strategic Commercial Mortgage Finance Leader

    2 weeks ago

    Burlington, Ontario, Canada Royal Bank of Canada Full time

    Job Title: Associate Director, Commercial Mortgage FinanceJob SummaryWe are seeking a highly skilled Associate Director, Commercial Mortgage Finance to join our team at the Royal Bank of Canada. As a key member of our commercial mortgage finance team, you will be responsible for developing and delivering strategies to support the execution of sales plans...

  • Commercial Mortgage Finance Director

    2 weeks ago

    Burlington, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryJob DescriptionWhat is the opportunity?As a Commercial Mortgage Finance Director at Royal Bank of Canada, you will develop and deliver strategies to support the execution of sales plans within an assigned market territory and segment. You will contribute to a differentiated client experience by providing Commercial Mortgage services to new and...

  • Strategic Commercial Mortgage Finance Leader

    3 weeks ago

    Burlington, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryOpportunity OverviewAs a Strategic Commercial Mortgage Finance Leader at Royal Bank of Canada, you will develop and execute strategies to support the execution of sales plans within an assigned market territory and segment. You will contribute to a differentiated client experience by providing Commercial Mortgage services to new and existing...

  • Mortgage Agent

    5 months ago

    Burlington, Canada LeSolace Corporation Full time

    **About us** We are professional, agile, and professional. Our work environment includes: - Modern office setting - Food provided - Work-from-home days Overview: We are seeking a highly motivated Mortgage Agent to join our team. As a Mortgage Agent, you will play a crucial role in assisting clients with their mortgage needs. This is an exciting...

  • Associate Director, Commercial Mortgage Finance

    2 weeks ago

    Burlington, Canada Royal Bank of Canada Full time

    Job Summary Job Description What is the opportunity? As an Associate Director, Commercial Mortgage Finance, you will develop and deliver strategies to support the execution of the sales plans within an assigned market territory and segment. You will contribute to a differentiated client experience providing Commercial Mortgage services to new and existing...

  • Associate Director, Commercial Mortgage Finance

    3 weeks ago

    Burlington, Canada Royal Bank of Canada> Full time

    Job SummaryJob DescriptionWhat is the opportunity?As an Associate Director, Commercial Mortgage Finance, you will develop and deliver strategies to support the execution of the sales plans within an assigned market territory and segment. You will contribute to a differentiated client experience providing Commercial Mortgage services to new and existing...

  • Mortgage Specialist

    3 weeks ago

    Burlington, Ontario, Canada BMO Full time

    BMO Mortgage Specialist Job DescriptionAt BMO, we're seeking a skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you'll play a crucial role in helping customers achieve their dream of homeownership. Your expertise will be invaluable in guiding customers through the mortgage application process, ensuring a seamless and stress-free...

  • Mortgage Specialist

    4 weeks ago

    Burlington, Ontario, Canada BMO Full time

    About the RoleBMO is seeking a highly skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will play a critical role in helping customers achieve their dream of home ownership by providing expert guidance and support throughout the mortgage application process.Key ResponsibilitiesBuild and maintain relationships with referral networks...

  • Mortgage Specialist

    4 weeks ago

    Burlington, Ontario, Canada BMO Full time

    About the RoleBMO is seeking a highly skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will play a critical role in helping customers achieve their dream of home ownership by providing expert guidance and support throughout the mortgage application process.Key ResponsibilitiesBuild and maintain relationships with referral networks...

  • Junior Underwriter

    5 months ago

    Burlington, Canada Modern Specialty Insurance Ltd. Full time

    **Position Description**: This position is responsible for the underwriting of Transportation accounts, including but not limited to new business, quotes, endorsements, renewals, and claims underwriting review. The junior underwriter’s primary focus is on the Transportation Program and Commercial Property and Casualty product lines. They collaborate...

  • Mortgage Specialist

    2 months ago

    Burlington, Ontario, Canada BMO Full time

    About the RoleBMO is seeking a highly skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will play a critical role in helping customers achieve their dream of home ownership by providing expert guidance and support throughout the mortgage application process.Key ResponsibilitiesBuild and maintain relationships with referral networks...

  • Mortgage Specialist

    2 months ago

    Burlington, Ontario, Canada BMO Full time

    About the RoleBMO is seeking a highly skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will play a critical role in helping customers achieve their dream of home ownership by providing expert guidance and support throughout the mortgage application process.Key ResponsibilitiesBuild and maintain relationships with referral networks...

  • Mortgage Specialist

    4 weeks ago

    Burlington, Ontario, Canada BMO Full time

    About the RoleBMO is seeking a skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will play a critical role in helping customers achieve their dream of home ownership.Key ResponsibilitiesCultivate and build relationships with referral networks to generate new mortgage business and increase BMO's share of the home financing...

  • Mortgage Specialist

    4 weeks ago

    Burlington, Ontario, Canada BMO Full time

    About the RoleBMO is seeking a skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will play a critical role in helping customers achieve their dream of home ownership.Key ResponsibilitiesCultivate and build relationships with referral networks to generate new mortgage business and increase BMO's share of the home financing...

  • Junior Transportation Underwriter

    5 months ago

    Burlington, Canada Modern Specialty Insurance Ltd. Full time

    **Position Description**: This position is responsible for the underwriting of Transportation accounts, including but not limited to new business, quotes, endorsements, renewals, and claims underwriting review. The junior underwriter’s primary focus is on the Transportation Program and Commercial Property and Casualty product lines. They collaborate...

  • Mortgage Specialist

    2 weeks ago

    Burlington, Ontario, Canada BMO Full time

    Mortgage Specialist Job DescriptionAbout the Role:BMO is seeking a skilled Mortgage Specialist to join our team. As a Mortgage Specialist, you will be responsible for cultivating and managing relationships with a referral network to build a pipeline of new mortgage business and increase BMO's share of the home financing market.Key...

  • Mortgage Specialist

    5 months ago

    Burlington, Canada BMO Financial Group Full time

    1841 Walkers Line Burlington Ontario,L7M 0H6 Cultivates, builds, and manages relationships with a referral network to build a pipeline of new mortgage business and increase BMO’s share of the home financing market. Actively identifies sales opportunities and refers to BMO colleagues as appropriate. Develops and executes effective marketing and sales...

  • Manager, Tcubp

    5 months ago

    Burlington, Canada CUMIS Services Incorporated Full time

    Company: CUMIS Department: CU & Specialty Distribution Employment Type: Regular Full-Time Work Model: Hybrid Language: English is required, French is an asset. **The Opportunity**: We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this...

  • Commercial Real Estate Law Clerk

    1 week ago

    Burlington, Canada Li Cheng Professional Corporation Full time

    Must be fluent in English. Must have access to a vehicle. Required skills: - Expert in Teraview - Expert in Microsoft Office - Working knowledge of Clio - Expert knowledge of Closer/LawyerDoneDeal/Realtiweb conveyancing platform - Expert knowledge in reviewing and process title and mortgage requirements - Expert commercial real estate conveyancing...