Mortgage Underwriter

1 week ago


North York, Canada Tembo Financial Full time

Tembo Financial Inc., licensed by the FSRA (Financial Services Regulatory Authority of Ontario), is a non-traditional finance company, offering unique lending services and solutions to its customers. At Tembo Financial we strive to offer our customer, the very best service and products and tailor a solution that fits their needs.

Tembo Financial is a rapidly growing private lender and is looking for an enthusiastic, personable individual to join our Team.

Key Responsibilities:
**Mortgage Underwriting**:

- Analyze financial documents, including income statements, tax returns, and credit reports.
- Assess property valuations and appraisals to ensure compliance with lending guidelines.
- Make informed decisions regarding loan approval or denial based on established criteria.

**Risk Assessment**:

- Stay updated on industry regulations and guidelines to ensure compliance with lending and underwriting standards.

**Documentation and Record Keeping**:

- Prepare and review loan documents, ensuring they are complete and error-free.
- Coordinate with legal and compliance departments to ensure all required documents are in order.

**Client Interaction**:

- Communicate with clients and mortgage brokers to clarify and obtain necessary information.

**Administrative Support**:

- Assist in the overall administration of mortgage files, including but not limited to data entry, filing, payments, and document management.
- Managing existing client’s files, managing payments, payouts, interest rate increases or any other changes that were made to the client’s portfolio during the life of the loan.
- Help streamline and improve internal processes related to mortgage underwriting and administration.
- Working with the company databases, portals, systems. Keep all the files up to date and make necessary changes when required.
- Handle general office administrative tasks, including but not limited to data entry, document management, invoice processing etc.
- Provide administrative support to various teams within the organization.
- Assist with client communications and inbound inquiries.
- Assist with preparing company reports for management.

**Team Collaboration**:

- Collaborate with other team members and lawyers to facilitate efficient loan processing, administrating and closing.
- Providing additional support to the underwriting and administration team wherever necessary

**Compliance and Quality Control**:

- Ensure that all mortgage underwriting activities adhere to regulatory requirements and company policies.
- Participate in quality control and audit processes to maintain high-quality standards.

**Requirements**:

- Bachelor's degree/College Diploma in finance, business, or a related field preferred.
- Ontario Mortgage Agent License
- Prior experience in mortgage underwriting and administration is required.
- Strong knowledge of Private Mortgage Lending.
- Excellent analytical and decision-making skills.
- Exceptional attention to detail and organizational abilities.
- Effective communication and interpersonal skills.
- Proficiency in the following software:

- Mortgage Automator
- Microsoft Excel

At Tembo Financial, we are committed to creating a supportive and inclusive work environment that values diversity. We offer competitive compensation, as well as opportunities for professional development and growth within the company.

FSRA 12598

**Salary**: From $50,000.00 per year

**Benefits**:

- Extended health care

Flexible Language Requirement:

- French not required

Schedule:

- Monday to Friday
- Overtime

Supplemental pay types:

- Bonus pay

Application question(s):

- Do you have experience with Private Mortgage Lending in Ontario?
- Have you used Mortgage Automator?
- Have you worked for a private lender?

**Experience**:

- underwriting: 1 year (preferred)

Licence/Certification:

- Mortgage Agent License (preferred)

Ability to Commute:

- North York, ON M3J 3C6 (required)

Work Location: In person

Expected start date: 2024-03-15



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