Senior Commercial Mortgage Underwriter

2 days ago


Toronto, Ontario, Canada Equitable Bank Full time

**Job Summary**

The Commercial Mortgage Underwriter is a key member of our team at Equitable Bank, responsible for underwriting CMHC-insured and conventional commercial mortgages. As a seasoned professional, you will be responsible for analyzing and underwriting complex commercial credit facilities, ensuring compliance with established lending guidelines and procedures.

**Key Responsibilities**

  • Analyze and underwrite CMHC-insured commercial credit facilities ranging in size from $30MM-$150MM, ensuring compliance with established lending guidelines and procedures.
  • Communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure transactions are processed in a timely and efficient manner.
  • Manage deal flow to meet prescribed deadlines, ensuring timely completion of transactions.
  • Perform various administrative and reporting duties required for the department/Company, relied upon by Senior Management.

**Job Complexities / Thinking Challenges**

The position requires the incumbent to be a self-starter, making sound underwriting decisions as efficiently as possible. Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem solving. The incumbent is required to follow corporate policies, procedures, and regulatory requirements in order to work through files and rationalize the recommendations or decisions made.



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