Commercial Mortgage Underwriting Intern

4 weeks ago


Toronto, Ontario, Canada Equitable Bank Full time

Job Summary

The Commercial Mortgage Underwriting Intern will assist the Commercial Mortgage Underwriting team with the underwriting of CMHC-insured commercial mortgage loans. The Intern will be trained on all aspects of underwriting the loans, including analysis of rental income streams, borrower financial strength, and key risk factors inherent in the lending decision.

Main Responsibilities:

  • Analyze and underwrite CMHC-insured commercial mortgage loans, performing annual reviews of the portfolio of CMHC-insured loans.
  • Communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators) to ensure mortgage loan transactions are processed in a timely and efficient manner.
  • Manage deal flow to meet prescribed deadlines.
  • Assist with various credit-related and administrative duties, such as reporting, pipeline management, and ad-hoc projects.

Requirements:

  • Currently enrolled in a University or College program (Finance, Business, Accounting, or Economics is preferred).
  • Demonstrated ability using MS Office (Excel, PowerPoint, and Word).
  • Strong organizational skills and ability to work under pressure and adhere to tight deadlines.
  • Strong attention to detail.
  • Strong analytical skills.
  • Excellent oral and written communication skills.
  • Ability to handle multiple competing priorities.

How to Apply:

  • Submit your application through our company website: Search for Commercial Mortgage Underwriting Intern, CMHC (Fall 2024).
  • Please note that you must be an active student going back to school. Applications from students who have already graduated will not be accepted unless you need to do a co-op placement in order to graduate.
  • Please scan together and submit ONE DOCUMENT that includes your transcripts, resume, and cover letter.

About Equitable Bank:

Equitable Bank is a leading financial institution that offers a range of financial products and services. As a Commercial Mortgage Underwriting Intern, you will have the opportunity to work with a dynamic team and gain valuable experience in the field of commercial mortgage underwriting.



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