Commercial Mortgage Underwriting Specialist

7 days ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
Job Description

The Commercial Mortgage Underwriting Associate, CMHC is a critical member of our growing commercial team. This role is responsible for supporting the underwriting process from deal receipt to funding stages. The incumbent will ensure compliance with established lending and AML guidelines to achieve service goals and department-level targets.

Main Responsibilities:
  • Manage active loans on a daily basis, including set-up of new loans on SIT and RAISE, data management, and processing of CAFS for approved loans.
  • Support Underwriters with due diligence required to obtain Credit approval on new transactions, reviewing and analyzing financial statements, lease agreements, and other 3rd party documents.
  • Communicate regularly with Lending Partners and internal colleagues to ensure timely status updates on loan maturities.
  • Process loan maturities, extensions, and renewals on SIT and RAISE to meet securitization and origination timelines.

Requirements:
  • A minimum of 2 years' commercial mortgage administration experience.
  • Post-secondary education (diploma/degree) preferred, preferably in business or finance.
  • Good working knowledge of MS Office (primarily Word and Excel).
  • Effective analytical and problem-solving skills.
  • Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market.
  • Established organizational skills.
  • Ability to handle multiple competing priorities.
  • Good time management skills.
  • Excellent communication skills, both oral and written.


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