Commercial Mortgage Underwriter

20 hours ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
About the Role

We are seeking a highly skilled Commercial Mortgage Underwriter to join our growing and dynamic team at EQ Bank | Equitable Bank. As a key member of our commercial mortgage underwriting team, you will play a vital role in analyzing and underwriting CMHC-insured commercial credit facilities, ensuring timely and efficient processing of transactions, and delivering superior customer service.

Key Responsibilities
  • Analyze and underwrite CMHC-insured commercial credit facilities ranging from $30MM-$150MM, taking into account various credit-related factors and administrative duties.
  • Communicate effectively with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure seamless transaction processing.
  • Maintain thorough knowledge of corporate policies, procedures, and regulatory requirements to rationalize recommendations or decisions made during file reviews.
Requirements
  • A minimum of 4 years' experience in commercial mortgage underwriting, with a proven track record of delivering high-quality results.
  • Strong business sense combined with sound technical knowledge of secured lending and the commercial mortgage market.
  • Excellent problem-solving skills, with the ability to think creatively and proactively.
  • Proficient in MS Office (primarily Word and Excel).
What We Offer

In exchange for your expertise, we offer a competitive salary of $85,000 - $110,000 per annum, depending on your level of experience and qualifications. Our comprehensive benefits package includes medical, dental, and vision coverage, as well as a generous RRSP matching program and opportunities for professional growth and development.



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