Residential Underwriter

**Position**: Residential Underwriter **Reports To**: Director, Underwriting

**Company**:Magenta Capital Corporation **Supervises**: 0

**Location**: Toronto, Ottawa, Perth, ON **Travels**: 0%

**About Magenta**

Since 1994, Magenta has been one of Canada’s leading residential private Mortgage Investment Companies (MIC). Our purpose is to connect people with opportunities to build a better tomorrow. We manage a portfolio of primarily residential first mortgages secured by properties located in Ontario. As a leader in the alternative mortgage lending space, Magenta provides easy and reliable financing solutions for broker servicing the need of alternative borrowers. Magenta also provides personalized service and reliable income for investors who are looking for an investment that delivers attractive returns and generates wealth.

Magenta is a Great Place to Work certified company with a culture of innovation, inclusivity, empowerment. We offer a rewarding career opportunity that includes a competitive compensation package and remote-first work environment.

Magenta is positioned to leverage its track record, core competencies, and market position to seize opportunities in the alternative mortgage market. We are looking for curious and industrious professionals who want to make meaningful contributions and value personal growth and professional development.

**_
A Message from our founder and CEO:_**
- “If you believe that tomorrow matters,_
- If you and only you can define your tomorrows and write your own unique, epic life story,_
- If you want to be part of a dynamic team with that shared conviction,_
- If you want to be part of a great Canadian business success story,_
- If you want to be an owner and not just an employee,_
- Then we want to meet you”_

**_
~Gavin Marshall~_**

**About your Role**

We’re looking for a Senior Underwriter with experience working in a fast-growing, entrepreneurial environment. The position requires the ability to make consistent and objective risk assessments as part of a high-volume, deadline-driven team.

**_
What you’ll work on:_**
- Negotiating loan terms to meet the needs of the borrower while following internal risk-tolerance guidelines
- Ensuring compliance with privacy, anti-money laundering, anti-terrorist financing and anti-fraud policies
- Facilitating the handoff of committed files to the Fulfilment and Funding Team
- Working with the Fulfilment and Funding team to bring files to a close
- Collaborating with your teammates and the sales team to support the development of new products and services, while actively identifying improvements to existing offerings
- Collaborating with your team in supporting the continuous improvement and development of process, workflows, and procedures for the Underwriting department

**_
What you should have:_**
- 7+ years of experience in mortgage underwriting; ideally alternative mortgage underwriting
- A common-sense approach to decision making
- The ability to determine when to take the right risks
- Excellent interpersonal and communication skills given the need to optimally manage key relationships with our mortgage broker partners
- Accredited Mortgage Professional (AMP) designation an asset
- Ability to work autonomously and collaboratively

**_
What we offer you:_**
- The opportunity to be a key contributor to our unfolding success story.
- The opportunity to think outside the box - every day.
- MCC’s Employee Share Purchase Plan (“ESPP”).
- Employer-paid benefits.
- Flexible Work Arrangements.
- Compensation commensurate with experience and qualifications.
- An entrepreneurial environment with the opportunity to collaborate across business functions.

We are committed to an inclusive, barrier free recruitment and selection process, and work environment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). We will be happy to assist applicants requesting accommodation at any stage of the hiring process.