Mortgage Underwriter, Third Party Residential Underwriting-MBBS

We are hiring a Mortgage Underwriter, Third Party Residential Underwriting-MBBS

Reporting To:

Manager, Third Party Residential Underwriting-MBBS

Full-Time/Part- Time:

Full-time

Posting Date:

November 24, 2025

Closing Date:

December 8, 2025

Hours of Work:

8:30 a.m. – 5:00 p.m.

Grade:
Office Location:     

12.7
Toronto, ON
Great location Steps away from the main public transit station

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities
*Eligibility for benefits is dependent on the terms of employment

The Opportunity:
Reporting to the Manager, Third Party Residential Underwriting-MBBS, the Residential Mortgage Underwriter is responsible for rendering credit decisions on incoming applications within their authorized limits and with adherence to company and insurer policies and guidelines while focusing on service excellence.  The Mortgage Underwriter has responsibility for applying due diligence when reviewing required documentation to ensure accuracy and to protect the Company from risk. Manage files from the time they are committed by the underwriter until all the broker's conditions are met on the commitment.

How you will contribute:

Establishes and maintains positive relationships with mortgage brokers to build loyalty to the Company
Maintains positive relationships with external partners such as mortgage insurers, appraisers, title insurance companies, and solicitors
Interacts with mortgage brokers for the collection of all required documents to satisfy mortgage commitment conditions
Reviews and verifies accuracy of required documentation related to income, down payment and the property using sound due diligence and in compliance with internal and regulatory guidelines prior to signing off on any mortgage conditions or documents, where applicable
Escalates any documentation issues to the Underwriter for review and sign off
Documents clear and complete notes within the mortgage underwriting system
Responds to all inquiries within established turnaround times
Adhere to policies/procedures to ensure AML requirements are met

Skills and Attributes:

Ability to build and maintain positive relationships
Strong aptitude for service excellence
Strong communication skills—both written and verbal
Ability to manage and resolve conflict
Strong analytical skills
Attention to detail
Organizational and time management skills
Positive team player with desire and ability to mentor others
Effective problem solving and decision making skills
Fully competent in working with basic PC software and working knowledge of the suite of Microsoft office products
Ability to manage pressure in an environment of high volume processing with tight turnaround times
Adhere to policies/procedures to ensure AML requirements are met

The experience you need:

Completed post-secondary education or equivalent work experience required
Minimum 2 years previous mortgage underwriting experience required
Completion of Mortgage Agent Course and/or FSRA License an asset
Working knowledge of PC software in a Windows environment required

In accordance with the Financial Services Regulatory Authority (FSRA), if a successful candidate is not already licensed, upon starting with First National, they will be registered for the applicable educational courses and upon successful completion of the exam, First National will register them with FSRA to complete the licensing process.
 
Working Environment and Physical Demands Analysis:

Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program

Why join First National?

Competitive Compensation
Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
Hybrid working environment
Extensive training programs to set our employees up for success
Modern office environment conducive to collaboration
Supportive teamwork culture
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year

The team you'll join:
Founded in 1988, First National is one of Canada's largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada's largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
   
We would like to thank all applications for their interest in this existing vacancy but only candidates selected for an interview will be contacted.
 
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.
 
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process.
 
#FNUWON
 
 

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