Mortgage Underwriter

Intermediate Underwriter – Residential and Real Estate Secured Lending (Bilingual French/English)

Location: Toronto, ON

Work Schedule: 37.5 hours/week, hybrid onboarding with in-office once per week for the first five weeks

Hourly Rate: $40-45/hour, incorporated rate

About the Role

We are seeking experienced Intermediate Underwriters to join a dynamic Credit Adjudication team focused on Residential Mortgages and Real Estate Secured Lending (RESL). The team plays a central role in reviewing, assessing, and adjudicating mortgage and real estate lending applications, ensuring risk is managed effectively, and that all lending decisions comply with established guidelines and authority limits.

This role provides the opportunity to work within a high-volume, cross-functional environment, collaborating with business partners, insurers, appraisers, and solicitors, while delivering accurate, high-quality credit assessments. The role is ideal for professionals who have direct underwriting experience, decision-making authority, and a strong analytical and risk management skillset.

Responsibilities

Underwriters in this role will:

• Review and assess residential mortgage and real estate secured lending applications in a thorough and timely manner.
• Exercise sound underwriting judgment by approving, declining, or recommending applications within established lending authority.
• Analyze supporting documentation, including income verification, employment stability, down payments, property appraisals, offers to purchase, and other relevant materials.
• Apply risk mitigation strategies and document exceptions clearly and professionally.
• Engage with internal teams and external stakeholders to address questions or clarify information.
• Manage high-volume workloads while maintaining a high level of quality, accuracy, and adherence to turnaround timelines.
• Explain and justify underwriting decisions with clarity, including the rationale for approvals, declines, or exceptions.

Qualifications and Experience

The ideal candidate will possess:

• 3–4 years of hands-on residential mortgage underwriting experience, with exposure to real estate secured lending.
• Bilingual proficiency in French and English, both written and verbal.
• Proven experience exercising decision-making authority in underwriting, including approving, declining, and recommending applications.
• Ability to evaluate and document exceptions, as well as assess credit risk and mitigation strategies.
• Familiarity with Canadian lending rules and regulations.
• Strong analytical, organizational, and time management skills to handle multiple applications in a high-volume environment.
• Experience working with technology-driven systems and adaptability to evolving processes.

Additional Assets

• Completion of broker or underwriting courses
• Proficiency in Microsoft Office, particularly Excel and Outlook
• University degree in finance, business, or related field
• Familiarity with reporting, credit risk documentation, and workflow management tools

Competencies

Successful candidates will demonstrate:

• Excellent written and verbal communication skills
• Strong attention to detail and ability to manage complex information
• Confidence in negotiating and decision-making
• Ability to adapt and thrive in a target-driven, evolving work environment
• Capacity to learn new systems and technologies quickly
• Professionalism in cross-functional and client-facing interactions

Why This Role Is Important

This position offers a meaningful opportunity to contribute to day-to-day credit adjudication, ensuring lending decisions are accurate, compliant, and risk-aware. The team environment provides extensive onboarding and continuous learning opportunities. High-performing professionals in this role will have the potential to transition to a permanent position or extend their contract based on performance and business requirements.

How to Apply

Interested candidates are encouraged to submit:

• An updated resume reflecting residential mortgage and RESL underwriting experience, including decisioning authority and exception handling.
• A brief summary of experience that demonstrates alignment with the responsibilities and competencies described.

Candidates should be prepared to discuss their underwriting experience in detail, including examples of decision-making, exception handling, and risk assessment during the interview process.

This posting seeks individuals with a strong underwriting foundation, exceptional analytical skills, bilingual proficiency, and decision-making authority, ready to apply their expertise in a structured and high-performing credit adjudication environment. The role offers a competitive hourly rate of $45/hour, along with the potential for extension or full-time conversion based on performance.

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