Senior Commercial Mortgage Underwriter, CMHC

7 months ago


Toronto, Canada Equitable Bank Full time

The core parts of your role would be to:

On a daily basis, the incumbent will analyze and underwrite CMHC-insured commercial credit facilities ranging in size from $30MM-$150MM together with additional credit related and administrative duties, for all mortgage product types. Attention must be made to ensure that compliance with the company’s established lending guidelines and procedures are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner (60%).On a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and funding deadlines. (20%).On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines (10%).On a monthly basis, the incumbent will be responsible for various administrative and reporting duties required for the department/Company which will be relied upon by Senior Management (10%).Bilingualism is an assetProficient underwriting skills with a minimum 4 years’ commercial mortgage experience underwriting experienceDemonstrated service excellence within their fieldPost-secondary education (diploma/degree) preferred , preferably in business or financeGood working knowledge of MS Office (primarily Word and Excel)Effective analytical and problem solving skillsStrong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage marketEstablished organizational skillsAbility to handle multiple competing prioritiesGood time management skillsExcellent communication skills, both oral and writtenAbility and desire to attend industry-related events as required

Job Complexities / Thinking Challenges

The position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible. Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem solving. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. In some cases, viability is assessed with limited access to information or documentation.#LI-Hybrid

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