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Mortgage Career: CMLS Financial Ltd – Underwriter, Residential Mortgages

CMLS Financial Ltd

Company: CMLS Financial Ltd.
Position Title: Underwriter, Residential Mortgages 
Years of Experience Required: 3+ years
Are licences or registrations required? Sub Mortgage Broker
Location of Position: Toronto, Ont. and Vancouver B.C.
Applicants may contact:


 Underwriter, Residential

Purpose and Summary:
The Underwriter,
Residential Mortgage will work very closely with the residential sales team
throughout Canada. The successful candidate will utilize their detailed
knowledge of the residential mortgage industry, conditions management,
regulatory compliance, and sound decision-making skills to underwrite mortgages
which have been originated through our broker network.



The core responsibilities and accountabilities are:

  • End to End process
  • Adjudicate
    information presented and address any discrepancies or inconsistencies
  • Confirming
    appropriate due diligence has been complete prior to issuing a commitment
  • Verify data to ensure
    it meets with company and insurers guidelines (CMHC, Genworth)
  • Prioritize deals in
    the workflow queue in order to maintain a 4 hour turnaround time
  • Respond to questions,
    concerns email and phone calls within a 2 hour period from all clients with the
    intent to build and maintain relationships
  • Provide our brokers
    with all mortgage options to assist in making an informed decision
  • Correspond with
    mortgage brokers to attain outstanding documentation needed to complete
    requirements as stipulated on the mortgage commitment.
  • Manage the files from
    the time of commitment to all conditions met
  • Provide liaison and
    support for funders
  • Extensive knowledge
    of the documentation required for all mortgage products


Education / Experience / Skills:

  • Demonstrated strong
    sound credit judgment
  • Post-secondary
    education and/or equivalent work experience;
  • Working knowledge of
    residential mortgage legal documentation
  • 3 or more years of
    experience in the mortgage industry (residential mortgage underwriting
    experience is strongly preferred);
  • Ability to understand
    financial statements
  • Proficiency with Microsoft computer applications
  • Extensive knowledge of the review process for all


Start date:  December 3, 2012
Reports to:  Director, Residential Underwriting
Direct reports:  None
Responses requested
by:  November 15th, 2012

 If you are seeking a
challenging and promising career, have proven experience in the mortgage
industry, consider yourself a seasoned underwriter and have a can-do attitude,
please contact us at indicating your interest in the Residential Underwriter Position.
We thank all
applicants, however, we will only contact those selected for an interview.