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Company: Street Capital Financial
Position Title: Senior Mortgage Underwriter – Toronto, Calgary, Vancouver
Previous Experience Required? Yes
Licences or Registrations Required: No
Location of Position(s): Toronto, On; Calgary, Alta.; Vancouver, B.C.
Applicants may contact: alexandra.wharin@streetcapital.ca
Senior Mortgage Underwriter –
Toronto, Calgary, Vancouver
Street Capital Financial is a
Canadian-owned and operated residential mortgage lender. Street Capital lends
through a mortgage broker specific origination channel. Street Capital is
dedicated to growing loan origination through this channel and is committed to
innovative product development. Our employees are focused on providing world
class service to clients, business partners and referral sources.
Duties and Responsibilities:
To review, process and approve residential mortgage
applications, received from mortgage brokers, in a timely and effective manner
resulting in the achievement of Street Capital’s mortgage targets.
1. Negotiate, approve, recommend, decline, within established guidelines
and authorized lending limits, residential mortgage applications to be secured
by new or existing real estate.
- Review credit information.
- Review real estate appraisals
for consistency with prevailing market conditions. - Negotiate terms and conditions
on all mortgage applications.
2. Authorize advances of funds, set interest rate and level payment
amount.
3. Follow up on outstanding conditions/documents.
- Perform due diligence or
underwriting documents and sign off on conditions. - Handle as required,
correspondence and telephone inquiries from mortgage brokers and solicitors.
4. Prepare and issue mortgage commitments within specified turnaround
time.
5. Submit applications for Insurer approval.
Job Complexities:
- Managing work volumes to meet
short time lines with a high level of quality - Evaluating real estate and
associated risks in a volatile market - Negotiating better loan quality
to ensure Street Capital lending standards are met - Handling difficult interactions
and unpopular decisions - Negotiating terms and conditions
creatively for borderline applications - Building relationships with
mortgage brokers and related business partners - Keeping up-to-date with rapidly
evolving policies and procedures
Educational Background and
Experience:
- Must have previous residential
mortgage underwriting experience - Undergraduate university degree
is an asset - Detailed working knowledge of
real estate and covenant assessments, legislation and land title systems in all provinces - Detailed working knowledge of
principles of credit analysis and risk management - Understanding of credit scoring
- Ability to understand financial
statements and assess financial viability - Previous experience working
with mortgage brokers or an external mortgage sales force - Have an understanding of the
needs that drive a commissioned sales force - Working knowledge of PC
software in a Windows environment - An ability to handle pressure
caused by high volumes and tight turnaround times - A very strong customer focus is
required with an ability to ensure the customer experience is a positive one - An ability to make quick
accurate decisions
If you are ready for this
challenge, Street Capital provides the support you’ll need to be successful:
- Performance agreement detailing
goals, targets and core competencies - Bi-annual performance reviews
- Technology that includes
software applications and communication tools provided and supported by the
Company
Regulatory and Compliance:
- The successful candidate will
ensure compliance with all regulatory training and ensures these programs and
policies are applied consistently across the business. - The successful candidate will
be personally responsible for compliance with all such regulatory and
governance programs.
Compensation:
Street Capital offers a highly
competitive compensation structure consisting of base salary, bonus and a
generous benefits package.
Locations of Position(s): Toronto, Calgary, Vancouver
Hours of Work: Street Capital is
a national lender and hours of operation will be from 8 a.m. to 8 p.m.
At Street Capital Financial Corporation,
we value diversity in our workforce and invite all qualified candidates to
submit a cover letter and resume. We
appreciate all responses and advise that Street Capital will only contact those
applicants under consideration.
Please email your resume to:
alexandra.wharin@streetcapital.ca
Subject Line must indicate
location of position being applied for:
Example: Senior Mortgage Underwriter – Toronto
Senior Mortgage Underwriter – Calgary
Senior Mortgage Underwriter – Vancouver