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Mortgage Career: Street Capital Financial – Senior Mortgage Underwriter

Street Capital FC

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:

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
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
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

  • 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


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.



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:

Subject Line must indicate
location of position being applied for:

Example: Senior Mortgage Underwriter – Toronto
Senior Mortgage Underwriter – Calgary
Senior Mortgage Underwriter – Vancouver