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mortgage underwriter
Posted on June 28, 2024 by Employer details Urban Money Canada
Job details
<h3>Job Description</h3><div>Job Description<div><p>Full job description</p><p><strong>Work Location</strong>: 895 Don Mills Road, North York</p><p><strong>Work Hours</strong>: Monday to Friday - 10 AM to 6 PM (Saturday- WFH)</p><p><strong>About Urban Money:</strong></p><p>Urban Money Inc is a fast-growing mortgage brokerage company operating in the Greater Toronto Area. Our mission is to provide top-notch mortgage solutions to our clients through our industry expertise and personalized approach. We offer a friendly and dynamic work environment that fosters growth and innovation.</p><p>At Urban Money, we value autonomous functioning, ethical approach towards work and an entrepreneurial mindset. By joining our team, you will have the opportunity to work in a fast-paced work environment, where you can make a meaningful impact for your clients while contributing to your professional development and the growth of the company.</p><p><strong>Role Summary:</strong></p><p><strong>The Underwriter</strong> works closely with the Mortgage Agents and Brokers to provide our clients with the best options. This position consists of administrative tasks, maintaining relationships and connecting our mortgage agents and brokers with various lending options.</p><p>The role requires you to communicate in a professional and timely manner, and to maintain discretion always</p><p>This Underwriter position has a huge potential for growth as our company is growing rapidly.</p><p><strong>Duties and Responsibilities:</strong></p><ul><li>Investigate and evaluate mortgage and loan applications, ensure compliances with organizational processes, aligning with senior management as needed</li><li>Coordinate and analyze credit applications and ensure consistent, objective, and sound credit decisions are made</li><li>Ensure mortgage applications are completed within a specific time frame</li><li>Structure files to ensure that transactions are processed in a timely and efficient manner</li><li>Ensure that the application paperwork is accurate and complete</li><li>Verify data and information on mortgage applications with third parties as required</li><li>Collect and review the required documentation while working with lending partners to satisfy conditions</li><li>Send the mortgage paperwork to the applicable financial institution for approval</li><li>Work closely with lending partners to resolve issues while maintaining a great working relationship</li><li>Ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding <span class="long-word">conditions/documents</span> and ensuring compliance with established guidelines.</li><li>Provide best-in-class support to the clients as they progress through the application process</li><li>Remain professional when dealing with lenders, clients, and mortgage brokers</li><li>Maintain up to date knowledge of lending options</li><li>Update mortgage brokers about the status of their deals within an appropriate time frame</li><li>Conduct oneself through the proper policies and procedures created by Urban Money and the mortgage industry</li><li>Build rapport with internal and external stakeholders and maintain working relationships with assigned external client groups</li><li>Resolve any escalated credit issues, reply to internal and external client queries, and communicate credit decisions and recognizes when issues require escalations</li></ul><p><strong>About you / Qualifications:</strong></p><ul><li>Post-secondary degree or diploma in a related field</li><li>At least 5 years of experience in a Mortgage Underwriter capacity and or comparable experience in a similar role</li><li>Understanding of the mortgage industry and lifecycle</li><li>Understanding of credit and underwriting practices, and lending products</li><li>Understanding of the financial services industry, its independent distribution channels, and the regulatory environment</li><li>Be able to provide administrative servic- LocationNorth York, ON
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Start date Starts as soon as possible
- vacancies 1 vacancy
- Source ZipRecruiter #d026b6c0
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