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mortgage underwriter

Title posted on indeed.com - Full-Time Mortgage Underwriter

Posted on December 17, 2024 by Employer details KINGSDALE MORTGAGE CENTRE INC.

Job details

Kingsdale Mortgage Centre (#13585) is a proud member of the Kingsdale Group, a real estate conglomerate with 20 years of industry experience in real estate brokering, commercial development, and marketing. We?re not just another brokerage; by joining Kingsdale Group, you tap into a legacy of expertise and a network designed for your success, with unique advantages that few others can match. We proudly partner with 70+ mainstream lenders and over 50+ MICs & Private Lenders, ensuring you secure the ideal funding solutions for your clients, especially in commercial real estate. At Kingsdale, we?re reimagining what it means to work for a brokerage. We understand that your success is our success, which is why we?ve built a model that truly benefits agents. *Responsibilities:* * *Application Intake & Deal Quoting:* Accurately assess incoming mortgage applications and provide timely and competitive deal quotes. * *Collaboration with Fulfillment Officers:* Work closely with fulfillment officers to collect outstanding documents and satisfy any conditions as per the mortgage commitment. * *Process Coordination:* Follow up with all parties involved in the mortgage process to ensure 100% coordination and a smooth transaction from start to finish. * *Loan-to-Value (LTV) Analysis:* Perform thorough loan-to-value analysis to assess risk and compliance with underwriting guidelines. * *GDS/TDS Cash Flow Review:* Review Gross Debt Service (GDS) and Total Debt Service (TDS) ratios and analyze borrower cash flow to ensure financial stability. * *Review of Agreements and Appraisals:* Review Purchase & Sale Agreements, order appraisals, and thoroughly review appraisal reports to assess property value and risk. * *Document Collection & Verification:* Collect and verify mortgage applications, credit reports, income documents (e.g., T4, T1, NOAs) for accuracy and completeness. * *Income Document Familiarity:* Ensure a thorough understanding of key income documents, including T4s, T1s, and Notices of Assessment (NOAs), to evaluate borrower eligibility. * *Client and Stakeholder Relations:* Maintain positive relationships with clients, lenders, third-party vendors, and other stakeholders throughout the underwriting process. * *Networking & Representation:* Represent Kingsdale Mortgage at industry conferences, conventions, and other networking events to strengthen relationships and enhance brand presence. *Qualifications:* * Proven experience in *mortgage underwriting*, with a strong understanding of residential lending. * *Mortgage Agent license* is required for this position. If you do not currently hold a license but are willing to obtain it within a short timeframe, we encourage you to apply. * Excellent communication and negotiation skills, with the ability to build rapport and trust quickly. * Self-motivated and results-driven, with a passion for deal origination and a commitment to client satisfaction. * Ability to thrive in a fast-paced, commission-driven environment, with a proactive approach to closing deals. * *Full-time, onsite availability* is required for this role. Additional pay: * Commission pay Benefits: * Company events * Flexible schedule * Work from home Schedule: * 8 hour shift * Day shift * Monday to Friday Job Type: Full-time Pay: From $20.03 per hour Expected hours: 40 per week Additional pay: * Bonus pay * Commission pay Benefits: * Company events * On-site parking Flexible language requirement: * French not required Schedule: * 8 hour shift * Monday to Friday Work Location: In person Expected start date: 2025-01-01