Associate Mortgage Underwriter

The Opportunity

Excalibur department - With both the population and employment demographics of Canada changing so significantly, there are people who want to access a mortgage and own a home – but they may fall outside of traditional credit requirements. Alternative lending (Excalibur) offers a mortgage option for those people. The Associate Mortgage Underwriter is responsible for ensuring that all broker conditions are met prior to closing and for all interactions with the Broker to cooperatively satisfy all conditions within a mortgage commitment.

How you will contribute:

Manage files from the time they are committed by the underwriter until all the broker’s conditions are met on the commitment
Contact the broker via fax/email/phone requesting a solicitor for the file and funding conditions sheet outlining the outstanding conditions on the file
Follow up with brokers to request additional information where needed
Provide liaison and support for funding department
Review all documentation sent from the broker to meet conditions found on the commitment
Organize all incoming faxes from broker and solicitor
Verify all employment letters verbally and satisfy income verification and satisfy down payment verification
Review and satisfy signed commitment, statement of mortgage and mortgage application
Review and audit all files prior to advancing
Update information and make corrections where needed to ensure that it is 100% complete and accurate
Respond to all broker queries and requests and return calls and emails in a timely manner
Specialize in bridges and transfer mortgages
Complete special projects as assigned by Team Leader/Manager, Residential Underwriting

The experience you need:

Post-secondary education and/or equivalent work experience required
One year of mortgage experience preferred
Competency in MS Office; capacity to learn new technologies/systems

Working Environment and Physical Demands Analysis:

Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Why join First National?

Competitive Compensation
Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
Extensive training programs to set our employees up for success
Modern office environment conducive to collaboration
Supportive teamwork culture
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year