Underwriter
- Calgary, AB, Canada
- Greater Calgary Metropolitan Area, Canada
Full-time
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Job details
- Job type
- Full-time
- Apply by
- Experience
- The position requires at least 3 years experience underwriting in the residential mortgage lending industry, preferably in the “Near prime and Alt B” business.
- Posting language
- English
- Posted
Original job description
About Haventree Bank
Haventree Bank is a Schedule I Canadian bank dedicated to advancing financial security and upward mobility for Canadians underserved by traditional financial services. Through our broker-distributed alternative mortgage and GIC solutions, as well as our growing digital banking platform, we provide straightforward products that support long-term financial well-being and meaningful growth.
As a CDIC-insured, federally regulated bank, we offer the trust and stability of a traditional financial institution while embracing the innovation and customer-first mindset of a modern digital bank.
If you're looking for a place where your work has a direct impact, your ideas are valued, and innovation is encouraged, Haventree Bank is the place for you.
Position Summary
Reporting to the Director of Mortgage Originations, the Underwriter is responsible for recommending customer’s mortgage applications. Including in-depth analysis of document review and managing loan from application to completion stage.
Major Duties & Responsibilities
Degrees, Diplomas & Certifications:
Haventree Bank is a Schedule I Canadian bank dedicated to advancing financial security and upward mobility for Canadians underserved by traditional financial services. Through our broker-distributed alternative mortgage and GIC solutions, as well as our growing digital banking platform, we provide straightforward products that support long-term financial well-being and meaningful growth.
As a CDIC-insured, federally regulated bank, we offer the trust and stability of a traditional financial institution while embracing the innovation and customer-first mindset of a modern digital bank.
If you're looking for a place where your work has a direct impact, your ideas are valued, and innovation is encouraged, Haventree Bank is the place for you.
Position Summary
Reporting to the Director of Mortgage Originations, the Underwriter is responsible for recommending customer’s mortgage applications. Including in-depth analysis of document review and managing loan from application to completion stage.
Major Duties & Responsibilities
- Effective “pipeline management” to ensure documentation is received on time.
- Assesses up to 4 mortgage applications per day. Evaluating broker’s documentation and recommending/approving mortgage applications by assessing the 5 C’s of credit including credit, capacity, capital, character and collateral within established HTB guidelines.
- Fulfills all conditions required and communicates remaining conditions with the brokers within SLA.
- Provides excellent customer service, including efficient turnaround time to brokers, while building and maintaining positive working relationships.
- Works in collaboration with the Originations unit to ensure targets are being met and exceeded.
- Stays informed of the latest industry knowledge including: B20, AML (Anti-Money Laundering) and KYC (Know Your Customer) legislation.
Degrees, Diplomas & Certifications:
- The position requires a university degree or equivalent experience.
- The position requires at least 3 years experience underwriting in the residential mortgage lending industry, preferably in the “Near prime and Alt B” business.
- A strong understanding of residential mortgage review, regulatory legislation (B20, AML and KYC) and the proven ability to make sound underwriting decisions.
- Proven ability to clearly communicate with mortgage brokers; maintain successful relationships that include negotiation and sales skills.
- Strong organization, time management and multi-tasking skills.
- Comfortable using Microsoft Outlook, Excel, Word, underwriting and servicing software platforms or Delta 360.
- Bilingual in French is an asset
- As a job candidate, our recruitment process includes collecting personal information. Please click the link here to review our Privacy Policy. Privacy Statement | Haventree Bank
- Stay in touch with us, if this position is not the right one for you – please click on this link for other roles at Careers | Haventree Bank or follow us on LinkedIn at www.linkedin.com/company/haventree-bank/
- Haventree Bank embraces equal opportunity, diversity, and inclusion. Please let us know if you require any accommodations during the recruitment and selection process by contacting accessibility@haventreebank.com
More about this job
Responsibilities
Analyze mortgage applications and supporting documents, assess the five Cs of credit, and recommend or approve applications within established guidelines. Manage application pipelines and conditions, communicate with brokers, provide timely service, and collaborate with the Originations team to meet targets.
Requirements
Requires a university degree or equivalent experience and at least three years of residential mortgage underwriting experience, preferably in near-prime or Alt B lending. Candidates should understand mortgage review and B20, AML, and KYC requirements, communicate and negotiate effectively with brokers, and be proficient with Microsoft Office and underwriting or servicing platforms; French is an asset.
Skills
- Mortgage Underwriting
- Residential Mortgage Review
- Credit Analysis
- Pipeline Management
- Document Review
- Regulatory Compliance
- Negotiation
- Sales
- Customer Service
- Organization
- Time Management
- Multitasking
- Microsoft Outlook
- Microsoft Excel
- Microsoft Word
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Customer Service & Support
Keywords
- Residential Mortgage Underwriting
- Mortgage Applications
- Near-Prime Lending
- Alt B Lending
- Five Cs Of Credit
- Credit
- Capacity
- Capital
- Character
- Collateral
- Mortgage Document Review
- Pipeline Management
- Broker Relationships
- B20
- Anti-Money Laundering
- Know Your Customer
- Regulatory Compliance
- Mortgage Originations
- Microsoft Outlook
- Microsoft Excel
- Microsoft Word
- Delta 360
- Underwriting Software
- Servicing Software
- French