Mortgage Underwriter - Toronto, Canada - RFA Canada

RFA Canada

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

RFA's residential mortgage lending business is operated by RFA Mortgage Corporation and RFA Bank of Canada, a federally regulated Schedule I Bank.

RFA Mortgage Corporation specializes in Prime lending (Insured, Insurable, Uninsurable), while RFA Bank of Canada is a balance sheet based Alternative mortgage lender (Alt-A and B lending).

Combined, RFA offers mortgage brokers a one-stop shop with our full suite of competitive Prime and Alternative mortgages.

RFA's strategic vision is to be a long-term leader in the residential lending segment by offering a value proposition beyond just rate and compensation.

Through building a competitive broker experience and solutions-oriented product suite, RFA's goal is to be recognized and recommended by our mortgage broker partners, mortgagors, and other strategic partners, for our financing solutions and broker/client experience.

The Opportunity

Customer Results

Make prudent underwriting decisions based on the credit quality standards as defined by the Residential Mortgage Underwriting Policy.
Review of credit information
Review of real estate appraisals for consistency, with prevailing market conditions
Review loan pricing based on risk objectives and thresholds set by RFA Bank.
Prepare and issue mortgage commitments within assigned SLAs.
Identify and escalate instances of suspected fraud to Senior Management, AML/Compliance, and Quality Assurance.
Maintain service levels in an environment of high volumes and the competing demands of customers and employees.
Provide guidance and mentorship to mortgage fulfillment officers to ensure documentation meets bank requirements.
Build and maintain exceptional customer service levels for our broker partners.

Operational Efficiency and Risk Management

Manage work volumes to meet short timelines with a high level of quality.
Evaluate real estate and associated risks in a volatile market.
Handle difficult interactions and unpopular decisions.
Build relationships with mortgage brokers and related business partners.
Keep uptodate with evolving policies and procedures.
Review of loans acquired by the bank post funding.

What you can bring to RFA:

Previous residential mortgage experience and working knowledge of real estate is an asset.
Undergraduate university degree is an asset.
Detailed working knowledge of principles of credit analysis and risk management
Working knowledge of PC software in a Windows environment

Benefits of Working at RFA:

Health & Dental Care
Vision Care
RRSP Match
Vacation & Sick Days
Hybrid working environment
Demonstrated ability to assess risk in a fluctuating real estate market.
Building productive relationships with mortgage brokers, mortgage agents and related business partners
Demonstrates the ability to make and document decisions that consider all implications and proactive management of risk.
Demonstration of solid negotiation and problemsolving skills
Ability to adapt to changing 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 decisions without compromising underwriting quality.

Accessibility

Accommodation is available upon request for applicants and employees with disabilities. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially.