Underwriter - Canada - Bay Street Staffing

Description

One of our leading financial institution clients in the is seeking multiple Underwriters for a 6-month contract in Toronto.

Potential for this contract to be extended or converted to FTE? Possibility for extension/conversion to full time.

Hybrid - Only onsite 3/4 days per week while training. Afterwards only onsite during townhalls

Job Description:

The Analyst, Underwriting is responsible for supporting the review and approval of residential mortgage and real estate applications in a timely and effective manner. The role follows detailed instructions and documented procedures to negotiate, approve, recommend, or decline residential secured and unsecured mortgages and real estate applications within established guidelines and authorized lending limits. The Analyst, Underwriting uses judgement regarding priorities and approaches to review credit information by gathering and critically assessing property-specific third party due diligence reports and negotiating terms for marginal applications. The role provides specialized advice and guidance on company policy, procedures, and security value estimates, resolving basic problems within the scope of their job.

Must Have Requirement:

• 2-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.

• RESL specific Underwriting (Real-estate Secured Lending)

• Decisioning experience with approval authority

• Experience in reviewing and evaluating documents (income, down-payment, offers, etc..)

• Experience in exceptions rational (*they will be making exceptions themselves)

• Good Understanding of risk mitigation

Nice to Have:

• Any broker or underwriting course experience

• Outlook and Excel skills

• A university Degree

• Familiarity with Canadian Rules and Regulation