- Review, analyze and verify Small Commercial mortgage applications for completeness, accuracy, suitability and risk to ensure compliance with all aspects of Home Trust Company's underwriting policies, procedures and guidelines per delegated authority matrices
- Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements
- File Unusual Transaction Reports as applicable to fulfil individual employee obligations to detect and deter financial crimes activity. Maintain consistent, objective and sound risk assessments in a high volume, service-oriented environment
- Lead by example and provide daily feedback and coaching to team members
- Foster a team environment focused on achieving all departmental objectives and goals in support of the business plan
- Monitor productivity, quality and workflow to ensure optimal team efficiency and quality in adjudicating prospect applications
- Take a hands-on leadership approach to make prudent credit decisions on complex mortgage files
- Review and approve loan terms and pricing according to originations' recommendation to meet the interests of the client and Home Trust's risk tolerance
- Prepare quality files and recommend revisions as required
- Act as a point of escalation for our broker partners to ensure issues are managed in an efficient and appropriate manner
- Adhere to defined Service Level Agreement in acknowledging applications and following up on additional required information
- Work effectively with all internal and external business partners to maximize effectiveness and achieve excellence
- Remain current on latest industry developments and market trends to secure competitive advantage
- Bachelor's degree required in related area
- Some work beyond standard hours
- Bilingualism an asset
Manager, Small Commercial Underwriting - Toronto, Canada - Home Trust
Description
Company Profile
Home Trust Company has developed a track record of success as Canada's leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
Position Overview
The Manager, Small Commercial Underwriting leads a group of underwriting professionals, ensuring adjudication of mortgage applications are in accordance with the 5 C's (Capacity, Capital, Collateral, Character, Conditions). Assessing risk and ensuring all applications adhere to both quality and service standards remain the overarching focus for this role through coaching and mentoring their respective team.
Position Responsibilities
Risk and Compliance (40%)
Leadership (40%)
File Management (10%)
Communication (10%)
Formal Education
Related Experience
Formal Education:
• University degree in related area or discipline
• Additional relevant accreditation(s), certification(s) are assets
Related Experience:
• 3-5 years (5+ years for Senior) leading a team within mortgage lending
• In depth understanding of residential mortgage products
• Significant experience in reviewing commercial mortgages
Skills:
• Strong organizational, time-management and analytical skills
• Strong interpersonal relationship building and listening skills
• Motivates and engages team through fostering a collaborative team environment
• Excellent written / verbal communication and professional maturity
Skills
Position Complexities
Acknowledgement
All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home's risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company's Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels ( Ombudsman, Compliance Hotline, Whistleblower Policy, etc).