- Receive, review, analyze and verify mortgage applications for completeness, accuracy, suitability and risk
- 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
- Make prudent credit decisions on complex mortgage files
- Prepare files and recommend mortgage deals for final approval
- Maintain accurate information and detailed notes on applications, prepare and issue conditional mortgage commitments outlining all conditions that must be met to Home Trust's satisfaction
- Issue mortgage commitment according to negotiated and approved terms
- Adhere to defined Service Level Agreement in acknowledging applications and following up on additional required information
- Work effectively with all internal business partners to improve underwriting systems to maximize effectiveness and achieve excellence
- Remain current on latest developments within industry and market trends to secure competitive advantage
- Post secondary degree or diploma required (University degree preferred) in Business or equivalent or related area
- 3-5 years (5+ years for Senior) with mortgage lending
- Strong understanding of commercial mortgage products
- Proficient in adjudicating credit, reviewing and assessing third party reports
- Accountable/ accepting responsibility
- Analytical thinking
- Attention to detail/ accuracy
- Communication (verbal and written) - excellent
- Excel - advanced
- Interpersonal relationship building
- Loan adjudication software
- MS Office Suite - proficient
- Multi-tasking in fast paced, deadline driven environment
- Proactive/ takes initiative/ self starter
- Problem solving - exceptional
- Time management, highly organized
- Bilingualism an asset
- Some work beyond standard hours
Commercial Underwriter - 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.
Commercial Underwriting provides a high level of expertise in the administration of HTC's commercial mortgage underwriting business. It is responsible for the origination and administration of new and existing loans and for ensuring the adherence of commercial credit policy, standards and guidelines, while fostering a culture of respect, trust and integrity.
Position Overview
Adjudicate mortgage applications by assessing prospective clients 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 position.
Position Responsibilities
Risk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one's responsibilities as outlined below:
Risk and Compliance (40%)
File Management (40%)
Communication (20%)
Formal Education
Related Experience
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).