Commercial Mortgage Underwriter (Contract)
RBC•Mississauga, ON
•CA$67,000 - CA$110,000•Onsite
About The Position
This position is responsible for the assessment and underwriting of existing funded commercial mortgages. The position will prepare commercial mortgage review credit forms applying market information to specific transactions, analyzing and stabilizing property operating statements and analyzing borrower financials. In addition, this position will also have some exposure to new originations.
Requirements
- 2 to 3 years of experience in commercial mortgage underwriting
- Excellent analytical and communication skills
- Ability to work well in teams
- Strong verbal and written communication skills
- Drive to learn and grow
- Strong application software skills (Excel and Word)
Responsibilities
- Responsible for ongoing monitoring of various size commercial mortgages in the portfolio. Includes contact with borrower or intermediary to successfully obtain current information
- Responsible for increases, assumptions and any other relevant changes to the existing assigned portfolio
- Analyze third party reports including Environmental Site Assessments, Appraisals and Building Engineering Reports. Challenge conclusions where necessary and appropriate
- Develop and maintain relationships with RBC Commercial Mortgage Managers, Regional Vice Presidents, and RBC Account Managers across Canada
- Prepare and issue commitment letters or extension letters and other documents with terms and pricing in accordance with the risk and specifics of each commercial mortgage
Benefits
- flexible and modern benefits
- competitive compensation
- stock options
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
