Mortgage Underwriter (Calgary/Hybrid)

AMA - Alberta Motor Association•Calgary, AB

2d•Hybrid

About The Position

The Mortgage Underwriter role at Bridgewater Bank is for a detail-oriented individual who can analyze situations from multiple perspectives and identify potential risks. While focusing on analysis, paperwork, and technology, the role also emphasizes the human impact of decisions. Bridgewater Bank, a subsidiary of AMA, operates without branches, focusing on providing straightforward, honest service and smart financial solutions. The company fosters a nimble, forward-thinking culture where ideas are valued, contributions are recognized, and growth is encouraged. They are looking for individuals who are curious, eager to explore new ideas, and comfortable using emerging technologies like AI-powered tools to enhance efficiency and find better solutions.

Requirements

Post-secondary education in a relevant field (e.g. business/commerce, business management, finance, etc.) or other related experience.
At least two to three years of experience in a financial institution (preferably in mortgage underwriting).
Comfortable with various software applications, such as MS Office, LMS, etc.

Nice To Haves

Experience with AI-powered tools like ChatGPT, Copilot, and similar platforms.

Responsibilities

Report to Team Lead, Underwriting.
Approve or decline mortgage loan applications, within lending limit authorities, in order to meet established deadlines and quality standards.
Review loan documents to determine if the buyer, property and loan conditions meet mortgage underwriting standards.
Conduct Pre-Fund Quality Assurance Reviews, Post Fund Internal and External Audits to ensure mortgages are within internal and regulatory guidelines.
Apply Due diligence when processing applications and reviewing documents. Utilization of additional search engines and tools provided for validation.
Identify suspicious scenarios or documents, investigate, and escalate accordingly.
Build positive relationships with Brokers and other partners.
Assist the Service team with insight on high-risk deals including declines.
Provide pricing on all mortgage renewals to ensure profitability and consistency.
Serve as escalation point for Brokers and Business Development Managers.