Residential Underwriter

Fairstone Bank•Calgary, AB

1d•Hybrid

About The Position

The Residential Underwriter will adjudicate mortgage applications by assessing prospective clients in accordance with the 5 C's (Capacity, Capital, Collateral, Character, and Conditions). Assessing risk and ensuring all applications adhere to both quality and service standards remain the overarching focus for this role. In addition: Make prudent credit decisions on complex mortgage files Receive, review, analyze and verify 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 fulfill individual employee obligations to detect and deter financial crimes activity. Maintain consistent, objective and sound risk assessments in a high volume, service-oriented environment Analyze and underwrite residential mortgage applications, including an assessment of the borrower, real estate security and loan terms as well as identifying any associated risk Negotiate, recommend and approve loan terms within Home Trust’s risk appetite Maintain accurate information and detailed notes on applications Prepare and issue conditional mortgage commitments according to negotiated and approved terms, which outline all conditions that must be met to Home Trust’s satisfaction

Requirements

Authorized to work in Canada
Great communication skills
Post-secondary degree or diploma, preferably in business management, finance, or related field (university an asset)
3-5 years mortgage lending experience

Responsibilities

Make prudent credit decisions on complex mortgage files
Receive, review, analyze and verify 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 fulfill individual employee obligations to detect and deter financial crimes activity.
Maintain consistent, objective and sound risk assessments in a high volume, service-oriented environment
Analyze and underwrite residential mortgage applications, including an assessment of the borrower, real estate security and loan terms as well as identifying any associated risk
Negotiate, recommend and approve loan terms within Home Trust’s risk appetite
Maintain accurate information and detailed notes on applications
Prepare and issue conditional mortgage commitments according to negotiated and approved terms, which outline all conditions that must be met to Home Trust’s satisfaction