Senior Credit Underwriting Analyst

EQ Bank | Equitable Bank

3d

About The Position

The Senior Credit Underwriter is responsible for reviewing/recommending/approving/declining Alt-A mortgages originated from third party channels; and renewals from the prime portfolios, within their delegated credit limits. As a key member of the RESL team, the Underwriter is responsible for assisting in the engagement of the third-party originators/servicers and the Credit adjudication process of the bank’s residential mortgages. This position requires ability to analyze each mortgage deal with a high degree of professional critical thinking and use their expert judgement to recommend or decline Single Family Residential Mortgages offered by the Bank’s third-party partners. This must be done as efficiently as possible while exercising sound lending judgment and without compromising service and profitability.

Requirements

• University degree or equivalent - preferably in finance, business, or a related field
• A minimum of three to five years in a related role pertaining to residential mortgage origination (underwriting and operational).
• Sound knowledge and understanding of Alt-A products, Prime and Reverse mortgages, operations, processes, services, systems and associated risks and controls.
• Demonstrated ability to review residential mortgage documentation, audit, perform analyses, validate, and document potential risk to determine course of appropriate corrective action and/or make recommendations of such action.
• Extensive knowledge of underwriting best practices and apply them to their day-to-day work.
• In depth understanding of Residential Mortgages underwriting processes and requirements.
• Sound understanding of Mortgage related regulatory requirements (OSFII B20, AML/ATF), and Mortgage Insurer requirements (CMHC, Genworth)
• PC skills including Microsoft Outlook, Word, Excel, Power Point, related applications, and other software applications used within the organization.
• Excellent organizational skills and ability to complete responsibilities in a busy and time sensitive environment.
• Strong analytical skills.
• Strong verbal and written communication skills.
• Attention to detail and an ability to identify potential problems within files.
• Self-motivated.
• Strong interpersonal skills.
• Work effectively in a team setting to accomplish goals and complete tasks.
• Ability to make decisions under pressure.
• Excellent time management, analytical and problem-solving skills.
• Displays pride in providing superb customer service.

Responsibilities

• Recommending\Approving the purchase\Renewals of Single-Family Residential Mortgages originated from third party partnerships and Concentra’s Legacy direct lending business
• Builds and maintains relationships with both internal and external stakeholders
• Helps support and maintain a robust fraud and compliance environment as an active and engaged member of the Banks first line of defense.

Benefits

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees