Mortgage Underwriter

CommandLink·Remote(Canada)
Content & Writing

WFA Digital Insight

The demand for skilled mortgage underwriters has been on the rise, with the Canadian mortgage market expected to grow significantly in the coming years. As remote work becomes the norm, professionals with a strong background in residential underwriting and digital skills are in high demand. With over 70% of mortgage applications being submitted digitally, having a solid grasp of digital tools is essential for success in this role. CommandLink, a company operating in the Canadian market, is looking for a skilled Mortgage Underwriter to join their team, offering a unique opportunity to work with a leading financial institution. Before applying, candidates should be aware that this role requires a deep understanding of mortgage regulations and a strong analytical mindset.

Job Description

About the Role

The Mortgage Underwriter role at CommandLink is a critical position that involves adjudicating residential mortgage applications, managing pipelines, and delivering solutions to broker partners. As a key member of the team, the successful candidate will work closely with cross-functional teams to drive business growth and ensure compliance with regulatory requirements. The role requires a strong understanding of mortgage regulations, excellent analytical skills, and the ability to work in a fast-paced environment. In this role, the Mortgage Underwriter will be responsible for reviewing and analyzing mortgage applications, assessing creditworthiness, and making informed decisions on loan approvals. The ideal candidate will have a strong background in residential underwriting, excellent communication skills, and the ability to work independently. CommandLink operates in the Canadian market, and the successful candidate will be expected to have a deep understanding of the Canadian mortgage landscape and relevant regulations.

What You Will Do

  • Adjudicate residential mortgage applications and manage pipelines to ensure timely and efficient processing
  • Conduct thorough credit assessments and verify income and employment information
  • Analyze financial statements, credit reports, and other relevant documentation to determine creditworthiness
  • Make informed decisions on loan approvals, declines, or referrals to senior underwriters
  • Develop and maintain relationships with broker partners to drive business growth and increase referrals
  • Stay up-to-date with changes in mortgage regulations and industry trends
  • Collaborate with cross-functional teams to identify areas for process improvement and implement changes
  • Provide exceptional customer service to internal and external stakeholders
  • Participate in ongoing training and professional development to maintain and enhance underwriting skills
  • Conduct regular reviews of mortgage applications to ensure compliance with regulatory requirements

What We Are Looking For

  • 5+ years of experience in residential underwriting, preferably in a Credit Union, Monoline, or similar institutional environment
  • Strong analytical and problem-solving skills, with the ability to interpret complex financial data
  • Excellent communication and interpersonal skills, with the ability to build strong relationships with broker partners and internal stakeholders
  • Proficiency in mortgage software and digital tools, with the ability to learn new systems quickly
  • Strong understanding of mortgage regulations and industry trends
  • Bilingualism in English and French is an asset
  • Ability to work in a fast-paced environment and prioritize multiple tasks and deadlines

Nice to Have

  • Experience working with mortgage broker partners to drive business growth
  • Knowledge of credit risk management and mitigation strategies
  • Familiarity with Canadian mortgage regulations and industry trends
  • Certification in mortgage underwriting or a related field

Benefits and Perks

  • Competitive base salary and variable bonus structure
  • Comprehensive insurance, including health, dental, and life insurance
  • Health and Wellness Spending Accounts to support employee well-being
  • 24/7 unlimited access to telemedicine, EAP, and mental health services
  • 4 weeks paid vacation and 8 flex days to support work-life balance
  • All statutory holidays and RRSP Matching Program to support long-term savings
  • Robust Maternity and Parental Leave Top-Up programs to support employees during significant life events

How to Stand Out

  • Develop a strong understanding of mortgage regulations and industry trends to stand out as a candidate
  • Highlight your analytical and problem-solving skills, as well as your ability to interpret complex financial data
  • Showcase your experience working with mortgage broker partners to drive business growth and increase referrals
  • Emphasize your proficiency in mortgage software and digital tools, as well as your ability to learn new systems quickly
  • Prepare to discuss your experience with credit risk management and mitigation strategies during the interview process
  • Research the company culture and values to determine whether you would be a good fit for the organization
  • Be prepared to provide specific examples of your underwriting experience and decision-making process during the interview

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