Associate Mortgage Underwriter

First National

  • Toronto, ON
  • Permanent
  • Full-time
  • 16 days ago
We are hiring an Associate Mortgage Underwriter (Excalibur)Reporting To:Manager, Residential UnderwritingFull-Time/Part- Time:Full-timePosting Date:April 15, 2024Closing Date:April 19, 2024Hours of Work:8:30 a.m. – 5:00 p.m.Grade:Office Location:8.7TorontoGreat location! Steps away from the main public transit stationWhat we offer:Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!*Eligibility for benefits is dependent on the terms of employmentOverview:Excalibur department - With both the population and employment demographics of Canada changing so significantly, there are people who want to access a mortgage and own a home – but they may fall outside of traditional credit requirements. Alternative lending (Excalibur) offers a mortgage option for those people. The Fulfillment Specialist is responsible for ensuring that all broker conditions are met prior to closing and for all interactions with the Broker to cooperatively satisfy all conditions within a mortgage commitment.Primary Duties and Responsibilities:
  • Manage files from the time they are committed by the underwriter until all of the broker’s conditions are met on the commitment
  • Contact the broker via fax/email/phone requesting a solicitor for the file and funding conditions sheet outlining the outstanding conditions on the file
  • Follow up with brokers to request additional information where needed
  • Provide liaison and support for funding department
  • Review all documentation sent from the broker to meet conditions found on the commitment
  • Organize all incoming faxes from broker and solicitor
  • Verify all employment letters verbally and satisfy income verification and satisfy down payment verification
  • Review and satisfy signed commitment, statement of mortgage and mortgage application
  • Review and audit all files prior to advancing
  • Update information and make corrections where needed to ensure that it is 100% complete and accurate
  • Respond to all broker queries and requests and return calls and emails in a timely manner
  • Specialize in bridges and transfer mortgages
  • Complete special projects as assigned by Team Leader/Manager, Residential Underwriting
The Requirements Needed:
  • Post-secondary education and/or equivalent work experience required
  • One year of mortgage experience preferred
  • Competency in MS Office; capacity to learn new technologies/systems
The team you will join:Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.At First National, It’s in our Nature is our rallying cry. It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community. Our nature defines who we are and guides every decision we make.First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at .We would like to thank all applications for their interest, but only candidates selected for an interview will be contacted.#FNLOON

First National