Associate Mortgage Underwriter

We are hiring an Associate Mortgage Underwriter, Residential Underwriting!

The Associate Mortgage Underwriter 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.

Reporting To: Manager, Residential Underwriting

Full-Time / Part-Time: Full-time

Posting Date: February 21, 2024

Closing Date: March 8, 2024

Hours of Work: 8:30 – 5:00

Office Location: Great location! Steps away from the main public transit station

What 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 employment

Key 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
• Contact the broker via fax/email/phone with 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
• Satisfy down payment verification
• Receive MLS and Purchase and Sale Agreement and forward to the appropriate underwriter for approval
• Review and satisfy signed commitment, statement of mortgage and mortgage application
• Receive appraisals and forward to the appropriate underwriter for approval
• Follow up with brokers to request additional information when documentation received is not sufficient
• Review and audit all files prior to advancing
• Ensure all information in the file is consistent with information found in Merlin
• Update information and make corrections where needed to ensure that it is 100% complete and accurate
• Respond to all broker queries and requests
• Return calls and emails in a timely manner
• Forward underwriting concerns or questions to the appropriate underwriter
• Follow up on documentation immediately upon receipt where applicable
• Ensure file notes are updated frequently to keep other departments aware of the relevant details of the file
• 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

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 applicants for their interest, but only candidates selected for an interview will be contacted.