Associate Mortgage Underwriter, Excalibur

Friday, March 28, 2025

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Reporting To: Manager, Residential Underwriting

Full-Time/Part-Time: Full-time

Posting Date: March 28, 2025

Closing Date: April 11, 2025

Hours of Work: 8:30 a.m. – 5:00 p.m.

Grade: 8.7

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

The Opportunity

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.

How you will contribute:

• Manage files from the time they are committed by the underwriter until all 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 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 experience you need:

• 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
• Passing the Broker’s Licensing Course (UBC Sauder) would be an asset

Working Environment and Physical Demands Analysis:

• Periods of high volume with tight timelines
• Long periods of stationary position/sitting
• Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
• Long periods of time in viewing a computer screen
• Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

The team you’ll join:

Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.

First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.

We would like to thank all applications for their interest in this existing vacancy but only candidates selected for an interview will be contacted.