Senior Underwriter, Uninsured Underwriting

Senior Underwriter, Uninsured Underwriting

Toronto, ON, Canada

Job Description

Who we are:

At MCAN, we are most proud of the team we have built and our team member experience. Our people are respected industry innovators, influencers, and big thinkers. We do things differently than other lenders. Our business isn’t selling mortgages, it’s building relationships.

#MCANLIFE is shaped around a culture of customer-centricity for both internal and external clients and powered by genuine collaboration. We are a home for talented professionals seeking a more connected career and one that allows them to use more of their skills.

#MCANLIFE means you can connect, discover, and grow.

We are certified from Great Place to Work Canada 2021-2023 and recognized as one of Canada’s Best Workplaces 2022-2023. We are also thrilled to be recognized on the 2025 list of Best Workplaces for Women!

We’re looking for a Senior Underwriter, Uninsured Underwriting to join the MCAN’s Residential Lending team!

Job Summary:

As a Senior Underwriter, you will be responsible for processing and approving more complex mortgage applications. Success in this role depends on your ability to build strong relationships with our partner Mortgage Brokers while ensuring service, volume, asset quality and profitability targets are met. The role requires you to communicate in a professional and timely manner, and to maintain discretion always. Some conversations are harder than others, and you can navigate the good and the bad with integrity and positivity.

Responsibilities:

1. Deliver timely mortgage solutions on more complex transactions, while applying a high degree of accuracy and quality to the file during the underwriting process.
2. Review mortgage applications, supporting documentation and negotiate terms with the mortgage broker while mitigating risks (if any), decision with accuracy and expedience.
3. Document decision; whether the decision be an approval or decline; defend soundly.
4. Ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines.
5. Provide the highest level of internal and external customer service while fielding mortgage broker inquiries and building strong broker relationships.
6. Provide suggestions to aid in the continuous improvement of the business.
7. Provide support and coaching to Underwriters and Mortgage Fulfilment Officers.

Skills and Qualifications:

1. Bachelor's degree in a related field.
2. Previous underwriting experience of at least 5 years required.
3. Completion of underwriting course or mortgage agent course preferred.
4. Knowledge of Legislation (e.g. Mortgage Act) regarding risk related mortgage law required.
5. Proficiency in Microsoft applications is required; capacity to quickly learn new technologies/systems required.
6. Ability to understand financial statements and assess financial viability required.

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

We are dedicated to building an organization that reflects the diversity of our clients and the communities we serve across Canada. Do you possess and value the same attributes? Are you interested in your own development? Then come join our team!

Requests for accommodation can be made at any stage in the recruitment process.

We thank all applicants for their interest but only those selected for further consideration will be contacted.

MCAN is committed to providing accommodation to applicants throughout the job application and interview process to the point of undue hardship. If you require any accommodations, please contact our Human Resources team at hr@mcanfinancial.com.