Senior Mortgage Underwriter

November 23, 2021

Job Description

There When It Matters for 175 YearsThis year, we are proud to celebrate our 175th anniversary. Since our founding in Quebec in 1846, we've been committed to improving the financial health of all of our clients. We are driven by the opportunity to help families thrive, communities grow and businesses succeed. As our roots have grown stronger than ever before, we are ready to lead the way for the next 175 years.Laurentian Bank Financial Group (LBCFG) is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the "Group" or the "Bank"). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.This role sits within Laurentian Bank, a subsidiary of Laurentian Bank Financial Group.The Senior Residential Mortgage Underwriter is responsible for growing residential mortgage business from a designated portfolio of mortgage brokers and retail branches, as defined by objectives within a Balanced Scorecard (BSC), including:1.Financial Objectives; mortgage and secured line of credit product acquisition, customer acquisition, cross-sell, national financial plan met/exceeded)2.Operational Effectiveness: credit quality objectives, turn-around time, SLA adherence, compliance requirements, organized and efficient submissions of applications, etc.3.Customer: partner experience satisfaction

Responsibilities

ºContribute to the effective processing and approval of mortgage applications submitted from origination channel partnersºDetermining and obtaining all pertinent credit information such as proof of income, down payment confirmation etc., and conducting appropriate due diligence in order to meet the bank's credit and quality standards, including anti-money laundering and anti-terrorist financing standards and maintain the bank's desired reputation with the public and regulators;ºAccurately inputting data to computer underwriting program and determine a "pass", "fail" or "further consideration" decision for each mortgage application;ºWithin a designated discretionary limit for mortgage applications which are "passed" by the system, approve, decline, or present alternatives that meet bank's Risk tolerance for mortgage transactions and recommend to a higher level those which are qualified for further review if the incumbent considers them to be credit worthy;ºIssuing and following-up on customer mortgage commitments, outstanding conditions and fulfillment.ºObtaining Mortgage Insurer approval for insured loans;ºOrdering and reviewing appraisals for all conventional mortgages;ºAssembling, analyzing and ensuring receipt of all relevant information and documentation prior to onward submission of the file for timely instruction to solicitorsºVerifies data and information on mortgage applications to ensure accuracy. ºEffectively communicating Bank lending policy and procedures, instilling a thorough knowledge of lending requirements, and qualifying parameters.ºResponsible for meeting all productivity measures and service levels ºKeeps up-to-date on applicable legislation, as well as on the Bank's policies, programs, procedures and mortgage insurer policies. ºAbility to work independently in a complex environment

Qualifications

ºProven track record in residential mortgage underwriting - credit authority limits must be providedºBilingual preferred (French, English)ºExcellent knowledge of both prime and alternative lending solutions, draw and construction financingºSound knowledge and expertise of credit and underwriting practices, and lending productsºPost-secondary degree or diploma in a related field and a minimum of 3 years of lender mortgage underwriting experience within the financial services industry.ºStrong analytical skills and decision-making capabilities, including demonstrated ability to use initiative and good judgmentºUnderstanding of the financial services industry, its independent distribution channels, and the regulatory environment.ºStrong verbal and written communication skills ºResults-orientedºPartner mindsetºExcellent problem-solving and negotiation skillsºStrong aptitude for leadership and providing others with assistanceºHigh level of attention to detail and accuracyºExcellent time management skillsºMust be proficient in MS Office (Word and Excel)

Additional Information

Equity, Diversity & Inclusion:We are proud to be an equal opportunity employer and are committed to fostering an inclusive and accessible work environment that reflects the diversity of our customers and our communities. We welcome and encourage applications from individuals from all groups, including Indigenous people, women, visible minorities, and persons with disabilities, regardless of race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital status, family status, genetic characteristics, disability or any other legally-protected ground. Accessibility:Accommodations for persons with disabilities are available upon request for job applicants taking part in all aspects of the recruitment process.PIPEDA:We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

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