Overview
Senior Commercial Mortgage Underwriter, CMHC Jobs in Toronto, Ontario, Canada at Equitable Bank
The core parts of your role would be to:
On a daily basis, the incumbent will analyze and underwrite CMHC-insured commercial credit facilities ranging in size from $30MM-$150MM together with additional credit related and administrative duties, for all mortgage product types. Attention must be made to ensure that compliance with the company’s established lending guidelines and procedures are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner (60%).On
a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and funding deadlines. (20%).On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines (10%).On
a monthly basis, the incumbent will be responsible for various administrative and reporting duties required for the department/Company which will be relied upon by
Senior Management
(10%).Bilingualism is an asset
Proficient underwriting skills with a minimum 4 years’ commercial mortgage experience underwriting experience
Demonstrated
service excellence
within their field
Post-secondary
education
(diploma/degree) preferred , preferably in business or finance
Good working knowledge of MS Office (primarily Word and Excel)
Effective analytical and
problem solving
skills
Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market
Established organizational skills
Ability to handle multiple competing priorities
Good time management skills
Excellent
communication skills
, both oral and written
Ability and desire to attend industry-related events as required
Job Complexities / Thinking Challenges The position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible. Commercial mortgage applications can be complex in nature, requiring creative and
innovative
thinking and proactive
problem solving
. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made.
In some cases, viability is assessed with limited access to information or documentation.#LI-Hybrid
Title: Senior Commercial Mortgage Underwriter, CMHC
Company: Equitable Bank
Location: Toronto, Ontario, Canada
Category: Finance & Banking, Administrative/Clerical
