Pay Rate: $30
Location: Toronto ON
Job Type: Contract
Our client, a Top 5 Bank in Canada is looking to hire an Underwriter to their team for an initial 6-month contract with a possibility of extension/conversion. This role is currently hybrid, 1-2 days a month in office in Toronto.
You will be responsible for supporting the review and approval of residential mortgage and real estate applications. As an Underwriting Analyst, you will play a crucial role in ensuring that applications are processed in a timely and effective manner, following established guidelines and authorized lending limits.

Responsibilities Include:
  • Evaluate residential mortgage and real estate applications by meticulously reviewing documentation and information provided, ensuring alignment with CIBC risk parameters and applicable insurers' guidelines.
  • Utilize negotiation skills to make informed decisions on applications, including approval, recommendation, or decline, adhering to established processes and authorized lending limits.
  • Conduct thorough risk assessments and prepare comprehensive recommendations for Manager or senior underwriter consideration when dealing with residential mortgage applications that surpass the established authority limit.
  • Manage correspondence and inquiries from internal business partners and external stakeholders such as insurers, appraisers, and solicitors. Cultivate effective working relationships to facilitate the underwriting process.
  • Demonstrate strong analytical skills in gathering, reviewing, and assessing credit information. Ensure that all credit applications meet quality standards and comply with established guidelines.
  • Work efficiently in a fast-paced environment, managing high work volumes and meeting short timelines. Demonstrate adaptability by reviewing a variety of lending products on a daily basis while maintaining a high level of due diligence and quality in underwriting processes.
Must Have Qualifications:
  • 2-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.
  • Experience in reviewing and evaluating documents (income, down-payment, offers, etc.)
  • Experience in exceptions rational (*they will be making exceptions themselves)
  • Good Understanding of risk mitigation

Nice to Have:
  • Any broker or underwriting course experience
  • Outlook and Excel skills
  • A university Degree
  • Familiarity with Canadian Rules and Regulation.
If you are interested in this opportunity, kindly send your resume in MS Word format to today!